Transactions & Financings: Tryko Buys, Rebrands Facilities; LongueVue Exits 2 SQLC Communities

Sales NHI closes three sales to wrap up 2021 National Health Investors (NYSE: NHI) announced the sale of three senior housing communities in December, according to an update from the real estate investment trust. The three sales include: A 76-unit property, located in Marysville, Ohio, netted $12 million in gross proceeds plus $3.6 million for […]

Discovery Senior Living Continues Expansion In 10-Property Deal With White Oak

Discovery Senior Living and White Oak Healthcare REIT have acquired a 10-building portfolio, which will be operated by Discovery as part of the provider’s strategy of expanding through the creation of largely independent regional management companies. The sale, coming in at more than $100 million, includes communities in Louisiana, Mississippi and South Carolina and contains […]

NHI Files Suit Against Welltower In Dispute Over Legacy Holiday Retirement Portfolio

A dispute over senior living properties has led one real estate investment trust (REIT) to take legal action against another. National Health Investors (NYSE: NHI) has filed a lawsuit in the Delaware Court of Chancery against Welltower (NYSE: WELL) and certain of its subsidiaries. Murfreesboro, Tennessee-based NHI alleges that the Welltower entities have failed to […]

10 Quotes that Capture 2021 and Suggest What’s Next for Senior Living

One year ago, vaccine clinics were just getting underway in senior living communities, raising hopes for a better year ahead after the devastating toll exacted by Covid-19 in 2020. While Covid-19 vaccines have been a gamechanger for senior living providers, the quotes below reflect that 2021 presented plenty of daunting challenges, including unprecedented labor pressures. […]

Merrill Gardens President: Middle-Market Demand Stronger Than Forecast, Universal Worker Key to Our Model

For operators venturing into the middle market, margins are compressed and capital partners need to be mission-driven as well as financially driven. That’s according to Merrill Gardens President Tana Gall, who is blazing trails in the middle market with the company’s Truewood by Merrill platform. And there is still an opportunity for great returns, said […]

Fall 2021 Senior Housing Outlook: Operating Perils Loom But Providers See Stability, Growth Ahead

Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]

REITs See Delta-Related Occupancy Loss, Expect Deals to Pick Up in Q4

National Healthcare Investors (NYSE: NHI) and American Healthcare Investors (AHI) have seen senior living occupancy backslide in recent weeks during the surge in Covid-19 cases related to the delta variant. However, leaders with the two companies are optimistic that the tide might be turning again. And, they anticipate that the fourth quarter of 2021 could […]

NHI Looks to Sell 9 Holiday Properties, More Sales Possible in 2021

National Health Investors (NYSE: NHI) is seeking to sell nine properties operated by Holiday Retirement, with plans to potentially sell even more properties this quarter. The Murfreesboro, Tennessee-based real estate investment trust (REIT) has inked a non-binding letter of intent to sell the nine-property portfolio to an institutional buyer that is leased to Holiday with […]

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 […]