Watermark Retirement Communities founders David Freshwater and David Barnes are passing the leadership baton. The Tucson, Arizona-based senior living operator on Monday announced it named Paul Boethel as its new CEO. As CEO of Watermark, Boethel will initially focus on “performance-driven growth,” the operator noted. In conjunction with the leadership change, Keppel on March 19 […]
Keppel
Capital providers old and new are eyeing the senior living industry with interest, and they are searching for new opportunities to put their money to work – that’s the good news, according to Kai Hsiao, CEO of Senior Living at Keppel Capital. The bad news is that debt and financing are still “TBD” and obstacles […]
This article is part of your SHN+ subscription This week Brookdale Senior Living (NYSE: BKD) announced it will buy 41 of its leased communities for $610 million, increasing the company’s share of owned and managed units to about two-thirds of its total portfolio. Brookdale funded the transaction – more precisely, three separate deals with different […]
This article is part of your SHN+ subscription For years, I have assumed that relatively few senior living operators had ambitions to grow their holdings beyond the U.S. and Canada. In 2024, I no longer hold that assumption. On Tuesday, I caught wind of Thrive Senior Living’s plans to grow a new joint venture independent […]
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 […]
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