In late June, Harbor Retirement Associates (HRA) held the grand opening for a new community in Princeton, New Jersey — and the company is set to add other newly developed properties this year, as the business recovers from Covid-19. “We kept the development pipeline going throughout Covid, which was a major feat,” CEO Sarabeth Hanson […]
Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]
One word describes Argentum’s 2021 list of the 150 largest providers in senior living: Disruption. Acquisitions and divestitures across the industry resulted in several changes on the list: nearly 30 providers moved up or down 10 or more spots, or are new entrants. Among the top 10 providers on the list, Atria Senior Living rose […]
When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]
Welltower’s recent transaction to acquire 86 properties for nearly $1.6 billion in conjunction with Atria Senior Living’s acquisition of Holiday Retirement was at the right price and the right time. That’s according to several analysts who weighed in on the Toledo, Ohio-based company’s plan to acquire the portfolio of 80 nearly identical independent living communities […]
Atria Senior Living is acquiring the management services business of Holiday Retirement, while Welltower (NYSE: WELL) is buying the 86 properties that Holiday owned and self-managed. Welltower’s acquisition is valued at $1.58 billion. The deal represents the combination of two senior living heavyweights: Winter Park, Florida-based independent living giant Holiday, which ranked no. 3 in […]
LCS has hired a new head of business development, as the company continues implementing a new program to enhance its operations and prepare for sustained growth. The Des Moines, Iowa-based company hired Joe Weisenburger as vice president, senior director of business development, effective July 6. He joins LCS from Welltower (NYSE: WELL), where he was […]
Founded in 2019, Monarch Communities has quickly established itself as a vertically integrated senior living company, with a newly announced equity investment from real estate investment trust Welltower (NYSE: WELL). The investment is a vote of confidence in a recently formed company from one of the largest institutions in the sector, but Monarch’s leaders think […]
Welltower (NYSE: WELL) improved its near- and long-term liquidity. The Toledo, Ohio-based health care real estate investment trust closed on an expanded $4 billion unsecured revolving line of credit. This will replace an existing $3 billion credit facility. Additionally, Welltower has two existing facilities outstanding: a $500 million term loan and a $250 million Canadian […]
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 Benchmark Plans Assisted Living Expansion at New Hampshire Community Benchmark is adding new assisted living apartments at its Benchmark Senior […]
