This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]
Alain Champagne is the new president and CEO of Canadian senior living company and Ventas (NYSE: VTR) partner Le Groupe Maurice, the company has announced. Champagne, who is currently the CEO of Canadian drug store company Jean Coutu Group, is due to assume his new role in October. He is succeeding current president and company […]
Occupancy and rate growth among operators in Ventas’ (NYSE: VTR) senior housing portfolio helped the company see “outstanding” net operating income growth in the first quarter of 2022. The Chicago-based real estate investment trust (REIT) reported a 14.2% gain in net operating income (NOI) growth for its senior housing operating portfolio (SHOP) in 1Q22, excluding […]
As leads reach heights not seen since early 2020, leaders with Ventas (NYSE: VTR) believe the company is well-positioned to see the upside of the ongoing senior housing recovery. And looking ahead to the rest of the year, the company’s executives are “expecting significant revenue growth” to the tune of 10% in the first quarter, […]
By moving to acquire New Senior (NYSE: SNR) in a $2.3 billion transaction, leaders with Ventas (NYSE: VTR) made good on recently stated intentions. “We believe in the recovery story and are prepared to put our money where our mouth is,” Ventas CEO Debra Cafaro said at the Nareit conference on June 9. The New […]
Demand is returning to senior housing at a rate that Debra Cafaro, chairman, president and CEO of Ventas (NYSE: VTR), did not anticipate. “We’ve been very surprised [at] the upside [of] the demand that has already manifested itself so close on the heels of the vaccine,” Cafaro said during a presentation at the Nareit REITweek: […]
Le Groupe Maurice has burnished its reputation by developing, owning and operating large senior housing communities in the Canadian province of Quebec — but the company also believes its model would work in the U.S., despite differences between the two countries. The reason why is simple, according to Le Groupe Maurice Founder and President Luc […]
Robust senior housing acquisition activity is likely to continue into 2020, driven by the continued low interest rate environment as well as the increased focus on middle-market products and the creation of multi-brand portfolios. That middle-market focus is also driving more interest from big players in secondary and tertiary markets, which are friendlier to this […]
Ventas’ (NYSE: VTR) senior housing portfolio (SHOP) performance has lagged throughout 2019. That performance took a turn for the worse in the third quarter of 2019. A combination of market dynamics, particularly on pricing, surprised Ventas’ operating partners in Q3. Those conditions worsened over the course of the quarter, with occupancy taking a “precipitous leg […]
About six months ago, Le Groupe Maurice (LGM) founder and CEO Luc Maurice received an offer he could not refuse — however much he wanted to. The private equity investors in Le Groupe Maurice were going to buy Maurice out, to the tune of nearly $1 billion. He had no choice but to take the […]
