The increasing obsolescence of U.S. senior housing stock was a growing concern prior to the Covid-19 pandemic, and the issue has only become more pressing. As of 2019, the average age of senior housing stock across the 31 primary markets tracked by NIC MAP Vision was 21 years. Today, about 45% of the inventory base […]
Enlivant
As 2023 enters its second quarter, the year is shaping up to be a rollercoaster ride for the senior housing sector. After a slew of bad news, the last week brought positive headlines. Brookdale (NYSE: BKD) improved its forecast for Q1 financial results, and NIC MAP Vision data showed that sector-wide occupancy has been surprisingly […]
If recent events are any indication, 2023 is going to be a painful year for the senior living industry. In late March, real estate firm Waterton surprised many in the industry — myself included — by transitioning all of Chicago-based Pathway to Living’s management agreements to other operators. In recent conversations with company insiders, I […]
The joint venture company of TPG Real Estate and Sabra Health Care REIT (Nasdaq: SBRA), which involves more than 150 senior living communities operated by Enlivant, is in the process of negotiating with lenders to restructure its financing, following certain failures to meet financial covenants and a notice of default. That is according to amended […]
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 […]
Each passing year brings closer the huge demand wave for senior living. And as 2023 begins, providers are more focused than ever on the next generation of consumers — but also are struggling to find ways to evolve the product as needed. The struggle is due to economic turmoil and uncertainty, with tight labor markets, […]
Staffing issues and maintenance challenges continue to weigh on resident satisfaction, but overall there are signs the industry is stabilizing in the aftermath of the Covid-19 pandemic. That’s according to the latest annual J.D. Power U.S. Senior Living Satisfaction Study, published on Wednesday. The 2022 survey is based on 2,715 responses from senior living residents […]
Environmental, social and governance (ESG) investments are growing within the senior living sector, as we reported a month ago. But just as our article appeared, a KPMG survey of more than 1,300 CEOs was released, with a contradictory finding: Half of respondents are “pausing or reconsidering” planned ESG efforts within the next six months, and […]
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 […]
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 […]
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