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 […]
Ventas (NYSE: VTR) continues to deal with the realities of senior housing supply and demand dynamics, even as the company prepares for what it believes will be a reversal of fortune in that segment of its portfolio over the next five years. The Chicago-based health care real estate investment trust (REIT) reported funds from operations […]
Ventas (NYSE: VTR) has a plan to “pivot to growth” in 2020, and it sees big data and close relationships with its senior housing operating partners as key to that effort. The Chicago-based real estate investment trust (REIT) laid out its multifaceted growth strategy during its investor day presentation in Philadelphia on Tuesday. That strategy […]
Fresh off a new equity partnership with Ventas (NYSE: VTR), Quebec senior living developer and manager Le Groupe Maurice (LGM) is planning to ramp up its operations in the Canadian province of Quebec and may venture further afield. On June 3, the Chicago-based real estate investment trust (REIT) agreed to acquire LGM’s portfolio of 31 […]
Ventas (NYSE: VTR) has agreed to acquire a Canadian senior housing portfolio of 31 existing properties and four in development through an 85%/15% equity partnership with Le Groupe Maurice (LGM). The total portfolio, including the in-progress developments, is valued at $1.8 billion. Ventas’ investment will equal 85% of the total portfolio valuation, as well as […]
Canada’s senior housing sector continues to attract big money from both national and U.S. investors looking to capitalize on the market’s robust opportunities for acquisition and development. For some players, including one Montreal-based senior housing owner-operator-developer, the opportunity is to the tune of more than $1 billion. The reach is so big, that this provider […]
