Eclipse CEO: 2020 a Reset Year for Senior Living Industry

With millions of baby boomers reaching retirement age, an evolving landscape for pricing, a red-hot labor market and the looming potential for multiple avenues of disruption, it’s clear the senior living industry faces a new chapter. All of those forces will shape the industry for years to come, requiring that investors, owners and operators be […]

Columbia Pacific Scales Middle-Market Hawthorn Platform, Pursues More Urban Senior Living

Fresh off opening a senior living highrise it developed in its home base of Seattle, Columbia Pacific Advisors is pursuing further urban projects while also scaling up its portfolio of middle-market Hawthorn communities. Since joining Columbia Pacific in 2012, Managing Director Todd Seneker has led the development, acquisition and repositioning efforts of over 25,000 senior […]

Dynamic Pricing Drives Best-Ever Margin for Sabra’s Enlivant Portfolio

Thanks in large part to dynamic pricing that took effect over the summer, Sabra Health Care REIT (Nasdaq: SBRA) just posted best-ever quarterly revenue and margin numbers for its joint venture portfolio of Enlivant senior housing communities. Irvine, California-based Sabra in 2017 acquired a 49% stake in the Enlivant portfolio jointly owned with private equity […]

Transactions & Financings: CareTrust’s Memory Care Expansion; SNH-Five Star Restructuring

CareTrust expands memory care portfolio with $12.5M California acquisition CareTrust REIT (Nasdaq: CTRE) added to its portfolio of memory care communities with the $12.5 million acquisition of Vista del Lago, a 42-unit/96-bed community in San Diego. The seller was Torrey Pines Development Group. The Cushman & Wakefield Senior Housing Capital Markets team of Vice Chairman […]

Seasons Living Raises Its Game With New Equity Partner, Rebrand, Portfolio Growth

It’s been a big year for Seasons Living, which added a new president, secured a private equity partner, rebranded, and more than doubled its portfolio size. Now, the Lake Oswego, Oregon-based operator is pursuing growth in new directions, including a project with a Hawaiian health care system and a middle-market model in the works. When […]

Largest Senior Living Providers List Grows, No Surprises at the Top

There are no notable surprises at the top of Argentum’s 2019 list of the largest providers in senior living, although there are some new additions to the expanded list. The industry association’s overall list now includes 140 providers and 624,795 units, compared to last year’s total of 125 providers and 586,662 units. For the first […]

Assisted Living Struggles Continue to Weigh on New Senior

New Senior Investment Group (NYSE: SNR) continues to make progress on its turnaround agenda, and is prioritizing assisted living, which continues to struggle with oversupply and labor costs. The performance disparity between the New York City-based real estate investment trust’s independent living and assisted living segments was on display during its Q2 2019 earnings call […]

Changemakers: David Inns, CEO of GreatCall

Perhaps nothing is transforming senior living more than technology, and few tech companies in the space have matched the success and impact of GreatCall, which has been led by changemaking CEO David Inns since 2006. After being acquired by Best Buy for $800 million last year, San Diego-based GreatCall is in a new league. Its […]

NHI ‘Relieved’ as 9 Properties Get New Operators, Acquisition Pipeline Grows

National Health Investors (NYSE: NHI) is pivoting to focus on acquisitions after a busy quarter that included nine distressed senior living properties transitioning to new operators. “Transition properties can be distracting to our normal investment activity, so our rapid repositioning means we’re back to making accretive investments full time,” NHI CEO Eric Mendelsohn said Tuesday […]

Ventas ‘Delighted’ by Senior Housing Trends, Anticipates ‘Pivot to Growth’

Ventas (NYSE: VTR) hit the ground running in the first quarter 2019 as it entered what CEO Debra Cafaro called a “pivot to growth,” which she anticipates will be fueled by increasingly favorable senior housing supply-demand dynamics. However, in the meantime, Ventas’ senior housing operating portfolio (SHOP) performance continues to be affected by elevated supply […]