In 2023, the senior living lease-up process is trending back toward the pre-pandemic normal — and what constitutes a stabilized community is still evolving. Recent data from NIC MAP Vision showed that lease-up trends across the country were accelerating, but that the headwinds of recent years had made it more difficult for operators to reach […]
Early in 2021, Oaks Senior Living operated a portfolio of nine communities as a family-owned business. Now, the operator is more than four times that size, and it has a new CEO priming it for growth. Oaks, which hit its 25-year anniversary in March, is opening its 39th building in the latter half of 2023 […]
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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. Construction: Planned Resort-style Active Adult Community Planned in Dallas, Texas Suburb Avenida Partners is teaming up with Artemis Real Estate Partners to develop a resort-style active […]
Bobby Petras remembers being at a doctor’s appointment when he heard the news of a game-changing opportunity to add 15 properties to the Priority Life Care portfolio. The call came from Priority’s CEO and Bobby’s sister, Severine Petras. Real estate investment trust Ventas (NSYE: VTR) had tapped them to operate the 15 properties in Pennsylvania […]
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 […]
Diversified Healthcare Trust (Nasdaq: DHC) is making progress on its plan to transition 108 communities operated by Five Star Senior Living (NYSE: FVE) to new operators by the end of 2021. The Newton, Massachusetts-based real estate investment trust (REIT) announced three new management agreements with operators for 66 communities, accounting for 61% of the portfolio […]
Construction: Planned Drever Capital Management to Open Senior Housing Near San Antonio Drever Capital Management has announced plans for an active senior living community, Larkspur at Gateway, which is to be located in Live Oak, Texas. The development will include a 64-unit memory care community and an intergenerational adult and child daycare center that will offer […]
Senior living providers tend to have complicated relationships with third-party referral agents. Some providers may see the choice as avoiding them altogether and running the risk of losing leads, or employing their services and incurring sometimes hefty referral fees. But the smartest approach may be a middle ground, in which third-party agents are one part […]
After decorating our Christmas tree here at the Senior Housing News office at the end of last week, we got to work bringing you some of the latest happenings in the industry. Readers tuned in to learn about potential restrictions faced by non-traded real estate investment trusts (REITs) under a proposed Department of Labor rule […]
