One of the largest and priciest senior housing deals of the year has been Columbia Pacific Advisors’ acquisition of 79 Hawthorn Retirement Group properties, announced in June. That transaction also contributed to a banner day for Berkadia on Sept. 7, when the firm’s Seniors Housing Read More »
New Senior to Sell Holiday, LCS Properties for $296 Million
New Senior Investment Group (NYSE: SNR) is trimming its portfolio by undertaking $296 million in asset sales, the New York City-based real estate investment trust announced Thursday. The transactions involve a $186 million sale of six properties triple-net leased to Life Care Services (LCS) and a $109.5 Read More »
Irma Tests Emergency Response of Holiday, Other Senior Living Providers
Hurricane Irma pummeled the Sunshine State over the weekend—and started to test senior housing companies’ natural disaster protocols in the process. In South Florida, 1 in 5 residents is older than 65, and in three counties projected to be hit hardest by Irma, there are Read More »
Holiday’s Bill Thomas Shares Details About New Home Care Platform
Holiday Retirement is divulging more details about Milo, its new home care venture—including pricing information. Bill Thomas, M.D., a geriatrician and the driving force behind Milo, discussed the motivations for the new home care platform in an hour-long Facebook Live event on Monday. Known for establishing the Read More »
Must-Read News: Kindred SNF Sale on Track, Occupany and Oversupply Struggles
Happy Monday, Senior Housing News readers! Sunday was National Friendship Day, and we’re celebrating with the story of four high school best friends that now live as neighbors on the seventh floor of the Brookdale Niles independent living community in Niles, Illinois. The 91-year-olds—Rochelle Schpak, Read More »
New Senior Occupancy Hit by Holiday Management Shift
Like other companies in the senior housing space, New Senior Investment Group (NYSE: SNR) experienced bumps in the road related to occupancy, new supply and heightened competition last quarter. Some of the challenges faced by the New York-based real estate investment trust (REIT)—especially where occupancy is Read More »
Holiday Launches Into Home Care With New ‘Milo’ Platform
Holiday Retirement, the nation’s largest independent living provider, is making a play into the home care space through a new venture called Milo, Senior Housing News has learned. Bill Thomas, M.D., known for pioneering the Green House model of long-term care, is one of the Read More »
Must-Read News: A Place for Mom Sold, San Diego Splash
Happy Monday, Senior Housing News readers! Last week was a short one—and, let’s face it, you probably didn’t spend your Fourth of July catching up on the latest news. Luckily, we’ve got you covered. Here’s all of last week’s must-read news you may have missed: Read More »
Tips for Senior Living Providers Shaking Up Their Operations
Many senior housing providers make major changes—whether to their business model or care strategies—in the hopes of improving their bottom lines or better complying with various industry regulations. Unfortunately, these major changes also tend to lead to something else: confused, disgruntled residents and family members. Read More »
Must-Read News: Columbia Pacific’s $2 Billion Senior Housing Play
Happy Monday, Senior Housing News readers! Here are several stories you simply must read before jumping head on into this week: Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase the 79-property portfolio of Vancouver, Washington-based Hawthorn Retirement Group. Columbia Read More »
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