More Senior Living CEOs to Pass the Baton — But Handoffs May Not Be Smooth

This article is available as part of your SHN+ membership Senior living leaders often talk about the generational tailwinds ahead in the form of an aging demographic of baby boomers. What they don’t talk about as much is how those trends will affect their companies in potentially negative ways. As the boomers age, so too […]

In the Pipeline: The Virginian Progresses on $67M Renovation; Covenant Living Starts on $66M Makeover

This article is part of your SHN+ subscription 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. Construction: Planned New affordable project announced in Massachusetts for 2Life Communities 2Life Communities announced an affordable senior living […]

Movers and Shakers: United Church Homes Appoints VPs; LCS Updates Executive Roster

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Transactions & Financings: Lument Sees Transaction Volume Record in 2021; MidCap Secures $95M Loan

Sales MedCore Sells Washington Community MedCore Partners announced the sale of its Cooks Hill Manor community, according to a press release. The move brings MedCore portfolio to 15 senior living properties across the states of Arizona, California, Oregon, Texas, Utah, and Washington. Grandbridge Arranges New Hampshire CCRC Sale Grandbridge Real Estate Capital announced that it […]

Transactions & Financings: Covenant Living Acquires CCRC From Bankruptcy; Legacy Senior Living Expands

The District of New Hampshire U.S. Bankruptcy Court approved Covenant Living’s purchase of Hillside Village Keene, a continuing care retirement community in Keene, New Hampshire. Hillside Village becomes the 15th CCRC that Covenant — a Skokie, Illinois-based nonprofit — owns and operates. Following significant occupancy challenges due to the Covid pandemic, Hillside ultimately filed for […]

Senior Living Muni Bond Defaults Reach $1.6B in 2021, With More Pain Coming

Thirty-one senior living borrowers have missed a payment on their municipal bond debt for the first time in 2021, representing about $1.6 billion of muni bonds in default and tying the record number of senior housing defaults set last year. That’s according to the latest statistics from Municipal Market Analytics (MMA). The findings build on […]

Covenant Living Seeks to Buy CCRC That Filed for Chapter 11 Bankruptcy

Senior living nonprofit Covenant Living has entered into a purchase agreement to buy a CCRC in New Hampshire that recently filed for Chapter 11 bankruptcy. The organization behind the continuing care retirement community (CCRC), The Prospect-Woodward Home, filed for Chapter 11 bankruptcy protection in New Hampshire, where the community is located. Covenant is seeking to […]

Executive Forecast 2021: A Rare Chance For Senior Living Reinvention

“When you’re in a chaotic environment, you white-knuckle the status quo. We just can’t do that. We really have to think about what is the ‘new next’ that we are going towards.” Those are the words of Sequoia Living President and CEO Sara McVey, and they capture a common sentiment among other top executives in […]