If the recent performance of CNL Healthcare Properties is any indication, private real estate investment trusts (REITs) aren’t struggling nearly as much with senior housing occupancy as their publicly traded counterparts. The Orlando, Florida-based non-traded REIT, which is sponsored by private investment management firm CNL Financial Group, increased same-store net operating income across its portfolio […]
New Senior Investment Group
Like other companies in the senior housing space, New Senior Investment Group (NYSE: SNR) experienced bumps in the road related to occupancy, new supply and heightened competition last quarter. Some of the challenges faced by the New York-based real estate investment trust (REIT)—especially where occupancy is concerned—can be traced back to management changes made by its […]
It should come as no surprise that leaders of the largest publicly traded real estate investment trusts in senior housing—and the nation’s largest provider—topped this list of highest paid senior living executives in 2016. Company leaders at Welltower (NYSE: HCN), Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation in 2016, which includes base salary, […]
Happy Monday, Senior Housing News readers! Here are several stories you simply must read before jumping head on into this week: Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase the 79-property portfolio of Vancouver, Washington-based Hawthorn Retirement Group. Columbia Pacific Advisors’ planned acquisition of Hawthorn Retirement likely commanded a […]
A shareholder of New Senior Investment Group (NYSE: SNR) is alleging that some of the company’s executives and board members unfairly used a $640 million acquisition of Holiday Retirement properties to line their own pockets at the expense of the company’s investors. That’s the gist of a lawsuit that New Senior shareholder John Cumming filed in Delaware Chancery […]
After 45 years, the nation’s largest independent living provider is abandoning the management model that has long set it apart. Lake Oswego, Oregon-based Holiday Retirement has for decades employed “live-in managers” in each of its independent living communities. Different from traditional executive directors, these employees actually lived in Holiday communities, and, consequently, were ready to address […]
Long-standing fears of oversupply are coming to a head for some of the nation’s largest senior living providers, raising questions about which markets and types of properties are most affected. Those impacted by new competitors are facing occupancy and pricing pressures, with some senior living providers discounting their rates in an effort to keep occupancy […]
In picking its first CEO, Blue Harbor Senior Living has found a leader with deep industry experience to take the reins as the company grows in new directions. Tana Gall became CEO of the Portland, Oregon-based management company effective July 1. In the past, Gall served as president both of Merrill Gardens and Leisure Care, […]
New Senior Investment Group Appoints Chief Accounting Officer New Senior Investment Group (NYSE: SNR) appointed Bhairav Patel as the company’s chief accounting officer, effective March 30. Patel is a managing director in the private equity group of the company’s manager, FIG LLC, which is an affiliate of Fortress Investment Group LLC. Patel joined Fortress in […]
Capital One Appoints SVP, Chief Underwriter for Multifamily Finance Capital One announced the appointment of Cortney Mauldin as senior vice president and chief underwriter for multifamily finance. In this role, Mauldin will be responsible for the oversight and quality control of all underwriting functions related to Federal Housing Administration (FHA) insured transactions, including health care and senior […]
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