Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. Visit SHN […]
Ventas
The management team at Ventas (NYSE: VTR) is seeing its highest senior housing unit revenue in years as operating partners set rates higher for the coming year — but even that is not enough to get the company back to desired margins as cost pressures continue to eat into the bottom line. The Chicago-based real […]
While occupancy and resident rates are ascending within Ventas’ (NYSE: VTR) senior living portfolio, the company has yet to reach its pre-pandemic margins. Although the company’s margins are now higher than they were in 2021, they still lag behind where they were in 2019, when same-store senior housing cash NOI margins were 29.4%. Still, management […]
Four Seasons Health Care, one of the largest senior living providers in England, announced it is placing a majority of its portfolio up for sale three years after its parent companies dealt with insolvency. The company has tapped the services of agency and advisory business Christie & Co. to sell 111 care homes across the […]
For the first time in a long time, I am hearing general optimism about the senior living labor market. Owners and operators have expressed this optimism in conversations I had at the ASHA conference, in recent presentations from public companies, and in reporting that we’ve done for Senior Housing News stories. Some of the momentum […]
As occupancy stabilizes across Ventas’ (NYSE: VTR) senior living portfolio, the company’s management team is confident its operating margin will steadily grow in the next 18 months and beyond. Currently, the company’s operating margin lies in the “low 20s” with a senior housing operating portfolio (SHOP) occupancy rate of 83%, according to Ventas Executive Vice […]
Sonida Senior Living (NYSE: SNDA) has grown occupancy and revenue each quarter in the last year – a sign to CEO Kimberly Lody that the company’s current strategy is paying off. With revenue and occupancy heading in the right direction, Lody said the first-quarter results represent “the beginning of incremental NOI expansion.” Dallas-based Sonida’s communities […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Occupancy and rate growth among operators in Ventas’ (NYSE: VTR) senior housing portfolio helped the company see “outstanding” net operating income growth in the first quarter of 2022. The Chicago-based real estate investment trust (REIT) reported a 14.2% gain in net operating income (NOI) growth for its senior housing operating portfolio (SHOP) in 1Q22, excluding […]
Sunrise Senior Living and Ventas (NYSE: VTR) have entered into a revised management agreement that the companies say will help drive alignment and net operating income (NOI) growth in the months and years ahead. The new agreement consolidates multiple contracts between the two companies into a single master agreement and maintains the companies’ existing average […]
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