The latest proxy fight between an activist shareholder and Ventas (NYSE: VTR) has come to an end. Activist shareholder Land & Buildings has withdrawn its nomination of the firm’s founder and chief investment officer Jonathan Litt for Ventas’ board, the Chicago-based real estate investment trust announced Monday. The nomination stemmed from concerns that Land & […]
Ventas
Sonida Senior Living (NYSE: SNDA) is on track to reach pre-pandemic occupancy levels in 2022 — but the company’s net operating margin is still lagging behind. With occupancy rates rising and other sales metrics trending positive and a major rebranding effort behind the company, Sonida CEO Kimberly Lody said 2021 was a transformational year. After […]
Occupancy growth in Welltower’s (NYSE: WELL) senior housing portfolio is ahead of previous assumptions for the first quarter of 2022. The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday reported in a business update that average year-over-year occupancy growth for its senior housing operation (SHO) portfolio in 1Q22 is expected to exceed the company’s […]
I did not expect potential senior housing oversupply to be a hot topic at the National Investment Center for Seniors Housing & Care (NIC) conference last week, but I also was not surprised by the concerns. I did not anticipate this would be a hot-button issue because high material costs, construction industry labor pressures and […]
Activist shareholder Land & Buildings has picked another battle with a major senior living company, with the news breaking this week of a proxy fight with Ventas (NYSE: VTR). This latest battle comes after Land & Buildings in 2019 was at loggerheads with Brookdale (NYSE: BKD), unsuccessfully pushing a board nominee and a real estate […]
Activist shareholder Land & Buildings has nominated founder and chief investment officer Jonathan Litt to Ventas’ (NYSE: VTR) board of directors. The company announced it had nominated two candidates, founder and CIO Jonathan Litt and Michelle Applebaum, to stand for election to join the board at Ventas’ 2022 annual meeting. The Stamford, Connecticut-based real estate […]
As leads reach heights not seen since early 2020, leaders with Ventas (NYSE: VTR) believe the company is well-positioned to see the upside of the ongoing senior housing recovery. And looking ahead to the rest of the year, the company’s executives are “expecting significant revenue growth” to the tune of 10% in the first quarter, […]
One topic on the minds of senior living executives everywhere is how long the ongoing recovery will take, and when the industry will return to pre-pandemic conditions. But to American House Senior Living Communities CEO Dale Watchowski, the recovery hinges on the people who work in the industry, and “how much they have left in […]
After Q4 2021 occupancy data came out earlier this month, NIC Chief Economist Beth Mace described the report as “really bullish, encouraging and optimistic.” In the weeks since, my conversations with various operators have confirmed a very positive story for the senior living industry with regard to move-in trends. In this week’s exclusive, members-only SHN+ […]
Brentwood, Tennessee-based Vitality Living and partners Winterpast Capital Partners (WCP) and Sculptor Real Estate announced the acquisition of 10 communities across the Southeastern United States. The communities, located in Florida (5), Kentucky (4), and Alabama (1), were previously owned by Ventas (NYSE: VTR) and operated by Atria Senior Living. Vitality did not disclose financial terms […]
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