This article is a part of your SHN+ membership Senior living is a luxury good that nobody aspires to own. I’ve been thinking about this statement from former Welltower CEO Tom DeRosa in light of recently released data, as well as conversations that occurred at our recent Senior Housing News WELLNESS event in Atlanta. The […]
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. Construction: Planned Galerie Living Prepares for next stage of development After the Montgomery County Council approved the rezoning of a 12-acre parcel, Galerie Living is preparing […]
Welltower (NYSE: WELL) has updated its annual guidance, a sign that the real estate investment trust has a more rosy view of the senior living industry’s recovery. In a business update issued Tuesday, Welltower reported it now expects to achieve normalized funds from operations (NFFO) in a range of $3.43 to $3.56 per diluted share […]
Higher-acuity senior living communities may have more to gain if home sales continue to slow down and decelerate the pace of move-ins across the country. That’s according to a recent Berkadia report highlighting the outlook for the remainder of the year. Overall, Berkadia’s analysis calls for senior living occupancy to remain around 83% to 85% […]
For more than three decades, Watermark Retirement had never been replaced by a different management company. But times have changed. “We were replaced by Welltower on a few of our communities; but on the other hand, we’re being the replacer, going into some communities,” Watermark Chairman David Freshwater told me recently. Swapping management companies is […]
Sunrise Senior Living is slated to strengthen its foothold in New York City’s budding luxury senior living market. The McLean, Virginia-based company is in the coming weeks opening its forthcoming community in Manhattan’s Upper West Side. Construction on the community wrapped up earlier in the year, according to local news publication New York Yimby. Like […]
With $10 billion in debt maturities coming due in 2023, margins still compressed and staffing challenges still simmering, operators have their work cut out for them in the crucial months ahead. But for all the problems left to solve, there is still a sense that the worst is now behind the industry in many respects. […]
Brookdale Senior Living (NYSE: BKD) is building momentum for future growth in part by expanding on a model that emphasizes technology and care coordination, and supports the goals of value-based care. The growth of this model — dubbed Brookdale HealthPlus — was among the first topics that CEO Cindy Baier brought up during the Brentwood, […]
With strong senior housing portfolio performance in recent quarters, and plans to launch its self-managed operating platform later this year, leaders at Welltower (NYSE: WELL) expect momentum to carry the company forward in 2023. The Toledo, Ohio-based REIT reported total portfolio NOI growth of 11% compared with the first quarter in 2022, a result that […]
Leaders with Welltower (NYSE: WELL) have shared progress and new improvement plans for the company’s legacy Holiday Retirement portfolio, now operating under the brand name Holiday by Atria. In 2021, Welltower bought 86 properties that Holiday Retirement formerly owned and self-managed in conjunction with Atria’s acquisition of the company’s management services. At the time, the […]
