For many operators, senior living occupancy and resident rates have grown in 2022. Margins have not followed suit. While occupancy and rate increases have driven revenue higher in recent months, increased labor expenses and cost inflation of certain goods and services are hampering margin growth across the industry. The squeeze on NOI margins puts senior […]
Artemis Real Estate Partners
Baptist Senior Services names new CEO amid rebrand Pittsburgh-based Baptist Senior Services, now Baptist Senior Family, announced Timothy Myers will serve as President and CEO, replacing Alvin Allison Jr., who will retire at the end of this year. Myers was most recently CFO at Ingleside, a DC-area seniors housing parent company that oversees six senior […]
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 Goodwin House Plans Virginia Community Goodwin House Incorporated, which manages two life plan communities in Northern Virginia, has plans to […]
With 11 development projects in the pipeline and more to be announced soon, MorningStar Senior Living is in growth mode. Its new president, Mark Andrzejewski, is helping the Denver-based provider scale up while bringing a fresh perspective to the industry. In particular, he sees the potential to use real-time data more effectively, and he is […]
Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]
CareTrust expands memory care portfolio with $12.5M California acquisition CareTrust REIT (Nasdaq: CTRE) added to its portfolio of memory care communities with the $12.5 million acquisition of Vista del Lago, a 42-unit/96-bed community in San Diego. The seller was Torrey Pines Development Group. The Cushman & Wakefield Senior Housing Capital Markets team of Vice Chairman […]
Solutions Advisors Acquires Trilogy Consulting New Jersey-based senior living consulting firm Solutions Advisors has acquired Trilogy Consulting, LLC. Solutions Advisors provides strategic marketing, sales consulting and creative services to senior living communities. Terms of the deal were not disclosed. Trilogy founder Scott Townsley, who opened his firm January 1, 2017, will serve as Principal of […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
Here’s a collection of some smaller senior housing and care acquisitions that were announced in the past couple of weeks: AdCare Acquires Ark. Senior Care Facility for $6.3 Million Long-term care provider AdCare Health Systems, Inc. (NYSE:ADK) has signed a purchase agreement to acquire a Little Rock, Arkansas-area skilled nursing facility for $6.3 million. AdCare […]
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