Balfour Senior Living has become an affiliate of Kisco Senior Living, creating a combined entity of 35 communities with more than 5,000 apartments. The two privately held companies announced the transaction on Oct. 13, but did not disclose any financial details. Going forward, Kisco Founder and CEO Andy Kohlberg will serve as CEO of the […]
Welltower
This article available as part of your SHN+ membership All signs point to 2024 being another banner year for the growth in the active adult sector, judging by recent news. Among the active adult-related headlines and storylines from the last few weeks, a few featured Greystar. Thanks to its sizable active adult portfolio, the company […]
Welltower (NYSE: WELL) CEO Shankh Mitra is feeling more bullish on the senior living industry, a mood that was reflected in the company’s newly upped financial guidance for the rest of the year. Recent promising performance and “major breakthroughs” in data are a big part of the reason why. On Monday, the Toledo, Ohio real […]
This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]
This article is a part of your SHN+ membership Last week, Welltower (NYSE: WELL) announced it was moving to dissolve its joint-venture partnership with Revera and sell its ownership stake in Sunrise Senior Living in favor of launching a new management platform with Cogir in Canada. Welltower is rolling out the operating platform in parts […]
Financings Ziegler Closes $212.9M financing Chicago, Ill.-based investment bank Ziegler announced the successful closing of Seafields at Kiawah Island’s $212.93 million series 2023 bonds. The community will be a licensed continuing care retirement community and is planned to include 90 IL units and 16 AL units. Amenities include full-service dining, bar, bistro, outdoor infinity pool, […]
This article is a part of your SHN+ membership If I had any hope that tensions are easing between senior living operators and their capital partners, that was dispelled at Senior Housing News’ recent BRAIN conference. There, one operator executive told me that he was glad capital providers were not at the event — so […]
Welltower (NYSE: WELL) has spent the last few years retooling its relationships with its numerous operating partners — and now, the company is poised to launch a new senior housing operating platform that will “truly transform our company in the next chapter of this evolution,” according to CEO Shankh Mitra. On Monday, Welltower management announced […]
Welltower (NYSE: WELL) has announced its intent to dissolve a joint-venture agreement with Revera and sell its 34% ownership stake in Sunrise Senior Living to the Mississauga, Ontario-based company, which is also the operator’s owner. The Toledo, Ohio-based real estate investment trust (REIT) announced on Monday a series of transactions that included acquiring from Revera […]
Sunrise Senior Living has opened its second high-rise in New York City — and the company’s “robust premium pipeline of new development” could see expansion to other senior living hotspot markets, Senior Vice President of Operations Denise Falco tells Senior Housing News. On Monday, the McLean, Virginia-based senior living operator announced the opening of The […]
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