Transactions Stellar Senior Living expands in Arizona Stellar Senior Living announced it has expanded its Arizona footprint with the addition of La Sonora at Dove Mountain in Marana, Arizona. The community offers assisted living, independent living and memory care services, a press release states. Features include “upscale amenities, restaurant-style dining, spacious apartments and an active […]
Ventas
This story is part of your SHN+ subscription The relationship between senior living providers and their capital partners, often real estate investment trusts, private equity or high-net worth investors, is dramatically changing. Pairing with a larger company or REIT can unlock new growth opportunities and resources that operators would not otherwise have on their own. […]
Senior living operator SRI Management has added 13 communities in the last two years, and the company is keeping up the pace in 2025, according to CEO Don Bishop. Tallahassee, Florida-based SRI manages 57 communities across 13 states, with 25 properties located in the company’s home state of Florida. In 2024, SRI added four communities […]
This story is part of your SHN+ subscription The senior living industry is awash in a “perfect storm” of low new supply, high demand, strong rent growth and continued occupancy gains. Those conditions could unlock billions of dollars of capital on the sidelines for new transactions this year. While macroeconomic turbulence in the form of […]
Stellar Senior Living Co-Founder and Senior Vice President Adam Benton believes his company has its best-ever opportunities to expand in 2025 and beyond. Midvale, Utah-based Stellar is on a mission to enrich the lives of 10,000 senior living residents, families and employees by 2030, a goal Benton believes the organization can reach through measured growth. […]
Ventas (NYSE: VTR) has upped its expected acquisition pipeline, representing a new “floor” for investments in 2025, not a “ceiling,” according to Ventas Executive Vice President of Senior Housing and Chief Investment Officer Justin Hutchens. The company recently increased guidance for acquisitions to $1.5 billion, reflecting an active and competitive landscape for new deals. As […]
A little less than two-thirds of senior living communities are at least 17 years old, and that is a challenge that the senior living industry must grapple with in the years ahead. That’s according to the National Investment Center for Seniors Housing and Care (NIC). According to the organization’s data, 45% of all senior living […]
Brookdale (NYSE: BKD) is taking a “SWAT-team approach” to help boost occupancy for low-performing communities as it searches for a new CEO. Currently, 83 communities in the Brentwood, Tennessee-based operator’s total 619-property footprint carry average weighted occupancy rates between 80% and 85%, according to a recent financial filing. Another 77 properties have average weighted occupancy […]
LTC Properties (NYSE: LTC) is executing on its plans to scale its senior housing operating portfolio (SHOP) in 2025, as evidenced by the company’s flurry of activity in the first quarter. This comes as the Westlake Village, California-based company continues on its effort to convert triple-net leases to REIT Investment Diversification and Empowerment Act (RIDEA) […]
This story is part of your SHN+ subscription One comment that CEO Shankh Mitra made on the recent Welltower (NYSE: WELL) earnings call stood out to me. He called the Toledo, Ohio-based real estate investment trust (REIT) “an operating company in a real estate wrapper.” The quote seems to sum up the journey that REITs […]
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