Sinceri Senior Living has exploded with growth in the last five years, going from 37 communities in 2020 to 138 today. The Vancouver, Washington-based operator has hit the accelerator on expansion through third party management contracts, with plans to continue growing looking ahead. Earlier this month, took an additional 38 communities into its portfolio after […]
This story is part of your SHN+ subscription Multiple brands, dense portfolios centered on specific regions, new incentives to achieve alignment in operations – this is the future of senior living owner-operator relations. Recently, Diversified Healthcare Trust (Nasdaq: DHC) took this strategy when it transitioned 116 communities to six senior living operating companies. The Newton, […]
Real estate investment trust Diversified Healthcare Trust (Nasdaq: DHC) is transitioning 116 senior living communities formerly managed by AlerisLife to seven other operators, with the lion’s share of the former Five Star-branded communities going to Discovery Senior Living, Sinceri Senior Living and Tutera Senior Living. In an interview with Senior Housing News on Wednesday, Diversified […]
Stellar Senior Living Co-Founder and Senior Vice President Adam Benton believes his company has its best-ever opportunities to expand in 2025 and beyond. Midvale, Utah-based Stellar is on a mission to enrich the lives of 10,000 senior living residents, families and employees by 2030, a goal Benton believes the organization can reach through measured growth. […]
Transactions Blueprint advises sale of Kentucky community Blueprint announced it advised on the sale of a Richmond, Kentucky assisted living community on April 24. The community was built in 2009 and features 49 units, according to a press release. The seller was a New York-based regional owner and operator looking to divest the asset, the […]
Brookdale Senior Living (NYSE: BKD) is expanding an engagement-focused program to complement its growing HealthPlus service line – just one of the ways the company is seeking to maximize profitability in the months and years ahead, according to CEO Cindy Baier. The Brentwood, Tennessee-based company detailed its new program, Engagement Plus, which is designed to […]
Diversified Healthcare Trust (Nasdaq: DHC) is in the process of selling 32 communities in its senior housing operation portfolio (SHOP), the company’s leaders said during a third-quarter 2024 earnings call Tuesday. The communities total 2,422 units, and three are under agreement or letter of intent to change hands, according to President and CEO Chris Bilotto. […]
This article is part of your SHN+ subscription This week Brookdale Senior Living (NYSE: BKD) announced it will buy 41 of its leased communities for $610 million, increasing the company’s share of owned and managed units to about two-thirds of its total portfolio. Brookdale funded the transaction – more precisely, three separate deals with different […]
The merger between Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) has been called off, according to a news release issued late Friday afternoon. In April, the companies announced the proposed merger that would have seen OPI acquire all the outstanding common shares from DHC to create a combined entity called […]
Diversified Healthcare Trust (Nasdaq: DHC) has announced an “event of default” on its $450 million credit facility. The credit facility in question required Diversified to maintain collateral properties at an appraised aggregate value of $1.09 billion. But the value of the REIT’s properties declined from $1.34 billion to $1.05 million following a reappraisal of 61 […]
