Alexis Ohanian’s predictions about senior living disruption caught the attention of Senior Housing News’ readership last year. The Reddit co-founder’s interest in developing tech solutions for seniors was our top-read story of 2019, ending a two-year stranglehold on the top spot by Jimmy Buffett’s Latitude Margaritaville expansion. In fact, the intersection of innovation and senior […]
It’s been an eventful and in many ways difficult year for the senior housing industry — and it’s not over yet. But as calendars turn over to December, it’s time to take stock. With that in mind, we’ve compiled some of the most vivid and powerful quotes that appeared in Senior Housing News this year. […]
After a few brutal years for standalone memory care, supply pressures are easing and occupancy is ticking up. But a rebound will be gradual, as hard-hit companies in the space try to reset, and owners and operators glean lessons from this recent period of distress. Construction of freestanding memory care communities peaked in the fourth […]
National Health Investors (NYSE: NHI) is pivoting to focus on acquisitions after a busy quarter that included nine distressed senior living properties transitioning to new operators. “Transition properties can be distracting to our normal investment activity, so our rapid repositioning means we’re back to making accretive investments full time,” NHI CEO Eric Mendelsohn said Tuesday […]
The LaSalle Group, a Dallas-based development company with a focus on senior living, has voluntarily filed for Chapter 11 bankruptcy protection. The company is owned by Mitch Warren, who until recently also served as CEO. He has now stepped down from that role to smooth the way for a restructuring, he told Senior Housing News. […]
In the midst of industry headwinds, The LaSalle Group is focused on business basics in 2019 — but the Dallas-based company has some new initiatives underway as well. Notably, it is rolling out a new brand called “The Whitley” and is forging ahead with technology initiatives to streamline sales and marketing. LaSalle is an integrated […]
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A recent partnership between development company The LaSalle Group and real estate investment trust National Health Investors (NYSE: NHI) will provide options for future senior housing growth that are “limitless,” LaSalle Group President John Barbee tells Senior Housing News. The partnership launched with an initial sale-leaseback transaction involving five of LaSalle’s Autumn Leaves communities for a […]
Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
Capital Senior Living Appoints New Board Members Capital Senior Living Corporation (NYSE: CSU), one of the nation’s largest operators of senior housing communities, announced the appointments of Paul J. Isaac and Ross B. Levin of Arbiter Partners Capital Management, LLC to the company’s board of directors, effective March 7. The appointments fill the vacant board […]
