Brookdale Acquires 18-Property HCP Portfolio for $405M, Exits Joint Venture

Brookdale Senior Living (NYSE: BKD) has inked several new transactions with HCP (NYSE: HCP) that both companies say better position them for the future. The multiple transactions will see Brookdale assume ownership of an 18-property leased portfolio for $405 million, step away from a joint venture and reconfigure lease obligations, the companies announced Tuesday. The […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

[Upcoming Webinar] Senior Living Development: The Right Tech at the Right Time

Date: September 5, 2019Time: 1:00 PM CDT – 2:00 PM CDTRegister Now The technology landscape for senior living continues to evolve with an ever-growing list of platforms and services to optimize the experience for staff and residents alike. Yet the technology can fall short without the necessary infrastructure in place to support it. Owners and […]

[Upcoming Webinar] Senior Living Development: The Right Tech at the Right Time

Date: September 5, 2019Time: 1:00 PM CDT – 2:00 PM CDTRegister Now The technology landscape for senior living continues to evolve with an ever-growing list of platforms and services to optimize the experience for staff and residents alike. Yet the technology can fall short without the necessary infrastructure in place to support it. Owners and […]

Transactions & Financings: White Oak’s 4-Property Portfolio Acquisition; Arbor Company’s $90M Credit Facility

White Oak acquires 4 property senior housing portfolio White Oak Healthcare REIT completed the acquisition of a four community, 482-bed senior housing portfolio which included two communities in Arkansas, one in Florida and one in Pennsylvania. The seller was Baltimore-based Capital Health Group (CHG), which retains a minority stake in the portfolio, completed renovations to […]

[Upcoming Webinar] Senior Living Development: The Right Tech at the Right Time

Date: September 5, 2019Time: 1:00 PM CDT – 2:00 PM CDTRegister Now The technology landscape for senior living continues to evolve with an ever-growing list of platforms and services to optimize the experience for staff and residents alike. Yet the technology can fall short without the necessary infrastructure in place to support it. Owners and […]

Life Care Services Credits Sales Revamp For Recent Occupancy Gains

Life Care Services is seeing better occupancy and increased move-ins after refocusing its sales culture last year. The management arm of Des Moines, Iowa-based LCS reported a 23% same-store occupancy bump for its rental communities, compared to this time last year. Life Care Services also said that move-ins for those communities were up 13% from […]

Summit Vista CEO Erickson: We Want to Build Innovative Life Plan Communities Across the Country

Drawing on a deep background in senior living, Mark Erickson is the CEO and executive director of Summit Vista, the first entrance-fee life plan community in Utah. Erickson has helped Summit Vista forge an innovative partnership with health system Intermountain and attract a younger resident, and ultimately, he would like to open similar life plan […]

LCS Employee Research Nets Top Marks of Staff Retention

New research sheds light on some of the key reasons senior living employees stay in their jobs. And those who feel they make a difference; are positively recognized for their contributions; and trust their peers and supervisors may stick around longer than those who don’t. The research, conducted by senior living research firm Holleran Consulting […]