Movers and Shakers: Charter Senior Living Appoints VP of Finance, Investments; The Bristal Assisted Living Hires Corporate Director of Sales 

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‘Larger Than Life’: Industry Leaders Pay Tribute After Death of ReNew REIT CEO, Senior Living Pioneer Chapman

Senior living industry pioneer and ReNew REIT CEO George Chapman died on Wednesday, according to a notice from the Toledo, Ohio-based company. Chapman, who helped found ReNew REIT in 2018 and also was a longtime CEO of the real estate investment trust that later became Welltower (NYSE: WELL), was a “pillar in the industry and […]

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 […]

What Merrill Gardens’ Truewood Launch Means for Middle-Market Senior Living

Almost two years ago exactly, “The Forgotten Middle” report quantified the enormous, imminent demand for senior living at a middle-market price point. Since that time, many providers have set their sights on this part of the market. But most of their early-stage work has been done behind closed doors, with only occasional hints as to […]

Welltower Reportedly Sells Merrill Gardens Portfolio for About $700 Million

Recent local news reports suggest that Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL) has sold its stake in all 10 communities in its senior housing operating portfolio operated by Seattle-based Merrill Gardens. Public records in Santa Clara County, California, show that Welltower recently sold a Merrill Gardens community located in San Jose and […]

REIT Leaders Say Senior Living Must Start To Evolve Faster

The details of what a post-coronavirus senior living landscape resembles remain cloudy, but the pandemic laid bare the need for the space to evolve faster than it has been. This is according to executives from real estate investment trusts National Health Investors (NYSE: NHI), Ventas (NYSE: VTR), and ReNew REIT, who shared their industry prognoses […]

ReNew REIT Named as Buyer of $385M New Senior Portfolio

The buyer of New Senior Investment Group’s (NYSE: SNR) portfolio of assisted living and memory care communities has been revealed. ReNew REIT, the health care real estate investment trust recently founded by former Health Care REIT CEO George Chapman, was listed as the buyer in a 10Q form New Senior filed on Tuesday with the […]

Former HCN Chief Executive Chapman Launches ReNew REIT

George Chapman, the former CEO of real estate investment trust Health Care REIT—now called Welltower (NYSE: HCN)—is back in the senior housing game. Chapman has teamed up with some of his former HCN colleagues to launch ReNew REIT. The privately held company is based in Toledo, Ohio, and is focused on investing in private-pay independent […]