Senior Living Begins a ‘Decade of Disruption’

As recession fears let up and historically low occupancy trends turn positive, the senior living industry may be able to rest a little easier about its prospects for 2020 — but it shouldn’t rest on its laurels, either. That’s because many of the disruptive forces that have molded the industry in recent years aren’t going […]

In ‘Mosh Pit’ of Senior Housing Challenges, Labor Expenses Wreak Havoc

The senior living industry is facing challenges on all fronts, including ongoing oversupply pressures, broken capital structures and aging properties that are becoming obsolete. “It’s a mosh pit of things going on right now,” SRG Senior Living President and CEO Michael Grust told Senior Housing News. Solana Beach, California-based SRG has a portfolio of about […]

LCS, NHI Team Up to Buy Washington CCRC for $133 Million

LCS and National Health Investors (NYSE:NHI) have joined forces to buy a continuing care retirement community (CCRC) in Washington. The Des Moines, Iowa-based senior living company and the Murfreesboro, Tennessee-based real estate investment trust (REIT) on Tuesday agreed to form a new joint venture to own and operate Timber Ridge at Talus, a “Type A,” […]

Luxury Highrise CCRC The Clare Sold for Reported $105M

A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]

Life Care Services Tops J.D. Power Ranking of 8 Large Senior Living Providers

Life Care Services has the most satisfied residents among eight large industry competitors, according to a new study from global marketing information services company J.D. Power. Des Moines, Iowa-based Life Care Services, an LCS company, took the top spot, followed by McLean, Virginia-based Sunrise Senior Living; Newton, Massachusetts-based Five Star Senior Living (NYSE: FVE); and […]

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 […]