Real estate investment trust Welltower (NYSE: WELL) has tapped Frontier Management to take over operations of 20 memory care properties currently operated by Silverado. The transition will take place over the next few weeks, and Frontier’s signage should be on the buildings by June 30, according to an internal Silverado memorandum obtained by Senior Housing […]
National Health Investors (NYSE: NHI) is pivoting to focus on acquisitions after a busy quarter that included nine distressed senior living properties transitioning to new operators. “Transition properties can be distracting to our normal investment activity, so our rapid repositioning means we’re back to making accretive investments full time,” NHI CEO Eric Mendelsohn said Tuesday […]
The LaSalle Group, a Dallas-based development company with a focus on senior living, has voluntarily filed for Chapter 11 bankruptcy protection. The company is owned by Mitch Warren, who until recently also served as CEO. He has now stepped down from that role to smooth the way for a restructuring, he told Senior Housing News. […]
In the midst of industry headwinds, The LaSalle Group is focused on business basics in 2019 — but the Dallas-based company has some new initiatives underway as well. Notably, it is rolling out a new brand called “The Whitley” and is forging ahead with technology initiatives to streamline sales and marketing. LaSalle is an integrated […]
Sabra Health Care REIT (Nasdaq: SBRA) intends to terminate its master lease with Holiday Retirement and enter into management agreements with the independent living giant. Under the terms of a non-binding letter of intent, Sabra would terminate the master lease with regard to all 21 Holiday communities in its portfolio, the REIT announced Wednesday. At […]
As senior living operators and owners start strategizing for 2019, they’re also looking back at how the industry has fared recently — and the statistics aren’t rosy. Yet, the numbers don’t tell the whole story, and some companies are bucking the trends with healthy profits and plans for growth. Looking at all major senior housing […]
Despite doing more joint ventures lately, LTC Properties (NYSE: LTC) is still a firm believer in the value of triple-net leases, CEO Wendy Simpson emphasized Thursday on a Q2 2018 earnings call. The topic of triple-net versus RIDEA has been much discussed in recent weeks, as publicly traded companies have announced their second quarter earnings. […]
Like some of its peers in the senior housing space, National Health Investors (NYSE: NHI) no longer wants its tenants to “just use [it] as a checkbook,” according to President and CEO Eric Mendelsohn. Rather than triple-net, the Murfreesboro, Tennessee-based real estate investment trust (REIT) is currently looking out for RIDEA and joint venture opportunities, […]
Unlike other health care-focused real estate investment trusts (REITs), National Health Investors (NYSE: NHI) has managed to stay off of the sidelines in recent months and remain fairly active in the senior housing marketplace. The Murfreesboro, Tennessee-based company credits its M&A activity to nurturing its several operator relationships and staying open to smaller-scale deals, Kevin Pascoe, […]
Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]