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 […]
Holiday Retirement
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 […]
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 […]
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 (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 […]
New Senior Investment Group (NYSE: SNR) announced Wednesday it received $53 million as part of a lawsuit settlement. The New York City-based real estate investment trust (REIT) received the settlement from its largest investor, private equity firm Fortress Investment Group (NYSE: FIG), its primary operator, Holiday Acquisition Holdings, and members its board of directors. The […]
With occupancy currently under pressure, senior living providers have to be at the top of their sales and marketing game. They must know their consumer base, have a strong brand that translates into an appealing value proposition, and perhaps even reconsider some conventional wisdom. These were among the insights shared by a trio of leaders […]
Following an eventful 2018 that included the bankruptcy of a major skilled nursing tenant, Sabra Health Care REIT (Nasdaq: SBRA) anticipates a quieter 2019 that is focused on fundamentals. Specifically, the Irvine, California-based real estate investment trust will be pushing to de-lever the balance sheet and secure acquisitions, CEO Rick Matros said Monday on a […]
After a year of restructuring and bringing its management in-house, New Senior Investment Group (NYSE: SNR) is entering 2019 with a new focus and, for the first time, some investor guidance. The New York City-based health care real estate investment trust (REIT) reported an $86.6 million net loss in Q4 2018, or a $1.05 loss […]
For the second year in a row, Jimmy Buffett reigns supreme. The most-read article on Senior Housing News in 2018 was a news story about plans for a third Margaritaville active adult community. Last year, the most-read article was about plans for the first Margaritaville development. The sustained interest in these projects suggests that senior […]