Transactions Ventas acquires two Florida communities Ventas has acquired Sonata Boca Raton and Sonata Vero Beach senior housing communities and retained AgeWell Solvere Living as the incumbent manager. The transaction marks a new operator partnership between both companies, a press release states. “We are excited to establish this relationship with Ventas, a leader and true […]
Stellar Senior Living
This story is part of your SHN+ subscription High demand and rising occupancy have prompted senior living operators to again raise resident rates in the coming year, albeit at a more moderate pace than a few years ago. In 2025, senior living operators raised resident rates as pricing power shifted to favor independent living. Assisted […]
Transactions Stellar Senior Living expands with six communities Stellar Senior Living has added six communities into its portfolio, bringing its total to 42. The communities, located in Phoenix, Tucson, Peoria, Scottsdale and Albuquerque, house around 900 residents and have more than 450 team members. Alongside the growth, Stellar is expanding its partnership with Diversified Healthcare […]
Real estate investment trust Diversified Healthcare Trust (Nasdaq: DHC) is transitioning 116 senior living communities formerly managed by AlerisLife to seven other operators, with the lion’s share of the former Five Star-branded communities going to Discovery Senior Living, Sinceri Senior Living and Tutera Senior Living. In an interview with Senior Housing News on Wednesday, Diversified […]
Transactions Stellar closes first joint venture Stellar Senior Living announced it closed on its first joint venture with $20 million in capital commitments. The joint venture will provide the funding needed to acquire between 10 and 15 communities, according to a press release. The first acquisition through the joint venture is The Grand at Broomfield […]
Transactions Stellar Senior Living expands in Arizona Stellar Senior Living announced it has expanded its Arizona footprint with the addition of La Sonora at Dove Mountain in Marana, Arizona. The community offers assisted living, independent living and memory care services, a press release states. Features include “upscale amenities, restaurant-style dining, spacious apartments and an active […]
This story is part of your SHN+ subscription The relationship between senior living providers and their capital partners, often real estate investment trusts, private equity or high-net worth investors, is dramatically changing. Pairing with a larger company or REIT can unlock new growth opportunities and resources that operators would not otherwise have on their own. […]
Stellar Senior Living Co-Founder and Senior Vice President Adam Benton believes his company has its best-ever opportunities to expand in 2025 and beyond. Midvale, Utah-based Stellar is on a mission to enrich the lives of 10,000 senior living residents, families and employees by 2030, a goal Benton believes the organization can reach through measured growth. […]
Transactions Focus Healthcare Partners acquires 329-unit community Focus Healthcare Partners announced it has acquired The Harborside, a 329-unit senior living community located in Port Washington, New York. The six-story community was purchased through a bankruptcy process, according to a LinkedIn post from Principal Curt Schaller, and will be operated as a rental community. Following the […]
With positive momentum on occupancy and margin in 2024, the senior living industry is poised to capitalize on incoming demand — but many challenges remain. These challenges include still-tough development conditions as the supply and demand gap widened this year, which led to investors and developers in the space mostly shying away from rapid new […]
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