10 Most-Read Senior Housing News Stories of 2021

While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]

Transactions & Financings: Brookdale’s $200M Senior Note Offering; Ventas Completes $2.3B New Senior Acquisition

Brookdale Senior Living (NYSE: BKD) is taking further steps to restructure its outstanding debt. The Brentwood, Tennessee-based owner and operator of senior housing communities on Tuesday announced plans to offer up to $200 million in convertible senior notes, due on October 15, 2026. The notes are unsecured obligations of Brookdale, and interest will be paid […]

Transactions & Financings: Ventas Prices $500M Senior Notes Offering; HJ Sims’ $44M Refinancing for Aldersgate

Ventas (NYSE: VTR) is raising more money to shore up its financial position in the wake of its acquisition of New Senior Investment Group (NYSE: SNR). The Chicago-based real estate investment trust (REIT) announced a public offering of $500 million in senior notes at 2.5% interest, due in 2031. The notes are being issued by […]

Atria-Holiday Merger, New Senior Deal Has Ventas Positioned for Future Senior Housing Growth

The positive momentum within Ventas’ (NYSE: VTR) senior housing operating portfolio (SHOP) that manifested in the first quarter of 2021 continued into the second quarter and July. New leads and move-ins in the quarter exceeded Q1 2019 levels, with the former setting a new high. Occupancy has improved sequentially for five straight months. And the […]

Atria, Welltower Deals Could Create ‘Holiday 3.0,’ Shake Up Industry

When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]

Holiday CEO: After Years of Workforce Improvement, We Now Aim To Elevate Resident Experience

After years of focusing on workforce initiatives and restructuring relationships with capital partners — and while still battling through the Covid-19 pandemic — Holiday Retirement’s leaders now have their sights firmly set on improving the resident experience. “For an industry that talks a lot about our employees and residents, we don’t make a lot of […]

Atria to Manage 21 Communities for New Senior, Debuts Atria Retirement Brand in US

Atria Senior Living is taking over management of 21 independent living communities owned by real estate investment trust (REIT) New Senior Investment Group (NYSE: SNR). The portfolio marks the U.S. debut of the Atria Retirement brand, which up to this point has operated in Canada as Atria Retirement Canada. The portfolio previously was managed by […]

Capital Senior Living CEO: Increase in Voluntary Move-Outs is Likely Temporary

Capital Senior Living (NYSE: CSU) experienced an uptick in move-outs during the third quarter of 2020, but CEO Kim Lody believes that the factors at play are temporary. “In Q3, as certain markets across the United States experienced escalating Covid-19 cases, the level of move-outs attributable to home- or self-care increased in our portfolio,” she […]

New Senior Sees Operations Stabilize, But Move-Outs Accelerate

New Senior Investment Group’s (NYSE: SNR) move-in and lead generation in the third quarter of 2020 rebounded from the previous quarter’s low, as restrictions on communities eased and operators adjusted their sales and marketing strategies during Covid-19. However, move-outs also increased, and although they remain below historic levels, this is placing pressure on net operating […]