Senior living operators have long talked about demographics in the U.S. supporting new investments and growth initiatives. Those opportunities also extend to markets overseas, at least for savvy companies. Like in the U.S., international markets like Canada, China and the United Kingdom have favorable demographics of aging older adults in the years ahead. Recent international […]
This story is part of your SHN+ subscription Two years ago, Jaybird Senior Living experienced sweeping changes across its organization as the company sought to realign its partnerships and prepare for future opportunities, according to President Justin Wray. In 2022, the organization had grown to over 70 communities. Fast-forward to today and Jaybird oversees 38 […]
Transactions Solera Senior Living acquires SageLife Solera Senior Living has expanded its portfolio with the acquisition of SageLife. According to a press release, the acquisition adds five communities in Maryland, Massachusetts and Pennsylvania to Solera’s portfolio. The addition brings Solera’s total portfolio to 14 communities in nine states. SLIB sells Georgia assisted living, memory care […]
A subsidiary of CareTrust REIT (NYSE: CTRE) is acquiring UK-based Care REIT plc and its 137 care homes in the United Kingdom in a deal representing about $817 million. Care REIT has a portfolio of 137 care homes totaling about 7,500 beds in England, Scotland and Northern Ireland managed by 15 operators. Under the deal, […]
CareTrust REIT (NYSE: CTRE) had an active investment period in the second quarter of 2023, particularly on the skilled nursing side — but the company is still seeing a wider than desired bid-ask spread in senior living pricing, according to management. On the whole, the real estate investment trust (REIT) reported $173 million of new […]
Financings MassDevelopment Issues $129M Bond For Middle-Market Community MassDevelopment announced it issued a $129 million tax-exempt bond on behalf of 2Life Opus Newton for the development of a senior living community aimed at serving the middle market. The community – run by 2Life Opus, an affiliate of 2 Life Communities – will be a 174-unit […]
While labor challenges have plagued senior living operators more severely during the Covid-19 pandemic, there could be light at the end of the tunnel for some as positives emerge. While staffing still makes up the largest part of the company’s budget, labor pressures are beginning to ease due to reduced agency staffing costs and overtime […]
By Amy Stulick CareTrust REIT (NYSE: CTRE) on Monday announced a change in leadership, with James Callister stepping into the role as chief investment officer at the end of the year. Current Chief Investment Officer Mark Lamb is stepping down to pursue entrepreneurial opportunities, the company shared in its news release. Callister, who currently serves […]
Real estate investment trust CareTrust (Nasdaq: CTRE) has outlined 32 properties it marked for sale or repurposing — and the “vast majority” of them are senior housing, according to the company’s top executive. “We have a portfolio of skilled nursing facilities that we are selling, and then the rest are all senior housing,” CEO David […]
CareTrust gets new CEO amid rumors of sale CareTrust (Nasdaq: CTRE) appointed former president and COO David Sedgewick to be its new CEO. Before joining the San Clemente, California-based real estate investment trust (REIT), Sedgwick held leadership positions at the Ensign Group (Nasdaq: ENSG), CareTrust’s largest tenant. CareTrust itself was formed in a spin-off from […]
