From Afterthought to Main Event: Why Senior Living is Going Bigger, Bolder on Outdoor Spaces

Senior living providers across the U.S. are reimagining the traditional outdoor amenity space — and in the process, sometimes shifting away from the typical real estate formula for maximizing investor returns. But there may be good reason for doing so. While outdoor amenity spaces don’t generate revenue like an occupied unit, they deserve much more […]

LTC Completes Thrive Transition, Fine Tunes Acquisition Strategy

LTC Properties (NYSE: LTC) spent the first half of 2019 addressing underperforming operator partnerships and now believes it has set up its portfolio for improved performance in the year’s final months. Notably, the Westlake, California-based health care real estate trust completed the transition of six properties previously operated by Thrive Senior Living, and LTC is […]

In the Pipeline: MorningStar’s Next Projects; Thrive Opens Georgia Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned MorningStar to Open Communities in Oregon, Colorado MorningStar Senior Living is opening its third […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Transactions & Financings: Invesque’s $80M Credit Facility; Thrive Acquires Georgia Senior Living Community

Invesque secures $80M credit facility People’s United Bank, a subsidiary of People’s United Financial (Nasdaq: PBCT), announced its healthcare finance and capital markets divisions served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque (TSX: IVQ.U). The facility will be used to refinance existing debt associated with the […]

Transactions & Financings: Ensign Group’s Campus Acquisition; LTC Transitions Thrive Communities

The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]

LTC’s Simpson: Private Equity Driving Unreasonable Valuations, Thrive in Default

A persistent pricing disconnect in the senior housing M&A market is limiting acquisitions for LTC Properties (NYSE: LTC), CEO Wendy Simpson said Thursday in announcing Q1 2019 earnings. The Westlake Village, California-based real estate investment trust (REIT) is taking advantage of current market dynamics to sell some properties and also has been trying to resolve […]

New Senior Moves to Restructure 50% of Assisted Living, Memory Care Portfolio

New Senior Investment Group (NYSE: SNR) is examining a range of options to improve the performance of its assisted living and memory care portfolio — including swapping out operators or seeking dispositions for around half of those properties. The New York City-based real estate investment trust (REIT) recently undertook an extensive effort to determine which […]

Why Resident Safety Isn’t Always Priority No. 1 for Thrive Senior Living

Thrive Senior Living has launched a new initiative aimed at empowering residents to make more choices, even if some of those choices carry a risk of personal harm. The Atlanta-based senior living provider recently unveiled a new initiative called “Safety Third” meant to combat ageism and boost the residents’ quality of life. Thrive currently operates […]

Holiday, Thrive, Belmont Village Find Diverse Ways to Connect with Prospective Residents

With occupancy currently under pressure, senior living providers have to be at the top of their sales and marketing game. They must know their consumer base, have a strong brand that translates into an appealing value proposition, and perhaps even reconsider some conventional wisdom. These were among the insights shared by a trio of leaders […]