Aegis Living is set to pilot its own staffing agency in a move aimed at saving millions of dollars in workforce expenses and potentially creating a new business line down the road. The Bellevue, Washington-based operator in January plans to launch the new agency in Seattle, where it has 17 communities and five more under […]
David Eskenazy, former president of Merrill Gardens, has been named CEO of Cogir USA, effective immediately. Eskenazy takes on this role as Cogir USA expands, having recently added five buildings formerly operated by Sunrise Senior Living, with further management agreements and development plans in the works. After departing Merrill Gardens in 2019, Eskenazy joined Cogir […]
Kris Engskov has left his position as president of Aegis Living and is set to lead a new company in the home health care space. Prior to joining Aegis in 2019, Engskov worked as executive vice president of business integration for Starbucks (Nasdaq: SBUX) and was assistant press secretary and personal aide to U.S. President […]
The expansion of regional senior living providers has been an ongoing trend in 2021. Some of these companies are gaining so much scale, they are becoming “super regionals.” I’ve heard the term “super regional” increasingly this year, including at the recent Argentum conference. This chatter makes sense, as transactions in the last few months have […]
National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned Trammell Crow Plans Mixed-Use Senior Living Development Near D.C. Real estate developer and investor Trammel Crow Company has announced plans […]
Recent data showed senior living occupancy remained flat in the second quarter of 2021, prompting renewed doubts about the pace of Covid-19 recovery. With this as the backdrop, providers are hoping that Q3 2021 will result in a seasonal occupancy uptick, and then some — but that result is uncertain. There is reason for some […]
During the last year, many senior living ownership groups worked closely with operators and granted them leeway on certain pre-pandemic expectations. But the situation is now changing, creating tension and generating debate about whether new capital structures are needed. Corporate talent management firm Ferguson Partners recently had conversations with 13 industry executives, including owner and […]
Middle-market senior living has commanded a lot of attention recently, with demand set to rapidly expand in the coming years. But luxury senior living continues to hold great appeal for developers, investors, operators and — most encouragingly — consumers. Watermark Retirement is certainly not shying away from the luxury market. The Tucson-based company’s development pipeline […]
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