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 […]

LTC Focused on Troubled Tenants, Positioning for Acquisitions

After a year marked by troubled operators and a senior housing acquisition drought, LTC Properties (NYSE: LTC) enters 2019 not quite out of the woods. “It was one step forward, two steps back on the tenant front for LTC in 4Q18,” analysts with financial services company Mitsubishi UFG Financial Group (MUFG) wrote, commenting on the […]

Kisco Senior Living Goes Big on Voice-Activated Smart Home Tech

The senior living smart home revolution is in full swing, and Kisco Senior Living is buying in with Amazon’s Alexa. Starting with a kickoff event last month, Kisco has been installing Amazon Echo Dot voice systems with Alexa in all 165 independent living (IL) units in its continuing care retirement community (CCRC) The Cardinal at […]

How Hit Video Game Fortnite Informs Thrive’s New Tech Push

An initiative to roll out voice-enabled smart technology in all of Thrive Senior Living’s communities is taking some inspiration from one of the biggest recent phenomenons in video gaming: Fortnite. Specifically, much as Fortnite’s developers continually adapt the game based on player input, Thrive’s technology is enabling the senior living provider to better customize its […]

Senior Housing Investment Headwinds to Blow Stronger In 2019

Senior housing is no longer an under-the-radar investment opportunity and is now considered an institutional-grade asset class for real estate investors. But the pool of investors grows, however, as some noticeable headwinds are starting to form. Those future headwinds and other obstacles were on the minds of the panelists on Senior Housing News’ Finance & […]