Diversified Healthcare Trust (Nasdaq: DHC) is nearing completion of its plan to transition 108 communities managed by Five Star Senior Living (Nasdaq: FVE) by the end of 2021. The Newton, Massachusetts-based real estate investment trust (REIT) on Tuesday announced it entered into a new management agreement with Cedarhurst Senior Living for seven assisted living facilities […]
Cedarhurst Senior Living
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: Complete Erickson Holds Grand Opening for $300M CCRC in Florida Erickson Senior Living has held a grand opening ceremony and ceremonial […]
As Covid-related distress has hit senior living, particularly for mom-and-pop operators, some providers with regional portfolios are seizing the opportunity to expand in 2021 and beyond. While regional operators weren’t seen as a big driver of consolidation in previous years, some brokers now expect them to be a driving force in acquisitions this year. In […]
Last year, the Covid-19 pandemic threw a wrench in the best-laid plans of senior living operators across the United States. But the providers to watch in 2021 all continued to innovate and devise interesting strategies for the future, even while responding to the public health crisis. Going into 2021, the providers on this list are […]
About 60 days ago, leaders at Cedarhurst Senior Living came to a realization, causing them to shift from crisis response to restarting enterprise growth on a foundation of operational stability. “We need to embrace the world we’re in and figure out how to operate within it, or fall behind and lose opportunities,” CFO Stephen Wertman […]
Alternative asset management firm Harbert Management Corporation (HMC) has announced the final close of a fund that secured approximately $510 million worth of equity commitments to target the U.S. senior housing industry. HMC’s Harbert Seniors Housing Fund II has to date closed eight transactions, three of which were joint venture development projects. The investments ultimately […]
Construction: Announced Dominion to Renovate Former Rehab Center in Kentucky Dominion Senior Living is poised to start work on a 42,000-square-foot, $5 million faith-based assisted living and memory care community in Louisville, Kentucky. Dominion recently purchased the former Glenview Healthcare and Rehabilitation Center with plans to renovate the inside of the one-story building to include 41 […]
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