Colony Confirms Intention to Sell $3.3B Senior Housing, Health Care Portfolio This Year

Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]

Brookdale Extends LTC Properties Lease Through Year-End

Brookdale Senior Living (NYSE: BKD) opted to extend its lease with real estate investment trust LTC Properties (NYSE: LTC) through Dec. 31, 2021. Brookdale holds an option to extend the lease through April 30, 2022. Rent terms under the master lease did not change. Westlake, California-based LTC also extended a $4 million capital commitment to […]

Rise of the Clinical Executive: Senior Living Providers Expand Expertise in Light of Pandemic

Senior living’s response to Covid-19 over the past year cemented the industry’s years-long paradigm shift toward greater clinical capabilities and integration across the care continuum. This shift was ongoing, pre-pandemic, due to rising acuity among residents and shifts in health care payment systems, among other factors. Especially in light of Covid-19, providers throughout the space […]

Problem Solvers: Improving Virtual Tours to Sell Senior Living

The Covid-19 pandemic has created myriad problems for senior living providers. But these problems are not insurmountable, and companies across the industry are devising creative solutions. In this series, we’re surveying industry leaders to highlight these actionable solutions. For this edition, we asked leaders with Brookdale Senior Living (NYSE: BKD), Senior Lifestyle Corp., Kendal Corp. […]

LTC Working Through Senior Lifestyle Transitions, Launches Smart Design Initiative

Real estate investment trust LTC Properties (NYSE: LTC) is trying to think and act “outside the REIT box” as Covid-19 continues to pressure its operators, with efforts such as a Smart Design initiative to modernize communities. Meanwhile, the Westlake Village, California-based company continues to work through challenges with some tenants, notably Senior Lifestyle. In the […]

Senior Lifestyle’s 24 Senior Suites Communities Hold Lessons For Middle-Market, Affordable Development

A little over 20 years ago, Bill Kaplan had a fateful meeting with Chicago Mayor Richard Daley. At the time, Kaplan was an entrepreneur of growing stature in the Windy City. The company he had co-founded, Senior Lifestyle Corp., had a small but growing portfolio of private-pay senior living communities. Seeing that success, Mayor Daley […]