As 2023 enters its second quarter, the year is shaping up to be a rollercoaster ride for the senior housing sector. After a slew of bad news, the last week brought positive headlines. Brookdale (NYSE: BKD) improved its forecast for Q1 financial results, and NIC MAP Vision data showed that sector-wide occupancy has been surprisingly […]
Discovery Senior Living and White Oak Healthcare REIT have acquired a 10-building portfolio, which will be operated by Discovery as part of the provider’s strategy of expanding through the creation of largely independent regional management companies. The sale, coming in at more than $100 million, includes communities in Louisiana, Mississippi and South Carolina and contains […]
Discovery Senior Living is taking on 19 former Elmcroft communities operated by soon-to-close Eclipse Senior Living, and creating a new management company along with two new regional brands. As part of taking on management of the communities, Discovery is turning its TerraBella regional brand name into a regionally focused, wholly owned subsidiary senior housing management […]
Discovery Senior Living has tapped Hilary Bullard to be president of its new Morada Senior Living brand. Bullard comes from Denver-based real estate investment trust Healthpeak (NYSE: PEAK), where she was vice president, senior housing asset management. Prior to that, she was an executive director with JPMorgan Chase, overseeing senior housing and multifamily assets. The […]
