After a whirlwind of acquisition activity in 2019, Invesque (TSX: IVQ U) is winding down the year with an eye on maximizing the value of its expanded senior housing portfolio in 2020 through improved operations, selective paring of assets, and holding options to consolidate most of its portfolio into master leases. The Toronto-based real estate […]
Heritage Senior Living
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Invesque (TSX: IVQ.U) is wasting no time in building up the $340 million Commonwealth Senior Living portfolio acquired in May. Invesque is transitioning the majority of its assets operated by Falls Church, Virginia-based Greenfield Senior Living to Commonwealth, the Toronto-based real estate investment trust (REIT) announced in its second quarter 2019 earnings report Wednesday. The […]
Invesque secures $80M credit facility People’s United Bank, a subsidiary of People’s United Financial (Nasdaq: PBCT), announced its healthcare finance and capital markets divisions served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque (TSX: IVQ.U). The facility will be used to refinance existing debt associated with the […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
In 2019, senior living providers need get over a “me first” mentality and get collaborative. Occupancy will remain stagnant and workforce challenges will grow more complicated, but changes in the U.S. economy and health care system could alleviate some pressures and create business opportunities. However, to take advantage of opportunities, providers might need to “detonate” […]
The assisted living industry is changing from a hospitality-based model to one incorporating more health care options to allow seniors to age in place. The shift in operational strategy comes as more seniors indicated they prefer assisted living to moving in with family members. The anticipated “silver wave” of baby boomers aging into assisted living […]
Heritage Senior Living is trying out some cutting-edge technology by working with a university—exemplifying an industry trend that has seen other providers do the same. The West Allis, Wisconsin-based senior living provider is partnering with the University of Wisconsin-Milwaukee’s Partners for Health to bring to its residents virtual reality, a new therapy mat, telehealth programs and […]
With unemployment hovering around 4% nationally, senior living providers are getting creative as competition for workers heats up, experimenting with new ways of supporting employees and attracting applicants. For example, St. Louis-based Provision Living has hired life coaches to be available in its buildings, to help staff “break through different obstacles in their life,” Provision […]
Aegis Living Appoints New Chief People Officer Aegis Living has appointed Sandra Preyale as its new chief people officer. In her new role, Preyale will aim to revitalize the company’s recruitment and retention strategies with the continued goal of attracting and retaining top talent. Preyale joins Aegis Living with 30 years of experience as a global […]
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