Senior Living Dealbook: LTC Completes $160M Acquisition; NHI Invests $107.7M in SHOP Expansion 

Transactions LTC completes $160M acquisition LTC Properties (NYSE: LTC) is accelerating its senior housing investment strategy with a $160 million acquisition and divesting two non-senior housing operating portfolio portfolios. The three communities included with the acquisition include one community in Florida that will be operated by Charter Senior Living and two communities in Virginia and […]

LTC SHOP Growth in 2026 Reflecting ‘Dramatic Shift’ From Two Years Ago 

Leaders with LTC Properties (NYSE: LTC) are continuing the company’s pivot to senior living with a strategy of acquiring communities and adding them to its senior housing operating portfolio. The Westlake Village, California-based real estate investment trust (REIT) expects its senior housing operating portfolio (SHOP) to account for 40% of pro forma annualized net operating income (NOI) by the end of September, a quarter ahead […]

Speed to Deal: REITs Dominate Off-Market Landscape for Senior Living M&A

This story is part of your SHN+ subscription Senior living REITs are using their scale and relationships to notch off-market acquisitions while new development remains tough to pencil. In the first quarter of 2026, Welltower (NYSE: WELL) sourced 37 of its 41 transactions in off-market arrangements, while approximately two-thirds of Ventas’ (NYSE: VTR) $1.7 billion […]

REITs Kickstart Active Year For Senior Living M&A, Driven by SHOP Strategies

This story is part of your SHN+ subscription Senior living REITs are taking their M&A momentum into 2026 with new deals or expectations to grow this year. If their stated plans are any indication, it will be another hot year for senior living dealmaking, but new development remains a big open question. In earnings calls […]

Pegasus Senior Living Adds 10 Communities, Surpassing 50-Community Mark

Pegasus Senior Living has grown to over 50 communities thanks to a new agreement to manage 10 former Brookdale Senior Living (NYSE: BKD) properties in Texas. Effective April 1, Pegasus will assume management of the 10 properties located in Houston, Dallas-Fort Worth, and the Austin-San Marcos corridor known as the Texas Triangle. With the portfolio […]

LTC Properties Seeks Aggressive SHOP Growth in 2026 After Portfolio Pivot

LTC Properties (NYSE: LTC) plans to make $600 million in acquisitions by the mid-point of this year as the company continues to grow its senior housing operating portfolio. Late in 2024, LTC announced a pivot toRIDEA structures, transforming from a “lower growth” triple-net lease model into a “faster growing SHOP-focused REIT,” according to Co-CEO Pam […]

Welltower Increases Exposure to SHOP, CEO Warns It’s Harder Than It Looks

Welltower (NYSE: WELL) has in recent years transformed itself with RIDEA as the cornerstone of that change —but building a senior housing operating portfolio is harder than it looks, according to CEO Shankh Mitra. Senior living REITs including LTC Properties (NYSE: LTC), National Health Investors (NYSE: NHI), Healthpeak (NYSE: DOC) and CareTrust (NYSE: CTRE) are […]

Senior Living Dealbook: LTC Starts 2026 with $108M Acquisition; HealthyLifetime Spins Off from University of Michigan

Transactions LTC starts 2026 with $108M acquisition LTC Properties (NYSE: LTC) announced a $108 million senior housing operating portfolio acquisition to kick off 2026. The three-property portfolio in Atlanta, Georgia consists of around 400 independent living, assisted living and memory care units stabilized at 92% occupancy, according to a press release. The properties were managed […]

Senior Living Operators Embrace Player-Coach Leadership Models as Industry Grows More Complicated

This story is part of your SHN+ subscription The next generation of senior living leaders is emerging with extensive experience at the community level, commitments to wellness and a willingness to embrace new technology. Recent leadership changes at Civitas Senior Living and Harmony Senior Services show how companies are redefining the CEO role to meet […]