Earlier this spring, I received a LinkedIn message related to the future of the TPG/Sabra Healthcare REIT (Nasdaq: SBRA) joint venture senior living portfolio, operated by Enlivant. The message was from a relative of a resident, sharing a letter stating that a new operator would soon be taking over. I eventually learned the future operator […]
Eclipse Senior Living
One of the 10 most-read stories on Senior Housing News last year was our coverage of the Cogir and Cadence merger, announced in November. In 2023, expect more deals of this type — and larger ones — to reshape the senior living operator landscape. In fact, Senior Housing News today broke the news of Solvere […]
Keppel Corporation — the Singapore-based international conglomerate that holds a 50% stake in Watermark Retirement — has tapped industry veteran Kai Hsiao to lead an expansion of its senior living portfolio in the United States and other global markets. Hsiao joined Keppel Capital as CEO of Senior Living US in January 2022. Most recently, he […]
Activist shareholder Land & Buildings has picked another battle with a major senior living company, with the news breaking this week of a proxy fight with Ventas (NYSE: VTR). This latest battle comes after Land & Buildings in 2019 was at loggerheads with Brookdale (NYSE: BKD), unsuccessfully pushing a board nominee and a real estate […]
While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]
One year ago, vaccine clinics were just getting underway in senior living communities, raising hopes for a better year ahead after the devastating toll exacted by Covid-19 in 2020. While Covid-19 vaccines have been a gamechanger for senior living providers, the quotes below reflect that 2021 presented plenty of daunting challenges, including unprecedented labor pressures. […]
Bobby Petras remembers being at a doctor’s appointment when he heard the news of a game-changing opportunity to add 15 properties to the Priority Life Care portfolio. The call came from Priority’s CEO and Bobby’s sister, Severine Petras. Real estate investment trust Ventas (NSYE: VTR) had tapped them to operate the 15 properties in Pennsylvania […]
Priority Life Care assumed management of 17 senior living communities earlier this month, and is rebranding them under the Celebration Villa banner. All 17 properties formerly were operated by Eclipse Senior Living and are owned by Chicago-based real estate investment trust Ventas (NYSE: VTR). Priority, based in Fort Wayne, Indiana, has largely focused on the […]
As 2022 approaches, senior living providers are setting their annual rental rate increases — and many are going big. I’ve heard that message repeatedly during the past week, first in sessions and conversations at the NIC conference in Houston, and then in quarterly earnings calls. It’s a notable turnaround from this time last year, when […]
Sinceri Senior Living has had a big year in 2021. The Vancouver, Washington-based operator in September changed its name from JEA Senior Living to reflect a new and growing focus on product types beyond memory care. At the same time, the company is expanding at a rapid pace, most recently by taking over 21 properties […]
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