Capital Senior Living Gets Rent Forbearance, Lease Terminations from Ventas, Welltower

Capital Senior Living (NYSE: CSU) took another step toward stabilizing its balance sheet. Capital reached rent forbearance agreements with two of its real estate investment trust (REIT) landlords — Toledo, Ohio-based Welltower (NYSE: WELL) and Chicago-based Ventas (NYSE: VTR), the Dallas-based operator announced in an SEC Form 8-K filing on Monday. Additionally, Capital agreed to […]

Coronavirus Appears in Independent, Assisted Living Community in Seattle

After hitting a skilled nursing and rehabilitation facility hard, COVID-19 has continued to spread throughout the Seattle area, with a community that provides independent living and assisted living reporting that a resident has tested positive.  On March 6, Era Living learned that a resident of its Ida Culver House Ravenna community received a presumptive positive […]

Aegis President: Fast-Moving Coronavirus Situation Demands Extraordinary Precautions, Calm Mindset

Senior living providers across the country are taking steps to guard against COVID-19 and have protocols in place should the novel coronavirus infect residents or staff members. But the situation is most urgent for providers with a significant footprint in Washington state, where the first U.S. coronavirus deaths occurred and where the virus has already […]

Transactions & Financings: Columbia Pacific’s $177M Canadian Portfolio Sale; New Senior’s $270M Refinancing

Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, OntarioThe Bradley Gracious Retirement Living, an independent living community in […]

Welltower CEO: We Aim To Mimic High-End Senior Living at $1,000 Price Point

Real estate investment trust Welltower (NYSE: WELL) made headlines last week with the official introduction of its new middle-market brand, welltowerLIVING. On Monday, Welltower CEO Tom DeRosa provided additional insight into how the plans for welltowerLIVING fit into a larger strategy to create senior living options for the vast cohort of aging middle-income baby boomers. […]

Frontier Brings New Hospitality, Memory Care Approaches to Fast-Growing Portfolio

Frontier Management hit an important milestone last year: its 100th community. While the Portland, Oregon-based senior living operator had been on an upward growth trajectory, its portfolio expanded rapidly last June with the addition of 20 memory care communities owned by real estate investment trust Welltower (NYSE: WELL) and formerly operated by Silverado. Now — […]