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, […]
Five Star Senior Living
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 […]
A duo of senior living veterans has acquired an operating company and rebranded it as Better Living. The new owners of the management company, Dani Merlino and Nick Merlino, acquired the company formerly known as Better Living Management Services from brothers Seth and Kyle Phillip. Now that they own the operator, the Merlinos plan to […]
Five Star Senior Living and Life Care Services took the top spots in the J.D. Power 2024 U.S. Senior Living Satisfaction Study. Five Star Senior Living took the top spot among assisted living and memory care family members and decision-makers with an overall satisfaction score of 877. Senior Lifestyle came in second, with a score […]
U.S. News has released its third “Best Senior Living” list, with companies including Brookdale Senior Living (NYSE: BKD), LCS and Brightview Senior Living near the top of the stack. . Of the more than 3,500 communities that were surveyed, 1,703 were recognized as “best” in one or more of the available categories, which include best […]
Every month, Lasell Village, – a CCRC on the campus of Lasell University in the Boston area – gets calls from other academic institutions wanting to replicate its senior living model. Based on the demand for expanding university-based senior living and the effects those models have on residents, Lasell Village President Zehra Abid-Wood believes now […]
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 […]
Early in 2021, Oaks Senior Living operated a portfolio of nine communities as a family-owned business. Now, the operator is more than four times that size, and it has a new CEO priming it for growth. Oaks, which hit its 25-year anniversary in March, is opening its 39th building in the latter half of 2023 […]
Brookdale Senior Living (NYSE: BKD) is still the nation’s largest senior living operator — but others are catching up, as the industry is still rife with disruption, according to Argentum’s 2022 Largest Providers Report. The report, released Wednesday, was compiled in partnership with real estate finance firm Lument. It ranks U.S. senior living operators in […]
Stellar Senior Living SVP and Co-Founder Adam Benton has some advice for senior living providers seeking to improve their hiring processes: Apply for a job at McDonald’s. That’s what he did, after hearing so many times that Stellar communities were struggling to compete against fast food restaurants for workers, Benton explained during a recent SHN+ […]
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