One month into 2021, senior housing occupancy sits at all-time low levels, and it likely will take a year or more for census to recover to pre-pandemic levels. That’s the take of three industry leaders who participated in the January 29 webinar on the financial outlook for senior housing in 2021, hosted by Senior Housing […]
More senior housing owners plan to sell assets in 2021 compared to recent years, which is likely an indication of the steep toll that Covid-19 has taken on the industry. And as smaller players head for the exits, regional operators are expected to step up as buyers. About 600 subscribers responded to Senior Housing News’ […]
Sales and operator transitions Elevation Financial Group acquires Massachusetts assisted living community for $4M Elevation Financial Group acquired Wingate Residences at Brewster Place, an assisted living facility in Brewster, Massachusetts. The purchase price was $4 million and facilitated through Elevation Real Property Fund VII. The community ceased operations in 2019. Elevation plans to reposition the […]
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Three big names in senior housing finance — Hunt Real Estate Capital, Lancaster Pollard and RED Capital Group — now are unified under a single brand name, Lument. The three firms were acquired individually by ORIX USA, a division of international financial services group ORIX Corporation. ORIX took full ownership of RED in 2016; acquired […]
