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 […]

Welltower Reportedly Sells Merrill Gardens Portfolio for About $700 Million

Recent local news reports suggest that Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL) has sold its stake in all 10 communities in its senior housing operating portfolio operated by Seattle-based Merrill Gardens. Public records in Santa Clara County, California, show that Welltower recently sold a Merrill Gardens community located in San Jose and […]

Independent Living Proves Resilient to Covid-19 Pressures

When the novel coronavirus first swept the United States in late March and April, the pandemic raised fears about vulnerabilities for independent living, but this part of the senior housing continuum has so far proven resilient. In the early days of Covid-19, the better health, mobility and independent nature of residents made social distancing and […]

Independent Living Faces Covid-19 Vulnerabilities As Less Needs-Based Product

Compared to assisted living and memory care, independent living and active adult communities can be harder to secure during the coronavirus pandemic. The better health, mobility and independent nature of their census can make social distancing a bigger ask, and the leaner staffing necessary to operate these communities means residents have less support in the […]

Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, OntarioThe Bradley Gracious Retirement Living, an independent living community in […]

Free From Assisted Living Woes, New Senior Charts Path Forward

Now unburdened by a troubled assisted living portfolio, executives with New Senior Investment Group (NYSE: SNR) believe that the company is on better footing. New Senior is currently focused on managing its operator concentration, strengthening its balance sheet and growing. The company believes that its independent living portfolio is well-positioned to serve the private-pay middle […]

Movers & Shakers: Hutchens Exits New Senior Board; Discovery Names Resident Experience 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 […]