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 […]

Recovery May Be Stronger for Higher-Acuity Senior Living Communities if Home Sales Stagnate

Higher-acuity senior living communities may have more to gain if home sales continue to slow down and decelerate the pace of move-ins across the country. That’s according to a recent Berkadia report highlighting the outlook for the remainder of the year. Overall, Berkadia’s analysis calls for senior living occupancy to remain around 83% to 85% […]

Moneyball Approach to Trading Senior Living Operators Starts to Take Hold

For more than three decades, Watermark Retirement had never been replaced by a different management company. But times have changed. “We were replaced by Welltower on a few of our communities; but on the other hand, we’re being the replacer, going into some communities,” Watermark Chairman David Freshwater told me recently. Swapping management companies is […]

Ventas Hits Senior Living ‘Key Selling Season’ With Better Margin, Lower Expenses

With year-over-year margin growth of 200 basis points in its senior housing operating portfolio (SHOP), Ventas (NYSE: VTR) is taking advantage of market forces to grow beyond a strongfirst quarter. “We believe that above 90% occupancy and higher margins are also attainable because current supply-demand conditions are materially more favorable than they were during the […]

Activist Shareholder Land & Buildings Again Takes Aim at Ventas Management, Alleging Underperformance

Activist shareholder Land & Buildings is still not pleased with Ventas (NYSE: VTR) more than a year after first taking aim at the company’s leaders over claims of mismanagement and underperformance. In an open letter to the Ventas board, Land & Buildings Founder Jonathan Litt said the company plans to vote against Board Chair and […]