In the midst of the Covid-19 pandemic last year, Welltower (NYSE: WELL) sold its stake in all 10 Merrill Gardens communities in its senior housing operating portfolio. The Seattle-based owner-operator, and its partner, AEW Capital Management, purchased the portfolio for $700 million. The transaction was brokered by Newmark’s Healthcare & Alternative Real Estate Assets team, […]
R.D. Merrill Company
One month into 2021, senior housing occupancy sits at all-time low levels, and it likely will take a year or more for census to recover to pre-pandemic levels. That’s the take of three industry leaders who participated in the January 29 webinar on the financial outlook for senior housing in 2021, hosted by Senior Housing […]
Covid-19’s disruption puts further pressure on the senior living and care industry to address the need for middle-market communities. But the pandemic has also wiped the slate clean, providing an opportunity to start anew and not think in currently defined terms, Torey Riso, former president and CEO of Blueprint Healthcare Real Estate Advisors, said Thursday […]
The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]
About five years after joining Merrill Gardens as president, David Eskenazy is preparing to step down from that role and exit the senior living provider. He will pursue other professional opportunities and spend more time with family, he told Senior Housing News. For about four years, he has been on a plane every week to […]
A Seattle-based senior living provider is looking into to enhancing the efficiency—and revenue generation capabilities—of its management platform, and it’s taking a technology-fueled approach. Merrill Gardens attributes its 2010 pioneering of the RIDEA structure to “forward thinking,” and in the summer of 2013 made another strategic move by divesting 38 properties with a focus on […]
A majority of senior housing executives believe interest rates will be the biggest driver for cap rates going forward, indicates a new survey conducted leading up to the 2013 National Investment Center (NIC) for the Seniors Housing & Care Industry conference, but investors are keeping an eye on new construction as well. For 2014, executives […]
Seattle-based Merrill Gardens announced on Monday the hiring of Tana Gall as president and Jason Childers as senior vice president, effective immediately. Both Gall and Childers were formerly the president and senior vice president, respectively, of Leisure Care, also based in Seattle. Merrill Gardens’ former president Bill Pettit has moved on to lead R.D. Merrill […]
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