Fortress Investment Group (NYSE: FIG), the investment management firm behind Holiday Retirement and New Senior Investment Group (NYSE: SNR), will be acquired by Japanese technology giant SoftBank Group for about $3.3 billion in cash. The companies confirmed the deal late Tuesday, after The Wall Street Journal first reported on it. The acquisition has sparked speculation […]
In picking its first CEO, Blue Harbor Senior Living has found a leader with deep industry experience to take the reins as the company grows in new directions. Tana Gall became CEO of the Portland, Oregon-based management company effective July 1. In the past, Gall served as president both of Merrill Gardens and Leisure Care, […]
New Senior Investment Group Appoints Chief Accounting Officer New Senior Investment Group (NYSE: SNR) appointed Bhairav Patel as the company’s chief accounting officer, effective March 30. Patel is a managing director in the private equity group of the company’s manager, FIG LLC, which is an affiliate of Fortress Investment Group LLC. Patel joined Fortress in […]
The nation’s largest independent living provider has a new CEO. Holiday Retirement CEO Kai Hsiao is stepping down from that role and becoming vice chairman, citing personal health matters. Lilly Donohue has been named the new chief executive officer, effective immediately, the Lake Oswego, Oregon-based company announced Tuesday. “I am confident that Holiday is well […]
This week, SHN readers became acquainted with Welltower, Inc., dove deeper into what fuels senior living move-ins, and learned about a new challenge to Fortress Investment Group. Here in the newsroom, we are intrigued by a saga involving a California assisted living facility and its wild pet duck. Most Read on SHN Health Care REIT’s […]
A shareholder has taken private equity giant Fortress Investment Group (NYSE: FIG) to task over New Senior Investment Group (NYSE: SNR), a publicly traded health care real estate investment trust focused on private pay senior housing, which has seen its stock price drop dramatically since its inception last year. John Levin of Levin Capital Strategies, a […]
Transaction volume within the senior housing sector is at an all-time high, and recently released research findings indicate that commercial real estate professionals don’t expect it to slow any time soon. At the end of the second quarter of 2015, approximately $17 billion in senior living transaction volume was recorded over the past 12 months throughout the United […]
The U.S. faces an impending surge in the number of seniors who will require long-term care, while simultaneously facing a staggering shortage in the number of caregivers to serve them. This situation carries serious implications for senior housing providers in the coming years, but they may be able to avoid this “caregiver cliff” by recruiting […]
With the backing of one of the nation’s major investment groups, Fortress Investment Group (NYSE: FIG), and a previous foray into senior living investing through its predecessor Newcastle Investment Corp. (NYSE: NCT), New Senior Investment Group (NYSE: SNR) has quickly risen in the market since its launch in late 2014. After announcing last summer that Newcastle […]
The so-called “big three” health care real estate investment trusts (REITs) continue to dominate as the largest non-provider senior living property owners in 2015, with Health Care REIT Inc. [NYSE: HCN] retaining its top position on the annual list from the Assisted Living Federation of America. HCN ranked No. 1 in all three metrics considered, […]
