Ventas Execs: Predictive Analytics, Operator Transitions Are Driving Senior Living Momentum

Ventas (NYSE:VTR) has a “several hundred million dollar” net operating income opportunity right in front of it — provided the company can reach its pre-pandemic census and NOI levels. Overall, the Chicago-based real estate investment trust (REIT) is targeting an 88% occupancy rate and 30% margin in the coming years, Ventas Chairman and CEO Debra […]

Activist Shareholder Land & Buildings Again Spars With Ventas, Alleging ‘Failure of Oversight’

Investment firm Land & Buildings has once again expressed displeasure over the performance of Ventas (NYSE: VTR) and its senior living portfolio. In an open letter to Ventas shareholders, Land & Buildings Founder Jonathon Litt highlighted his grievances against the management of Ventas, including how it has “failed to outperform the Healthcare REIT Index,” its […]

Wave of Operator Switches Points to Evolving Playbook for Senior Living in Smaller Markets

This article available as part of your SHN+ membership Operator transitions have been making headlines over the last few weeks, with many of the handovers involving properties serving middle-market consumers in secondary markets. The recently announced transitions include: The backstories behind these transitions vary, but many of the communities involved are serving a similar consumer […]

Gardant Management Adds 25 Senior Living Communities to Growing Portfolio

Gardant Management Solutions is growing its presence in the Midwest with the addition of 25 communities to its senior living portfolio. The newly added 25 communities are located in Illinois and Ohio, according to an announcement. Bourbonnais, Illinois,-based Gardant is among the nation’s larger national senior living providers, and with the new management agreements, the […]

Ventas Transitions Management of 26 Communities to Sodalis, Priority Life Care, Discovery Senior Living

Ventas (NYSE: VTR) is transitioning operations of 26 previously troubled communities in three states to three new operators, the company announced Tuesday. All three are existing operating partners for the Chicago-based real estate investment trust (REIT). Sodalis Senior Living is slated to operate 13 communities in Texas, while Priority Life Care is operating eight communities […]

New Demand Dynamics Could Alter Industry’s Assisted Living Vs. Independent Living Balance

This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]

Despite Fears of ‘Death Spiral’ for Small Buildings, Seasoned Operators See Promise in Enlivant Portfolio

Earlier this spring, I received a LinkedIn message related to the future of the TPG/Sabra Healthcare REIT (Nasdaq: SBRA) joint venture senior living portfolio, operated by Enlivant. The message was from a relative of a resident, sharing a letter stating that a new operator would soon be taking over. I eventually learned the future operator […]