Despite senior housing net operating income approaching pre-Covid levels in the second quarter of 2022, Welltower (NYSE: WELL) CEO Shankh Mitra sees those results as “mediocre at best.” But that is not because he believes the company’s senior housing partners did especially poorly during the quarter. Instead, he sees a much longer runway for unlocking […]
It’s earnings season, and the message is clear—acquisitions and dispositions are back in a big way. This week, we clued our readers into Welltower’s massive new senior housing portfolio acquisition on the West Coast and Sabra’s plans to offload a serious chunk of skilled nursing change. Here in the newsroom, we were keeping up with […]
Welltower Inc. (NYSE: HCN) has agreed to purchase a portfolio of 19 senior housing properties on the West Coast for $1.15 billion, which will make the Toledo, Ohio-based real estate investment trust (REIT) the largest owner of senior housing in Northern and Southern California. The announcement coincided with the release of the REIT’s 2nd quarter […]
Vintage Senior Living Acquires Culver City, California Community Vintage Senior Living — a family of communities offering independent, assisted living and memory care options across Southern California, Northern California and Washington state — has acquired Grandview Palms, a senior living community in Culver City, Calif. The community has transitioned operations and ownership to Vintage Senior […]
The Ensign Group Acquires Colo. Post-Acute Care Campus The Ensign Group, Inc. (Nasdaq:ENSG) acquired Riverwalk Post-Acute and Rehabilitation, a 60-bed skilled nursing operation; Rock Canyon Respiratory and Rehabilitation Center, an 81-bed skilled nursing operation with a subacute unit; and the Villas at Rock Canyon, a 17-bed independent living and assisted living operation. Each of these […]
Online senior living resource SeniorHomes.com on Tuesday released a list of top-rated senior living communities located in nearly 20 major metropolitan markets across the United States. To generate the Best Senior Living Awards list of top-rated and winning communities, SeniorHomes.com compiled state inspection reports, consulted with more than 200 senior living professionals to get their […]
Construction: Planned Kisco Senior Living & HCN to Build N.C. Senior Living Community Carlsbad, Calif.-based Kisco Senior Living is taking over the development of a N.C. senior living community, reports the News Observer, in a joint venture project with Toledo, Ohio-based Health Care REIT (NYSE:HCN). Kisco is scaling back original plans made by Kane Realty […]
