Industry Veteran Launches Vita Senior Living, Targets Distress Opportunities

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 […]

Transactions & Financings: Tryko Buys, Rebrands Facilities; LongueVue Exits 2 SQLC Communities

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 […]

Transactions & Financings: New Senior Approves Ventas Merger; Five Star Update; Front Porch’s $306M Refinancing

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 […]