Sabra CEO: No Clear Pattern In How Covid-19 Spreads Through Senior Living Communities

Senior housing has so far managed to weather Covid-19 better than some feared, according to Rick Matros, CEO of Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). However, he emphasizes that more testing is needed to keep the senior housing communities safe and secure — particularly because Covid-19 has spread through Sabra’s buildings in odd […]

Transactions & Financings: Covid-19 Market Instability Halts About $325M in Acquisitions

Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]

Senior Housing Investments & Transactions: Sienna Senior Living Completes $255 Million Acquisition

Sienna Senior Living Closes $255 Million Senior Housing Portfolio Acquisition Ontario-based Sienna Senior Living (TSX: SIA) has completed a previously announced acquisition of eight seniors housing residences in British Columbia for the purchase price of $255 million. The deal includes two private-pay independent living communities and six residences with both private pay and funded long […]

Senior Housing Investments & Transactions: Sienna Senior Living

Sienna Senior Living Acquires British Columbia Assets for $255 Million Sienna Senior Living (TSX: SIA), one of Canada’s largest senior housing owners and long-term care providers, has entered into an agreement to acquire a seniors housing portfolio of assets in British Columbia (BC) for $255 million. As part of the deal, Sienna Senior Living also […]

Senior Housing Investments & Transactions: ESI, Sienna Senior Living

ESI Arranges Sale of Indiana Skilled Nursing and Memory Care Facility  Shady Nook Care Center, a 37,332-square-foot skilled nursing and memory care facility in Dearborn County, Indiana, has sold to an undisclosed local buyer who will continue to operate the facility as currently established. Evans Senior Investments (ESI) arranged the sale. Shady Nook Care Center was […]

Behind the Rebrand: Improving Senior Living Occupancy and Image

Senior housing providers across the country have found rebranding can fill long-standing vacancies and make their communities relevant again, so it shouldn’t come as a surprise that more and more seem to be taking the plunge. Several high-profile name changes have already occurred within the past year, including The Assisted Living Federation of America (ALFA) […]

Largest Canadian Senior Living Operator Changes Name, Updates Branding

After more than 40 years of providing senior living services to Canadian seniors, Ontario’s largest owner-operator says it’s time for a name change—to one that doesn’t conjure images of a theme park. On May 1, Ontario-based Leisureworld Senior Care Corporation (TSX: LW) officially started doing business as Sienna Senior Living, Inc., a week following the […]