Welltower CEO: ‘Perfect Storm’ of Expenses Hit Senior Living but Revenue Grew at Historic Pace

Senior living expenses rose sharply in the third quarter of 2021, but operators working with real estate investment trust Welltower (NYSE: WELL) also benefited from historically strong revenue growth, and they are driving rate to keep margins in check. In fact, Welltower posted the strongest sequential revenue growth in the company’s history last quarter, with […]

[Updated] Welltower to Acquire 4 Senior Housing Portfolios for $1.3 Billion

Continuing its aggressive investment in senior housing, Welltower (NYSE: WELL) on Thursday announced agreements to acquire four portfolios for $1.3 billion, including the $580 million acquisition of 14 properties managed by Watermark Retirement. “Since pivoting to offense 13 months ago, Welltower is pleased to have executed on its value-driven investment thesis, largely through granular and […]

Promising Signs on Labor, But Senior Living’s Shortcomings on Workforce Have Been Exposed

The ongoing workforce crisis has been among the hottest topics at this week’s National Investment for Seniors Housing & Care (NIC) conference, and attention will be fixed on labor-related numbers when the largest publicly traded senior living owners and operators announce their Q3 2021 earnings later this week. While these earnings calls will provide some […]

In the Pipeline: Kisco, Welltower Break Ground in Maryland; Capitol Seniors Housing Starts Work on New Jersey Project

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned Liberty Plans Assisted Living, Memory Care Community in New Orleans Liberty Senior Living and Felicity Property Co. have announced new […]

Lifespark ‘Holy Grail Deal,’ SCAN Build on Medicare Advantage Momentum in Senior Living

Medicare Advantage (MA) will turn 25 years old in 2022, and the insurance program is not only getting older but more popular among older adults — with senior living providers playing an increasingly prominent role in driving MA growth and innovation. Recent headlines showcase the continuing integration between senior living and Medicare Advantage. Last week, […]

Transactions & Financings: Moody’s Boosts Welltower’s Ratings Outlook; Friendship Village of Tempe’s $104M Bond Issuance

Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The Toledo, Ohio-based real estate investment trust’s (REIT) rating outlook was revised from negative to stable, and its issuer credit rating was revised to “Baa1” status by Moody’s Investors Service. The […]

Northbridge Pursues Middle-Market Assisted Living, Executes $300M in Covid-Era Transactions

In the last four years, the leaders of Northbridge Companies expanded their focus, including through a new joint venture to serve the middle market. And while the company has experienced challenges related to Covid-19, Northbridge also executed on nearly $300 million in transactions during the pandemic. Now, CEO Jim Coughlin and President Wendy Nowokunski are […]

Welltower, Brookdale Occupancy Gains Ease Delta Variant Concerns

Welltower (NYSE: WELL) and Brookdale Senior Living (NYSE: BKD) continue to report solid gains in occupancy, despite a surge in Covid-19 delta variant cases. That is according to business updates released by the two companies on Thursday. Welltower, the Toledo, Ohio-based health care REIT, reported spot occupancy across its senior housing operating portfolio (SHO) of […]