Ventas to Acquire 16 Senior Living Communities from Sunrise & Affiliates for $362 Million

Ventas, Inc. (NYSE:VTR) has agreed to acquire a 100% interest in 16 private-pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE:SRZ) and its institutional joint venture partner for $362 million. Sunrise will receive approximately $28 million for its 20% ownership in the portfolio and will remain the manager of the communities under […]

Movers & Shakers – People & Positions for March 2012

Early spring temperatures have given rise to the promise of summer.  While spring blooms maybe on the horizon, sprouts in the job world of senior housing are starting to appear in 2012. Looking for nice buds to plant in your organizational garden?  Post your jobs online with Senior Housing News for $50 for sixty days. […]

Who Made ALFA’s 2012 Largest Senior Living Providers List?

Senior Living Executive, the Assisted Living Federation of America’s magazine, has just released its annual list of the nation’s Top 80 Largest Providers, topped this year by Brookdale Senior Living (NYSE:BKD). The list ranks for-profit senior living operators by total resident capacity as of the first of the year, as reported by each company. “REITs […]

Is Luxury Senior Housing a Viable (or Necessary) Concept?

Sunrise Senior Living (NYSE:SRZ) recently announced that a Maryland senior condominium complex it manages is facing foreclosure due to much lower-than-expected residency, just a few months after Chicago’s The Clare filed for bankruptcy in November after being unable to keep up with bond payments thanks to the tough financial market. Are these high-profile struggles indicative […]

Sunrise-Managed Luxury Senior Housing Complex Faces Foreclosure

Luxury senior housing complex Fox Hill Senior Condominium is being threatened with foreclosure, said management company Sunrise Senior Living (NYSE:SRZ) in a statement obtained by the Washington Post. “Fox Hill is a one-of-a-kind luxury senior condominium community that has, like many excellent high-end condominium projects, fallen victim to an economic crisis where home sales have […]

Sunrise Posts Q4 Net Income of $2.2 Million, Down 96%

Sunrise Senior Living (NYSE:SRZ) posted a net income attributable to common shareholders of $1.8 million in the fourth quarter ended Dec. 31, 2011, compared to 2010’s Q4 net income of $50 million, and $1.72 per diluted share. The quarter’s income represents a nearly 96% decrease from the same period in 2010, and net income per diluted […]

Sunrise Partners with HGTV Host for Senior Living Design Tips

Sunrise Senior Living (NYSE:SRZ) announced on Feb. 13 that it is partnering with HGTV designer and host Emily Henderson for senior living design advice. Henderson will serve as an interior design expert and spokesperson for Sunrise’s “campaign to help seniors and their families design spaces that address the changes caused by aging, as well as […]

Sunrise Closes Marriott Lease Deal, Terminates 10 Leases with Senior Housing REIT

On Dec. 29, 2011, Sunrise Senior Living, Inc. (NYSE:SRZ), Sunrise Senior Living Services, Inc., and Sunrise Continuing Care, LLC closed the transactions contemplated by an Agreement Regarding Leases with Marriott International, Inc. (NYSE:MAR), Marriott Senior Holding Co. and Marriott Magenta Holding Company, Inc. relating to a portfolio of 14 leases for senior living facilities, according […]

Senior Housing RIDEA Deals a Lasting Trend, Messy Divorces Unlikely

Although real estate investment trusts (REITs) face higher risks when entering into a RIDEA structure with senior housing operators, it’s risk that’s well thought out, and the management structure will become increasingly important going forward, analysts say. RIDEA, which comes from and is an acronym for the REIT Investment Diversification and Empowerment Act of 2007, […]