Following the news earlier this week of a major leadership shakeup that ushered in a new CEO, it was announced that Holiday Retirement has secured a $1.27 billion refinancing. Walker & Dunlop, Inc. (NYSE: WD) originated the refinancing for the nation’s largest independent living provider. It was the largest transaction closed in Walker & Dunlop history. The […]
Holiday Retirement
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 […]
After decorating our Christmas tree here at the Senior Housing News office at the end of last week, we got to work bringing you some of the latest happenings in the industry. Readers tuned in to learn about potential restrictions faced by non-traded real estate investment trusts (REITs) under a proposed Department of Labor rule […]
There’s a storm brewing in senior housing: Between wage pressures and work environments that can take an emotional and physical toll, senior living providers are scrambling to recruit and retain staff. A dwindling labor force, though, has many looking to immigration reform as senior living’s saving grace. The stark conditions in the sector have prompted […]
In yet another demonstration of the huge scale Brookdale Senior Living (NYSE: BKD) achieved by acquiring rival Emeritus last year, the company seized the No. 1 spot—with a bullet—on the American Seniors Housing Association’s annual rankings of the largest senior housing owners in the United States. Brentwood, Tennessee-based Brookdale now owns 976 properties, totaling 82,356 […]
Goldman Sachs naming Brookdale Senior Living (NYSE: BKD) as one of six top acquisition targets in the health care sector earlier this week has refueled conversation about the future of the major senior living provider. But the Goldman report left one big question unanswered—who might the buyer be? No potential buyers stand out from the […]
Maintaining fair unit prices while still attracting leads proves quite the balancing act in the senior housing industry. Slashing rents to draw in occupants could mean a revenue hit, but keeping them too high or under wraps might make prospects hesitant to move forward with the process. A survey of recent tour-goers conducted by third-party […]
When it comes to the view from the C-Suite, senior living leaders inevitably see a mixed landscape. While they may take heart from favorable demographics and other large-scale trends, they also perceive threats to long-term success. One of these threats, in the estimation of some prominent executives, is the deep reluctance of seniors in the United […]
DiNapoli Capital Partners Acquires Topanga Park Assisted Living In Canoga Park, California DiNapoli Capital Partners has acquired Topanga Park Assisted Living in Canoga Park, California in a $23.4-million cash transaction facilitated by JCH Consulting Group. The deal included both the business and the Topanga Park retirement facility itself, complete with 90 units and 120 licensed […]
Real estate investment trust New Senior Investment Group Inc. (NYSE: SNR) has completed its $640 million acquisition of 28 independent living properties from Holiday Retirement. The transaction was previously announced in June. The properties, are 100% private pay and span 3,298 units across 21 states. The properties had a 89.8% occupancy rate as of July […]
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