Movers & Shakers — People and Positions for December, Part I

Primrose Retirement Community Names Executive Director Primrose Retirement Community of Mishawaka, Ind., has announced that Wendy White has been named executive director.   White, who began her duties on Nov. 17, will oversee the day-to-day operations of the community.  She has worked in the geriatric health field for more than 30 years, serving as a […]

Health Care REIT: No Predictability in Entry-Fee CCRCs

While some of the largest senior housing investors have been ramping up interest in entry-fee continuing care retirement communities (CCRCs), for Health Care REIT (NYSE: HCN), growing that sector of its portfolio is of minimal concern, according to several of the company’s top executives during an earnings call this week. Whereas other investors have increased […]

Movers & Shakers — People and Positions for November, Part I

Senior Tech Company Hires Vice President of Client Solutions GeriJoy, a senior tech company that provides 24/7 dementia oversight and companionship, recently announced it has hired Jim Wambach as vice president of client solutions. Prior to GeriJoy, Wambach founded Sesen Elder Care, a provider of in-home care and care hamangement. At Sesen, Wambach was a leader in […]

Heard at NIC: The Top 10 Buzzwords in Senior Housing

The biggest names in senior living converged at this year’s National Investment Center for Seniors Housing and Care (NIC) conference in Chicago. While the panels’ topics varied as widely as the operators, developers, REITs and third-party vendors who attended, a few key subjects permeated many of the senior living sessions. SHN compiled the following list […]

In the Pipeline: Senior Housing Construction Projects (10/2/14)

Construction: Planned Development Group Plans Construction of Henderson, Nevada Project to Include Senior Housing Developers of a massive, $1.2 billion multi-use development including a senior housing component are readying to break ground in Henderson, Nevada, near Las Vegas.  The long-planned project has been met with its share of hurdles, but local reports indicate the project […]

Health Care REIT Completes New $1.1 Billion Stock Offering

The latest in a series of power plays from Health Care REIT (NYSE: HCN), the company announced today it has completed its common stock offering valued at $1.1 billion—its second such offering valued over a billion dollars in the past several months.  The net proceeds of the offering, which included 17,825,000 shares at a price […]

Movers & Shakers — People and Positions for September, Part III

Mainstreet Names 5 New Staff Members to Join Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of post-acute health care properties, has announced five new members will join its team. Michael Klingl has joined Mainstreet as a development director. Klingl most recently worked for GreenbergFarrow in Chicago, where he served as a senior development manager for more […]

HCN’s New Big Bet on Post-Acute Care Signals Industry Sea Change

Health Care REIT (NYSE: HCN) has long invested in skilled nursing properties, but the REIT’s recent $1.4 billion partnership with Mainstreet signals a shift in the investor’s strategy of late that’s representative of a much larger transition for health care in general. More specifically, the investment points to broader change on the horizon for skilled […]

In the Pipeline: Senior Housing Construction Projects (9/11/14)

Construction: Planned Houston CCRC Announces $56 Million Expansion  The Buckingham, a 501(c)3 non-profit continuing care retirement community in Houston, Texas, recently announced it will undergo a $56 million expansion that will add 187 total residences to its existing campus. Sponsored by Senior Quality Lifestyles Corporation (SQLC), The Buckingham—a Type A CCRC—currently has 204 independent living […]

Acquisition Treadmill Presents Problems for Big 3 REITs

The growth of the Big Three health care REITs is clear, as they have flooded the senior housing space with a slew of recent deals. But this continued rapid growth highlights risks that may force REITs to change their investment strategies, Fitch Ratings suggests. Recently, the REITs have shuffled the industry with billion-dollar transactions focused […]