Welltower (NYSE: WELL) has spent the last few years retooling its relationships with its numerous operating partners — and now, the company is poised to launch a new senior housing operating platform that will “truly transform our company in the next chapter of this evolution,” according to CEO Shankh Mitra. On Monday, Welltower management announced […]
Welltower (NYSE: WELL) has announced its intent to dissolve a joint-venture agreement with Revera and sell its 34% ownership stake in Sunrise Senior Living to the Mississauga, Ontario-based company, which is also the operator’s owner. The Toledo, Ohio-based real estate investment trust (REIT) announced on Monday a series of transactions that included acquiring from Revera […]
Sunrise Senior Living has opened its second high-rise in New York City — and the company’s “robust premium pipeline of new development” could see expansion to other senior living hotspot markets, Senior Vice President of Operations Denise Falco tells Senior Housing News. On Monday, the McLean, Virginia-based senior living operator announced the opening of The […]
The senior living consumer base is evolving, and the historically sluggish pace of senior living innovation must speed up to meet new expectations and desires. Luxury is being redefined, palates are becoming more discerning, and coveted younger residents are more sophisticated about what “wellness” means and how their living environment is involved. These were among […]
Luxury is a word often used to describe senior living communities, but it is not a word that always accurately describes them. Some senior living operators aim to deliver top-flight dining and experiences one might enjoy in an elite country club, with monthly rates sometimes in excess of $10,000 — and luxury is a word […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Completed Sunrise Senior Living opens California community Sunrise Senior Living recently opened its newest California development by welcoming Sunrise of Orange into the company’s broad […]
Silverstone Senior Living has named industry veteran Tami Cumings to the newly created role of COO as the company preps its next round of growth. As COO, Cumings is slated to oversee asset management, property operations, sales and marketing for the company’s growing senior living portfolio. She also will aid the company as it embarks […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Sunrise Senior Living announces Virginia community With its latest project, Sunrise Senior Living recently announced a new community in McLean, Virginia. Architecture will be […]
Sunrise Senior Living is slated to strengthen its foothold in New York City’s budding luxury senior living market. The McLean, Virginia-based company is in the coming weeks opening its forthcoming community in Manhattan’s Upper West Side. Construction on the community wrapped up earlier in the year, according to local news publication New York Yimby. Like […]
U.S. News & World Report today released its second-ever “Best Senior Living” ratings list with some new additions and changes. This year, organizers with U.S. News & World report rated nearly 3,900 senior living communities — representing about 140 different organizations — in four categories: Independent living, assisted living, memory care and continuing care retirement […]
