Opportunity zone funds held promise for senior housing investment prior to Covid-19, and the sector may gain greater luster for these funds as a result of the pandemic. However, the outlook remains mixed at the moment, with some funds bullish on senior living and others avoiding the space, and the opportunity zone program facing ongoing […]
Cogir — a leading Canadian senior housing operator — is officially launching a U.S. management company under the leadership of two industry veterans, former Merrill Gardens President David Eskenazy and former Aegis Living CFO Walter Jossart. “We’re definitely very excited about it,” Jossart told Senior Housing News. “We’re working through methodically to understand the foundation […]
Forward thinking senior living operators recognize the potential for tech to improve customer satisfaction, move-ins, employee retention and have a positive impact on value propositions. Two companies, Sunrise Senior Living and Cogir Real Estate, shared their experiences bringing tech into their operations platforms, with positive results, and outlined upcoming plans during a panel discussion on […]
Welltower (NYSE: WELL) has announced $1 billion in new off-market investments, involving 11 separate off-market senior housing and medical office transactions. In addition, an affiliate of Qatar Investment Authority (QIA) has made a $300 million investment in Welltower’s common stock and has an option to acquire an interest in a development pipeline of urban senior […]
A Montreal-based firm has plans to rapidly scale up its U.S. senior living operations, after agreeing to take over management of a dozen properties from Brookdale Senior Living (NYSE: BKD). Real estate investment trust (REIT) Welltower (NYSE: WELL) first announced in June plans to scale back its Brookdale portfolio and divvy up dozens of Brookdale-managed properties to other operators. […]