Keppel Corporation — the Singapore-based international conglomerate that holds a 50% stake in Watermark Retirement — has tapped industry veteran Kai Hsiao to lead an expansion of its senior living portfolio in the United States and other global markets. Hsiao joined Keppel Capital as CEO of Senior Living US in January 2022. Most recently, he […]
Ventas closes $700M perpetual life vehicle Ventas (NYSE: VTR) closed its new life science and health care real estate fund, a perpetual life vehicle that focuses on investments in North American core and core plus life science, medical office and senior housing real estate. The fund has more than $700 million in assets under management […]
Watermark Retirement Communities, one of the largest senior housing operators in the United States, has a new equity partner to help drive growth in both U.S. and international markets. Keppel Corporation—a Singapore-based company known for building offshore oil rigs—is acquiring a 50% stake in Watermark for around $77.3 million. In addition to the company’s substantial […]
