For the first time in a long time, I am hearing general optimism about the senior living labor market. Owners and operators have expressed this optimism in conversations I had at the ASHA conference, in recent presentations from public companies, and in reporting that we’ve done for Senior Housing News stories. Some of the momentum […]
Welltower
Welltower (NYSE: WELL) has entered into a definitive agreement to purchase a 25-property senior apartment portfolio from real estate firm Calamar for $502 million. The communities are located on the East Coast and in the Midwest, and carry average monthly rents of $1,300 per unit and an average resident length of stay above five years, […]
Two senior living leaders have spoken of “self-disruption” in recent weeks. Bickford Senior Living Executive Vice President Alan Fairbanks used the term during his appearance on the SHN podcast, Transform. And HumanGood CEO John Cochrane gave an entire keynote presentation on the concept at the LeadingAge Illinois conference on May 17. Cochrane summed up the […]
With $1.2 billion in investments year-to-date and a near-term $1.5 billion pipeline, Welltower is off to a historically active start this year — and the company’s “coiled spring” recovery has only just begun. Senior housing revenue and occupancy increased in the first quarter of 2022, and at the same time, the Toledo, Ohio-based real estate […]
Welltower (NYSE: WELL) has expanded its relationship with a handful of operators in its senior housing portfolio, including Oakmont Management Group, Cogir Management and Treplus Communities. The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday announced it had agreed to purchase seven senior living communities for a total investment of approximately $344 million, with […]
As the wave of baby boomers approaches the senior living industry, companies playing in the active adult sector are honing their strategies to attract them. Two big trends have emerged in the sector: communities tailored to middle-income residents, with more affordable rates and services; and active adult communities that serve as a platform for health […]
Fast-growing Sparrow Partners is expanding its middle-income active adult model across the U.S. — and looking ahead, the company has its eyes on markets on both coasts. The Austin, Texas-based active adult operator and developer has 10 operating communities and 17 others under development in Arizona, Florida, Nevada, Oklahoma and Texas, with 13 of those […]
Senior living merger and acquisition activity slowed in the first quarter of 2022 after record transaction volumes in 4Q21. There were 127 publicly announced senior housing and care deals in 1Q2022, representing a decline of 9% compared with the previous quarter’s record-breaking total of 140 transactions, according to data from Irving Levin Associates. While dealmaking […]
Monarch Communities has bolstered its executive team and moved the company’s headquarters as it looks to expand its relationship with Welltower (NYSE: WELL). The vertically integrated senior living company moved its headquarters to a site in the Baltimore suburb of White Marsh, Maryland, across the street from one of its forthcoming communities. At the same […]
Memory care was among the hardest-hit senior living segments in the early days of the Covid-19 pandemic. Two years and change later, many operators in the space are still recovering. The arrival of Covid-19 tossed disruption into the sector, leading to historic lows in occupancy and a whirlwind of community transitions. While many memory care […]
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