This was a tough year for the sector, judging by the most-read stories on Senior Housing News. Financial troubles dominated, with Enlivant’s default notice and related negotiations being the most-read story in the last 12 months. The bankruptcy filing of a large CCRC, the troubles at Anthology Senior Living’s parent company, and the closure of […]
Welltower (NYSE: WELL) is reloading its”growth bazooka” with fresh ammunition to fund senior housing acquisitions amid what CEO Shankh Mitra recently called “the best environment for investments that we have ever seen.” The Toledo, Ohio-based company on Monday announced a sale totaling $1.5 billion in gross proceeds from a public offering of 17.5 million shares […]
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 […]
Construction: Planned MorningStar, Edgemark Plan Colorado Community MorningStar Senior Living and co-developer Edgemark Development are planning to open a new senior living community in Centennial, Colorado. The community, MorningStar Senior Living at Holly Park, is slated to have 160 independent living, assisted living and memory units. Planned amenities include an indoor saline pool, fitness and […]
Earlier this month, PGIM Real Estate and Revera Communities affiliate Signature Senior Lifestyle announced a joint venture to develop and manage senior housing communities in the United Kingdom, focusing on submarkets in the greater London area with strong demographic demand. Earlier this week, global real estate services firm Cushman & Wakefield (NYSE: CWK) announced that […]
PGIM Real Estate has been active in recent months providing capital to facilitate blockbuster senior housing acquisitions. Now the firm is looking to capitalize on demand for senior housing in the United Kingdom. The Madison, New Jersey-based real estate investor and lender announced this week it is entering into a joint venture with Signature Senior […]
A new leader will take the helm at one of the largest U.S. senior living providers this week, as Jack Callison officially starts as CEO of Sunrise Senior Living on April 1. Callison will launch a “CEO Listening Tour” during his first 100 days, to visit Sunrise communities and hear “unfiltered feedback” directly from leadership, […]
Revera is one of the biggest names in North American senior housing, serving 20,000 older adults in long term care homes and retirement residences in Canada, and as the majority shareholder in Sunrise Senior Living. Like senior living providers of all sizes, Revera was affected by the Covid-19 in myriad ways. In an effort to […]
Like senior living providers of all sizes, Revera was affected by Covid-19 in myriad ways. But as one of the largest North American providers, the company had a big-picture view of the pandemic. In an effort to analyze what happened in the first waves of Covid-19, and prepare for potential future infectious disease outbreaks, Revera […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
