New Welltower CEO Commits to Strategic Direction, His Biggest Concern Eases

Welltower (NYSE: WELL), the nation’s largest owner of senior housing properties, will not be changing its strategic direction under its recently named CEO, Shankh Mitra. “Many of you have asked me if our strategy will change going forward — the answer to that question is an emphatic no,” Mitra said Thursday during the Toledo, Ohio-based […]

Transactions & Financings: Avamere Enters Arizona; Northbridge Buys New England Portfolio

Northbridge Senior Housing acquires 8-property New England senior housing portfolio Northbridge Senior Housing, through its Northbridge Strategic Housing Fund II, received acquisition financing for an eight-property senior housing portfolio in New England, totaling 565 units. The properties in the portfolio are: – Avita of Brunswick in Brunswick, Maine– Avita of Stroudwater in Westbrook, Maine– Avita […]

As Some Senior Housing Developments Stall, Opportunity Awaits

It’s no secret that many developers without senior living experience have entered the sector in recent years, seeing that demographics are set to drive demand. Established operators have anticipated that some of these projects will sputter out of the gate, presenting acquisition opportunities—and that is already coming to pass, faster than some expected. That was one of the […]

Movers & Shakers: LaSalle Group Names VP of Health and Wellness

LaSalle Group Names New VP of Health and Wellness The LaSalle Group has promoted Schekesia Meadough to vice president of health and wellness. In her new role, Meadough will continue to expand clinical education and quality initiatives at LaSalle’s Autumn Leaves communities, while also overseeing regulatory compliance in the nine states where the company operates. Those […]

In the Pipeline: Senior Housing Construction Projects (7/13/17)

Construction: Planned Caddis Plans Senior Housing Community Near Atlanta Health care real estate firm Caddis is moving forward with its plan to build an independent, assisted living and memory care community in Suwanee, Georgia. The community, Heartis Suwanee, would include 175 units and amenities such as walking paths, game and activity rooms, and a beauty and barber shop. Caddis expects […]

Movers & Shakers: Presbyterian Communities Hires New Chief Medical Director

Presbyterian Communities Announces New Chief Medical Director Dallas-based Presbyterian Communities and Services has announced Dr. Alexander Peralta Jr. will be the new chief medical director of Faith Presbyterian Hospice and the new T. Boone Pickens Hospice and Palliative Care Center. Formerly, Dr. Peralta was a pharmacist, internal medicine specialist with 35 years of experience in […]

Editor’s Picks: Southwest Airlines and Iris Apfel

This week, Senior Housing News readers learned how the current population of people 40 and older feel about senior living, why a major senior living operator idolizes Southwest Airlines and how to use social media to advance as a senior living provider. Also, SHN will be observing Memorial Day on Monday, May 30. We’ll resume […]

Provider Proves Social Media Pays Off for Senior Living

Senior living providers that have historically been wary to invest in social media may want to think twice, if the success rate of the New England-based provider is any indication of how powerful these tools can be to drive occupancy. Naysayers of social media may simply not be using these platforms to their full potential […]

Movers & Shakers: National Healthcare’s New Managing Director

National Healthcare Development Hires New Managing Director National Healthcare Development, the development branch of National Healthcare Realty providing customized real estate solutions for providers across the continuum of care, hired John Patnode as managing director of design & construction. In his new role, Patnode will oversee design and construction efforts for the firm’s post-acute and senior […]