After a quarter of occupancy gains and the recent sale of the majority of its home health and hospice service line, leaders with Brookdale Senior Living (NYSE: BKD) believe the company is gaining momentum in its recovery. While that doesn’t mean the organization has emerged from its Covid-era challenges — staffing remains a big pressure […]
The positive momentum within Ventas’ (NYSE: VTR) senior housing operating portfolio (SHOP) that manifested in the first quarter of 2021 continued into the second quarter and July. New leads and move-ins in the quarter exceeded Q1 2019 levels, with the former setting a new high. Occupancy has improved sequentially for five straight months. And the […]
Sabra Healthcare REIT’s (Nasdaq: SBRA) decision to exit its Enlivant joint venture with private equity firm TPG has not soured the company on the operator, nor lessened its appetite for senior housing. With the wheels already turning on a sale of its 49% stake in the 159-community portfolio, Sabra is turning its attention to growing […]
Five Star Senior Living (Nasdaq: FVE) is a leaner company today thanks to its plan with Diversified Healthcare Trust (Nasdaq: DHC) to transition 108 communities to new operators. But that is only the beginning of a larger metamorphosis taking place within the company, according to Five Star CEO Katie Potter. “This important first phase of […]
Sabra Health Care REIT (Nasdaq: SBRA) will exit its joint venture with private equity firm TPG in 159 senior housing communities operated by Enlivant, bringing a nearly two-year saga close to its endgame. The Irvine, California-based health care REIT announced its intentions on Wednesday, ahead of its Q2 2021 earnings call. However, CEO Rick Matros […]
By all appearances, The Canyons mixed-use development in Portland, Oregon is an upscale new multifamily community. But the property stands apart in one big way: its target residents are people who might otherwise move into senior housing. To be clear, The Canyons is not age-restricted. But with universal design elements built into every unit and […]
Former Sunwest Management CEO Jon Harder may no longer be behind bars, but he is not out of legal trouble. A judge on Monday ruled that Harder must repay $79.5 million to investors he defrauded over a decade ago. Harder was charged with 56 counts of fraud in 2012, tied to his role in defrauding […]
Recent data on CEO turnover suggests that a new cadre of top executives is rising in the wake of the pandemic, across various industries. That trend could also be playing out in senior living. Covid-related burnout and the need for new skillsets in light of pandemic-related challenges are two factors underlying recent CEO turnover across […]
LTC Properties (NYSE: LTC) has nearly exited its relationship with Senior Lifestyle Corp., expanding its partnerships with Juniper Communities and Oxford Senior Living in the process. LTC — a real estate investment trust (REIT) based in Westlake Village, California — decided before the Covid-19 pandemic to transition its portfolio operated by Chicago-based Senior Lifestyle, one […]
Welltower (NYSE: WELL) is growing its relationship with Oakmont Management Group in an arrangement that will grow the companies’ existing portfolio and facilitate the launch of a new brand called Ivy Living. The Toledo, Ohio-based real estate investment trust (REIT) on Thursday announced it is acquiring an undisclosed number of management contracts that are expected […]
