10 Quotes that Capture 2021 and Suggest What’s Next for Senior Living

One year ago, vaccine clinics were just getting underway in senior living communities, raising hopes for a better year ahead after the devastating toll exacted by Covid-19 in 2020. While Covid-19 vaccines have been a gamechanger for senior living providers, the quotes below reflect that 2021 presented plenty of daunting challenges, including unprecedented labor pressures. […]

13-Property Senior Housing Sale Facilitated by LTC Properties’ $60 Million Financing

A 13-property senior living portfolio is changing hands, thanks in part to $60 million in financing from LTC Properties (NYSE: LTC). “On the heels of our recent announcement of $46 million in investments through a variety of loan vehicles, this structured finance investment is another example of our ability to provide operators with the financing […]

LTC Properties CEO: Labor Woes Are Preventing Occupancy Growth

Senior housing and care operators are “working constantly and creatively” to overcome staffing challenges, but workforce issues are constraining occupancy growth, according to Wendy Simpson, CEO of LTC Properties (NYSE: LTC). “We’ve had some of our assisted living operators say they closed a floor and are not opening up the floor until they can get […]

Transactions & Financings: LTC Settles With Senior Care Centers and Abri Health Services; Terwilliger Plaza’s $155M Bond Issuance

The relationship between LTC Properties (NYSE: LTC) and two of its bankrupt tenants has come to an end. The Westlake Village, California-based real estate investment trust (REIT) announced it reached settlement agreements with Senior Care Centers and Abri Health Services. LTC agreed to pay the skilled nursing providers $3.25 million in exchange for their assistance […]

Senior Lifestyle Moves Forward After Shedding More Than 50 Properties

Having transitioned out of 50-plus communities in two portfolios over roughly the last year, Senior Lifestyle Corp. is now rebuilding scale while continuing to navigate the challenges of Covid-19. The Chicago-based operator — which currently manages around 120 communities — is making progress on both those fronts, CEO Jon DeLuca and Vice Chairman/Chief Investment Officer […]

Juniper Adds 8 Communities, Forges New Relationship with Columbia Pacific

Juniper Communities is in expansion mode, entering the Texas market for the first time while also taking over management of communities in Pennsylvania and New Jersey. The moves add 404 assisted living units, 46 memory care units, 140 independent living units, and 156 skilled nursing beds to the company’s portfolio, which now totals 28 communities […]

The New Pro Forma: Senior Living Developments Face Longer Lease Ups, Rising Costs

This article is an exclusive feature available as a part of your subscription to SHN + Senior housing developers and operators are encouraged by occupancy gains in recent months. But those stakeholders are still taking a cautious approach to underwriting development and lease-up pro formas for newly opened communities and ground-up projects, and in some […]

LTC Expands Juniper, Oxford Relationships as Senior Lifestyle Exit Nears Completion

LTC Properties (NYSE: LTC) has nearly exited its relationship with Senior Lifestyle Corp., expanding its partnerships with Juniper Communities and Oxford Senior Living in the process. LTC — a real estate investment trust (REIT) based in Westlake Village, California — decided before the Covid-19 pandemic to transition its portfolio operated by Chicago-based Senior Lifestyle, one […]