Capital Senior Living (NYSE: CSU) has completed the previously announced exit from its triple-net leases and is now entering the growth stage of its turnaround effort, with a new management services business as one platform for expansion. The Dallas-based provider had transitioned 23 formerly leased communities to other operators as of Dec. 31, 2020, according […]
Ventas
Senior housing’s post-coronavirus recovery may take longer than some expect, with cash flows and occupancy not returning to pre-pandemic levels until 2025. That is according to a new report on the sector from BMO Capital Markets (NYSE: BMO). The Toronto-based investment bank and financial services firm, using proprietary modeling, studied historic market net absorption trends […]
As calendars flip to December, the exercise of reflecting on the past year and planning for the future is more necessary — and more difficult — than ever. How to sum up a year marked by Covid-19, protests for racial justice, and a presidential election, among other changes and upheavals? And what lessons can be […]
Senior housing investors and operators can anticipate several changes that will affect the industry as a result of the 2020 U.S. elections. Democratic President-Elect Joe Biden has floated proposals including a major investment in home care, changes to real estate programs and policies, and pledges related to the caregiver workforce. The incoming administration also may […]
Ventas (NYSE: VTR) has repositioned its portfolio in recent years, with a focus on life science and medical office — and now, its senior housing assets are bearing the brunt of negative effects from Covid-19. But, unlike one of its real estate investment trust (REIT) peers, Ventas’ leaders are committed to senior living going forward. […]
Le Groupe Maurice has burnished its reputation by developing, owning and operating large senior housing communities in the Canadian province of Quebec — but the company also believes its model would work in the U.S., despite differences between the two countries. The reason why is simple, according to Le Groupe Maurice Founder and President Luc […]
Ventas announces expiration and results of senior notes tender offer Ventas (NYSE: VTR) announced the expiration and results of a tender offer for 3.25% senior notes due in 2022, which was announced on September 23. The offer expired at 5 p.m. Eastern on September 29. As of the expiration, a total of $236.3 million aggregate […]
The details of what a post-coronavirus senior living landscape resembles remain cloudy, but the pandemic laid bare the need for the space to evolve faster than it has been. This is according to executives from real estate investment trusts National Health Investors (NYSE: NHI), Ventas (NYSE: VTR), and ReNew REIT, who shared their industry prognoses […]
Colony Capital (NYSE: CLNY) has transferred ownership of 36 senior housing properties to a lender, as a step toward resolving a default. Los Angeles-based Colony is a global digital infrastructure, real estate and investment management firm with $46 billion in assets under management. Its health care portfolio includes senior housing, skilled nursing facilities, medical office […]
As with its other REIT peers, Ventas’ (NYSE: VTR) senior housing segment continued to lag from the impact of Covid-19 in the second quarter of 2020, but is encouraged from positive trends emerging after the pandemic’s initial disruption. Its roster of operators achieved sustained intra-quarterly improvements in leads, movements and clinical results after the massive […]