Harrison Street closed its eighth opportunistic fund at $2 billion and intends to dedicate about half the fund to senior housing and other health care assets. That’s according to PERE, which on Monday reported on the closing of the fund, Harrison Street Real Estate Partners VIII (HSREP VIII). Chicago-based Harrison Street has a long history […]
Oakmont Senior Living
The expansion of regional senior living providers has been an ongoing trend in 2021. Some of these companies are gaining so much scale, they are becoming “super regionals.” I’ve heard the term “super regional” increasingly this year, including at the recent Argentum conference. This chatter makes sense, as transactions in the last few months have […]
The headline from Welltower’s Q2 2021 earnings call was the record investment pace that the real estate investment trust (REIT) is setting. However, I was most interested in news related to two senior living operators: Sunrise and Oakmont. Under a new joint venture, Welltower expects to roughly double its Oakmont portfolio through the acquisition of […]
Welltower (NYSE: WELL) is growing its relationship with Oakmont Management Group in an arrangement that will grow the companies’ existing portfolio and facilitate the launch of a new brand called Ivy Living. The Toledo, Ohio-based real estate investment trust (REIT) on Thursday announced it is acquiring an undisclosed number of management contracts that are expected […]
During the last year, many senior living ownership groups worked closely with operators and granted them leeway on certain pre-pandemic expectations. But the situation is now changing, creating tension and generating debate about whether new capital structures are needed. Corporate talent management firm Ferguson Partners recently had conversations with 13 industry executives, including owner and […]
In the Pipeline: The Springs Living Expands to Washington; Watermark, Hines Announce Houston Project
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. And if you’d like to submit a project to In the Pipeline, email us. Construction: Planned The Springs Living Announces […]
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 […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. And if you’d like to submit a project to In the Pipeline, email us. Construction: In progress Phoenix Senior Living […]
During our recent virtual Sales Summit, Oakmont Senior Living COO Matt Stevenson said something that caught my attention: “When we look in most markets, we’re hovering around 10% to 11% penetration … to fully recover as an industry, we’ve got to get that to 15% levels.” His point was that, with the vaccine rollout enabling […]
Covid-19 forced senior living sales and marketing teams to prioritize the health care component of communities, placing a premium on keeping residents safe and providing quality medical care. For some providers, this has been a complete reversal of strategy from prior to the pandemic, when sales and marketing emphasized a luxury, lifestyle-forward product. And teams […]
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