Transactions & Financings: Senior Living Communities’ $35M CCRC Acquisition; Sunrise Acquires New Jersey Site

Senior Living Communities acquires South Carolina CCRC Senior Living Communities acquired Wildewood Downs, a 248-unit continuing care retirement community in Columbia, South Carolina, for $35 million. The community will be operated by a SLC affiliate. The acquisition was financed by a $32.7 million loan from National Health Investors (NYSE: NHI), and includes capital expenses for renovations. The loan will have a […]

Transactions & Financings: Ventas’ $490M Colony Capital Refinancing; BPM Senior Living Portfolio Sold

Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]

Former Five Star Execs Mackey, Herzig Launch Sona Senior Living

Former Five Star Senior Living (Nasdaq: FVE) CEO Bruce Mackey and COO Scott Herzig have launched a new senior living operating company called Sona Senior Living. Sona, which is headquartered in the Boston area, will initially focus on third-party management of senior living communities across the care continuum and throughout the U.S. While it hasn’t […]

Five Star C-Suite Shakeup Continues with New CFO

Five Star Senior Living (Nasdaq: FVE) is shaking up its executive ranks again, two days before releasing its Q1 2019 earnings report. The Newton, Massachusetts-based senior living owner and operator announced the appointment of Jeffrey C. Leer as Executive Vice President, Chief Financial Officer and Treasurer. Leer will assume his duties June 1. He succeeds […]

Five Star, Senior Housing Properties Trust Strike Major Lease Restructuring

Five Star Senior Living (Nasdaq: FVE) struck a comprehensive lease restructuring and ownership agreement with Senior Housing Properties Trust (Nasdaq: SNH), in a move aimed at immediately easing Five Star’s financial woes and restoring the provider to full health in the longer term. The deal will shift ownership of Newton, Massachusetts-based Five Star substantially to […]

Five Star Defers February Rent to SNH as Struggles Continue

Five Star Senior Living’s (Nasdaq: FVE) financial woes continue to pile up. The Newton, Massachusetts-based senior living operator and Senior Housing Properties Trust (NYSE: SNH) agreed to defer the minimum aggregate February rent Five Star owes SNH for properties it operates under a master lease between the two companies. The deal was unveiled in a […]

How Senior Living Dining is Adapting for Next-Generation Residents

As the oldest baby boomers begin their transition to senior living, they are bringing with them a greater education about food and drink. As a result, senior housing operators are adding flexibility to their dining programs to accommodate these changes. This flexibility was the focus of “New Dining Formats for the Next Generation of Senior […]

Five Star’s Future Still Shaky After Q4 Earnings

Five Star Senior Living (Nasdaq: FVE) acknowledged its continued financial challenges pose a threat to the company’s viability, even as the organization works to implement operational strategies to effect a turnaround. Five Star is also in discussions with its major real estate investment trust landlord, Senior Housing Properties Trust (NYSE: SNH), to potentially restructure. The […]

Senior Housing Properties Trust Weighing Five Star Restructuring

Senior Housing Properties Trust (NYSE: SNH) is weighing a litany of options for Five Star Senior Living (Nasdaq: FVE) in light of the operator’s ongoing financial and operational problems — including a possible adjustment to the two companies’ agreements. That was top of mind during the the Newton, Massachusetts-based real estate investment trust’s (REIT) fourth-quarter […]