Sunrise CEO Out After Only 5 Months, Winkle to Take Over

After only five months as chief executive officer of Sunrise Senior Living, Penny McIntyre is being replaced according to a statement from the operator. Announced the same day as the closing of the recapitalization of Sunrise by Revera Inc. and Health Care REIT, the board has chosen Chris Winkle to lead the company as chief […]

Revera Completes Management Buyout of Sunrise Senior Living

Canadian senior living operator Revera Inc. is now officially the majority owner of Sunrise Senior Living’s (NYSE: SRZ) management company following the completion this week of a previously announced transaction. The completed transaction arrives two months after Health Care REIT (NYSE: HCN), which owned 20% interest in Sunrise’s management company, agreed to recapitalize its ownership […]

In the Pipeline: Senior Housing Construction Projects (2/27/14)

Construction: Planned Developers Plan $40 Million Lake Geneva Senior Housing Whitestone Realty Capital plans to build a $40 million, 126-unit senior housing community near a Lake Geneva resort, reports Milwaukee Business Journal. The development will offer 100 independent living units, 40 assisted and 20 memory care, according to an official from Whitestone cited in the […]

Ventas Not Worried about Non-Traded REIT Competition in Senior Housing

Ventas, Inc. (NYSE:VTR) is taking a ‘hakuna matata’ approach to its ability to compete with a growing number of non-traded real estate investment trusts entering the senior housing and healthcare market. “Our sector is large, it’s growing, it’s highly fragmented, and there are lots of opportunities,” said Ventas CEO Debra Cafaro during the REIT’s fourth quarter […]

Sunrise Takes Home-Like Approach to Senior Living Design

As senior living providers look for design solutions to build and renovate existing properties, they are also using interior design elements with a specific eye toward one very important part of senior living: moving in.  Sunrise Senior Living has an ongoing effort under way to enlist both its design and facilities teams to streamline the […]

Senior Housing’s Top 10 Mega Deals of 2013

Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]

Top Senior Housing News of the Week: Happy Thanksgiving

Senior Housing News would like to wish its readers a Happy Thanksgiving. We will return Monday, December 2, but until then, here are the top five stories grabbing Senior Housing News readers this week: Which Senior Living Communities Earned Top Ratings in 2013? SeniorHomes.com released a list of top-rated senior living communities across the U.S. Sunrise […]