In the Pipeline: Watercrest Breaks Ground in S.C.; College Campus CCRC Opens

Construction: In progress Watercrest Breaks Ground on South Carolina Community Watercrest Senior Living Group and its equity partners, Peninsula U.S. Real Estate and Corecam Capital Partners, have broken ground on a new community in Myrtle Beach, South Carolina. The community, Watercrest Myrtle Beach, has 98 units, with amenities such as a promenade, fireplace, water wall, […]

MedCore, Locust Point Acquire 7-Property Senior Living Portfolio from Ventas

Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living […]

Drever Capital Shifts Senior Housing Focus with $130M-$150M Active Adult Pipeline

Editor’s Note: Interested in the active adult market? Check out SHN’s Active Adult Virtual Summit, taking place July 15-17. Click here to learn more and register. A senior housing company and player in the multifamily space has set its sights on becoming the premiere boutique developer and operator of active adult communities in the United States. Through […]

Transactions & Financings: ‘Big 3’ REITs in Fed’s Bond Buying Program; Ziegler’s $278M Deal Volume

Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment trusts receiving funding as part of the Federal Reserve Bank of New York’s Secondary Market Corporate Credit Facility (SMCCF), The Real Deal reported. The program, established as part of the […]

What Senior Living Providers Are Doing — And Could Be Doing Better — in Response to Black Lives Matter

Senior living providers — like many businesses across the United States — have been responding to the Black Lives Matter movement with a variety of messages and actions. To get a sense of how providers are responding, I spoke with several CEOs and corresponded with many of the largest for-profit and nonprofit organizations in the […]

Movers & Shakers: Aegis Names Infection Control Officer; Ventas Bolsters Board of Directors

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

‘Complete Transformation’: Oakmont Senior Living Pivots to Health Care in Covid-19 Strategy

The Covid-19 pandemic has prompted a regional senior living provider to reevaluate its value proposition and pivot its operations and marketing. That company is Oakmont Senior Living, a Windsor, California-based provider with 31 communities throughout California and Nevada. The provider, which traditionally focused on high-end amenities and services, found itself in unfamiliar territory when Covid-19 […]

Healthpeak Does Not Expect Discounts to Drive Occupancy in Covid-19 Recovery

The Covid-19 pandemic has slowed move-ins for many companies in the senior living industry, including large real estate investment trusts. But for Healthpeak Properties, (NYSE: PEAK) the needle is moving in the right direction, at least for now. Roughly one month ago, around half of the Irvine, California-based health care REIT’s senior housing communities were […]