Brookdale Acquires 8 Properties from NHI for $39 Million

Brookdale Senior Living (NYSE: BKD) dealmaking tendencies in late 2019 have carried over into 2020. The Brentwood, Tennessee-based senior housing owner and operator exercised its option to acquire eight assisted living communities in three states from National Health Investors (NYSE: NHI) for $39.26 million. The acquisition is the latest in a steady stream of deals […]

Transactions & Financings: ORIX-Hunt Real Estate Capital Merger; Diversified’s $103M Portfolio Sale

ORIX USA acquires Hunt Real Estate Capital ORIX Corporation USA completed its acquisition of Hunt Real Estate Capital, creating a commercial real estate finance platform with annual loan production in excess of $9 billion and a servicing portfolio of more than $40 billion. ORIX will combine Hunt into its existing brands, Lancaster Pollard and RED […]

LCS, NHI Team Up to Buy Washington CCRC for $133 Million

LCS and National Health Investors (NYSE:NHI) have joined forces to buy a continuing care retirement community (CCRC) in Washington. The Des Moines, Iowa-based senior living company and the Murfreesboro, Tennessee-based real estate investment trust (REIT) on Tuesday agreed to form a new joint venture to own and operate Timber Ridge at Talus, a “Type A,” […]

Senior Living Executive Forecast 2020: Workforce Crisis Just In First Inning

Though the year is new, the top issues worrying the industry’s leaders are not — particularly the workforce crisis. Staffing is still top-of-mind for executives at companies such as Brookdale Senior Living (NYSE: BKD), National Health Investors (NYSE: NHI) and Senior Star. Labor expenses are climbing for many senior living companies across the U.S., and […]

‘Hard to Believe’: NHI, Operators Pick Up Pieces After East Lake Debacle

Unpaid food and utility vendors. Lapsed registration and insurance. Uninhabitable rooms. Employee payroll issues. Rent checks left undeposited. National Health Investors (NYSE: NHI) CEO Eric Mendelsohn started hearing these kind of complaints from residents and employees at three of the company’s communities last year. “It was just hard to believe,” Mendelsohn recalled in an interview […]

Movers & Shakers: New CFOs for NHI, Compass Senior Living

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

CEO’s ‘Worry List’ Shrinks as NHI Operators Make Progress

National Health Investors (NYSE: NHI) President and CEO Eric Mendelsohn’s “worry list” is shorter now than it was this time last year thanks to progress made by several of its senior housing partners. The Murfreesboro, Tennessee-based health care real estate trust (REIT) saw a steady third quarter this year despite softening occupancy and rising wage […]

Chancellor CEO: Industry Should Be Embarrassed By Some Common Memory Care Practices

Senior living operator Chancellor Health Care is finding success as a growing operator in National Health Investors’ (NYSE: NHI) senior housing portfolio — in part by shaking up tired memory care practices the overall industry “should be embarrassed about.” The Windsor, California-based company is particularly unique in that it’s changing the traditional senior living model […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

Movers & Shakers: New Springpoint CIO; HRA Names Sales and Marketing VP

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]