Brookdale Senior Living (NYSE: BKD) will forgo a renewal option on a master lease with Ventas for 120 communities. Brookdale did not exercise its right to extend the term of the master lease between both companies for a renewal that would have started in 2026, according to the Chicago-based real estate investment trust (REIT), which […]
While it’s still uncertain how the incoming administration of President-elect Donald Trump will impact the senior living industry, Brookdale CEO Cindy Baier is “hopeful” the industry can elevate the issue of affordability as the new administration settles in. During Trump’s first term, Brookdale (NYSE: BKD) worked “closely” with the previous administration throughout the Covid-19 pandemic, […]
Discovery Senior Living CEO Richard Hutchinson is preparing the company to grow its regionally-focused operating model in the years ahead. Hutchinson expects that 2025 will be “the year the shovels come out,” and Discovery has been approached by several lending groups regarding potential new development. But don’t expect Discovery to dive head-first back into building […]
Canadian senior living operator Le Groupe Maurice has built a portfolio of high-performing communities geared toward active older adults in Quebec, setting the stage for a much wider expansion in the years ahead. As of this moment in 2024, the company’s average occupancy lies at about 98%, with waitlists at most of its communities. With […]
This story is part of your SHN+ subscription. Another REIT has joined the RIDEA bandwagon. During a third quarter earnings call on Oct. 29, LTC Properties (NYSE: LTC) CEO Wendy Simpson said she was a “new convert” of the RIDEA operational structure. “For those of you who have followed us a long time, you know […]
Ventas (NYSE: VTR) is seeking to further ramp up its investments in senior living in the months ahead as it continues to push margins and occupancy higher in its senior housing operating segment. In the third quarter of 2024, Chicago-based real estate investment trust (REIT) invested nearly $937 million to acquire 26 properties for its […]
LTC Properties (NYSE: LTC) CEO Wendy Simpson said she’s now a “new convert” of the RIDEA lease structure after years of being “anti-RIDEA,” with the real estate investment trust pivoting to conversions heading into 2025. During a call with investors and analysts covering third-quarter results, Simpson and Co-President and Chief Investment Officer Clint Malin outlined […]
Many senior living companies are subsisting on renovation and repositioning as new development remains slow. As they undertake new projects, they are putting a lot of thought into what will get the most bang for their buck. With projects usually totaling millions of dollars, operators must get return on their investment in some fashion, be […]
This article is part of your SHN+ subscription This week Brookdale Senior Living (NYSE: BKD) announced it will buy 41 of its leased communities for $610 million, increasing the company’s share of owned and managed units to about two-thirds of its total portfolio. Brookdale funded the transaction – more precisely, three separate deals with different […]
This story is part of your SHN+ subscription There is a growing focus on finding alignment between the owners of senior living communities and the operators that manage them – but doing so is not always easy. Leaders of senior living real estate investment trusts (REITs) such as Ventas (NYSE: VTR) and Welltower (NYSE: WELL) […]
