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 […]
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 […]
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 […]
Health Care REIT, Inc. (NYSE: HCN) today reported record operating results for the quarter and year ended December 31, 2013, driven by “unstoppable forces” that will continue to benefit its senior housing portfolio. The company completed a record quarter of earnings with normalized Funds from Operations (FFO) per share of $0.99, a 16% increase from […]
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 […]
Senior Housing News will be taking a brief pause in observance of President’s Day, but will return Tuesday, February 18. In the meantime, here are the top five stories grabbing Senior Housing News readers’ attention this week: Health Care REIT, Revera Overhaul Sunrise Management in Buyout Deal—Private equity is out when discussing the ownership of […]
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 […]
Private equity is out, and a senior housing operator is in for ownership of Sunrise Senior Living’s management company. Health Care REIT (NYSE:HCN) has agreed to recapitalize the management company and will move from owning a 20% interest in Sunrise to 24% once the deal closes. Terms of the deal were not disclosed. Revera Inc., […]
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 […]
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 […]