Headline reports this week falsely claimed that rapper 50 Cent sold his Connecticut home to a developer with plans to turn the estate into an assisted living facility. While those rumors sparked our attention here in the newsroom, we kept you in the know with the facts. In the wake of earnings call season, senior […]
Capital Senior Living
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
Capital Senior Living (NYSE: CSU) CEO Larry Cohen exuded confidence during a call with investors on Thursday, emphasizing the company’s strengths and its alignment with all shareholders— months after being publicly pressured to consider a sale. In particular, Dallas-based Capital Senior Living does not share some of the same challenges as its competitors, has a size that puts it at a competitive […]
The Goodman Group Appoints New CFO Minnesota-based senior living developer and manager The Goodman Group promoted Clint Knacke to serve as the company’s chief financial officer. Knacke has been with The Goodman Group for almost 20 years, most recently as controller. He joined the company in 1996 as a retail accountant, and for the past […]
Trends, influenced by tailwinds and headwinds, blow strong and then can change course over short periods or over a span of many years. On an airplane, these tailwinds and headwinds create turbulence, causing temporary discomfort that typically passes with smoother air ahead. So even though a slight tailwind at the senior housing industry’s back is […]
An investment management firm that late last year publicly pushed for the sale of Capital Senior Living Corp. (NYSE: CSU) is now putting even more pressure on the company. The firm has gone as far as to suggest a sale to real estate investment trust HCP, Inc. (NYSE: HCP)—or a company like it. In a public […]
This week, our readers were inundated with news and were keen to know more about a proposed portfolio deal between an affiliate company of Senior Star and Five Star Quality Care. The Federal Reserve also finally announced it would aim to increase interest rates for the first time in nearly a decade. We kept readers […]
Disgruntled senior living shareholders pushed two major providers to sell off the companies in part or whole this year, raising questions about market fundamentals while stock prices have remained undervalued. Capital Senior Living Corp. (NYSE: CSU) was recently publicly pressured to explore a sale of the company by Lucus Advisors, a 5.6% shareholder in the company. The […]
After decorating our Christmas tree here at the Senior Housing News office at the end of last week, we got to work bringing you some of the latest happenings in the industry. Readers tuned in to learn about potential restrictions faced by non-traded real estate investment trusts (REITs) under a proposed Department of Labor rule […]
Capital Senior Living (NYSE: CSU) is being publicly pressured by a shareholder to take steps that could lead to the sale of the company, one of the largest senior living providers in the country. An investment management firm with a stake in the company has written a public letter urging CSU’s board of directors to […]
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