A senior living veteran is launching a company aimed at acquiring and improving underperforming communities in The Sunshine State. The company is Vita Senior Living, a real estate, development, and management firm based in Orlando, Florida. CEO Scott McCorvie announced the company’s launch Tuesday. Vita’s strategy will center on acquiring underperforming communities with strong potential […]
Alta Senior Living
Sales NHI closes three sales to wrap up 2021 National Health Investors (NYSE: NHI) announced the sale of three senior housing communities in December, according to an update from the real estate investment trust. The three sales include: A 76-unit property, located in Marysville, Ohio, netted $12 million in gross proceeds plus $3.6 million for […]
Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy improvements for the communities it will continue to operate for Diversified Healthcare Trust (Nasdaq: DHC). Occupancy across the Diversified portfolio ended August at 74.7%, a 100 basis point improvement over […]
The Covid-19 pandemic has led to financial distress across the senior living industry as occupancy has fallen to historic lows — but for one new operator, that is an opportunity. The newly launched company, Alta Senior Living, is planning to build out its portfolio first by acquiring communities at a good price due to the […]
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