On Sunday, Welltower (NYSE: WELL) announced it is acquiring a portfolio of communities managed by Amica Senior Lifestyles in Canada for a deal equivalent to almost $3.2 billion USD. Welltower is with the deal gaining 38 “ultra luxury” communities and nine development parcels along with a minority ownership interest in its new operating partner. But […]
Le Groupe Maurice
In 2024, senior living operators saw improved occupancy and margin growth but many challenges remain as the industry looks to live out the oft-said mantra of “thrive in ’25.” Many in the industry, especially in the last two years, uttered the phrase, “survive to ’25,” stressing the many challenges operators face in providing care and […]
Canadian senior living operator Le Groupe Maurice has built a portfolio of high-performing communities geared toward active older adults in Quebec, setting the stage for a much wider expansion in the years ahead. As of this moment in 2024, the company’s average occupancy lies at about 98%, with waitlists at most of its communities. With […]
Ventas (NYSE: VTR) is seeking to further ramp up its investments in senior living in the months ahead as it continues to push margins and occupancy higher in its senior housing operating segment. In the third quarter of 2024, Chicago-based real estate investment trust (REIT) invested nearly $937 million to acquire 26 properties for its […]
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: […]
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