Healthpeak Properties (NYSE: PEAK) offered its strongest indication to date that it is looking to trim from its senior housing operating portfolio (SHOP) and triple-net senior housing segments in order to maintain its status as a blue-chip real estate investment trust. Leadership has entertained inquiries in recent weeks from private equity firms interested in buying […]
Category: Uncategorized
Greystar Real Estate Partners has become one of the foremost names in the fast-growing active adult rental sector in recent years, and now the development and management company is expanding in new directions with the launch of its more moderately priced Album brand. Charleston, South Carolina-based Greystar is the largest U.S. operator of multifamily apartments […]
A new senior living brand is marrying small-neighborhood concepts with more compact designs to make assisted living and memory care more affordable for residents. American Healthcare Management Group is forging ahead with the new assisted living and memory care brand called Elevate. At its core, the concept is meant to be significantly smaller in size […]
Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
AllyAlign Health has opened a primary care clinic at a continuing care retirement community (CCRC) in Virginia. The move is part of a larger trend of bringing primary care into senior living settings, and is perhaps the first step in a larger plan from AllyAlign. The Glen Allen, Virginia-based company helps senior living providers launch […]
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 […]
Continuing care retirement community (CCRC) Clare Oaks will be getting a new management company and more assisted living units if a new Chapter 11 restructuring plan is approved. Located in the Chicago suburb of Bartlett, Illinois, Clare Oaks voluntarily filed for Chapter 11 bankruptcy protection in June 2019. Subsequently, Clare Oaks creditors’ committee battled with […]
Long-awaited federal financial support for assisted living providers is on the way, according to the American Seniors Housing Association (ASHA). Private-pay assisted living providers will have access “very soon” to the Department of Health and Human Services (HHS) Provider Relief Fund, an HHS official told ASHA leadership on a call Wednesday. The overall dollar amount […]
About 60 days ago, leaders at Cedarhurst Senior Living came to a realization, causing them to shift from crisis response to restarting enterprise growth on a foundation of operational stability. “We need to embrace the world we’re in and figure out how to operate within it, or fall behind and lose opportunities,” CFO Stephen Wertman […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Jason French, administrator at Western Reserve Masonic […]
Subscribe
Receive industry updates and breaking news from SHN