Sunrise Senior Living is once again building new properties from the ground up. After a period of inactivity, the company announced the opening of a community in the Bay Area last week, with others set to open in Ohio and Southern California in the coming months. The new developments are part of a “measured, rifle-shot” […]
Third-party senior living referral services, which send residents in the direction of operators that pay their fees, are not good for the sector and should be spurned by large operators, according to several prominent CEOs in the senior housing industry. These third-party brokers are “popping up like mushrooms,” Chartwell Retirement Residences President and CEO Brent […]
Brookdale Senior Living’s (NYSE:BKD) acquisition of Emeritus Corp. (NYSE:ESC) may have averted a mega-merger between two real estate investment trusts (REITs) also vying to acquire the combined company, according to a proxy statement on the merger released Friday. Prior to the February merger announcement with Brookdale, Emeritus entertained four potential buyers in August 2013 believed […]
Canadian senior living operator Revera Inc. is now officially the majority owner of Sunrise Senior Living’s (NYSE: SRZ) management company following the completion this week of a previously announced transaction. The completed transaction arrives two months after Health Care REIT (NYSE: HCN), which owned 20% interest in Sunrise’s management company, agreed to recapitalize its ownership […]
