Why Senior Living Companies Are Increasingly Interested in International Growth

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 […]

Jaybird Senior Living President: After Portfolio Restructuring, Company Ready For Growth

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 […]

Senior Living Dealbook: Solera Senior Living Acquires SageLife; Ikaria Capital Group, CareTrust REIT Expand Partnership

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 […]

Transactions & Financings: Invesque Moves Further Away From Skilled Nursing, MassDevelopment Issues $129M Bond

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 […]

Senior Living Staffing Outlook Improving as Industry Faces ‘Uphill Battle’ for Workers

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 […]

CareTrust Names New Chief Investment Officer, Current Exec Lamb to Step Down

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 […]

CareTrust CEO: Senior Housing Makes Up ‘Vast Majority’ of 32 Outgoing Assets

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 […]

Movers & Shakers: New CareTrust CEO as Sale Rumors Swirl; SRG Finds VP in Defense Sector

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 […]