Alarms are sounding that the U.S. will enter an economic recession in the foreseeable future, and many operators are preparing for a range of outcomes, from a bumpy landing to business as usual. Rising interest rates, slumping financial markets, and inflation are all causes for concern at a time when operators are already grappling with […]
Transactions The Green House Project and the Pioneer Network Team Up The Green House Project and Pioneer Network announced they would enter into a formal alliance with the goal of sparking cultural, organizational and physical change in senior living and senior care. The two brands share roots and have long worked together. The Pioneer Network […]
Transactions 12 Oaks Managing 4 Longview Communities in Oklahoma 12 Oaks Senior Living deepened its relationship with Longview Senior Housing by taking on management of four assisted living and memory care communities in Oklahoma. In addition to the four Oklahoma communities, 12 Oaks manages six Longview senior living communities in Texas. Financings Ziegler Closes Nearly […]
Amid short-term headwinds that are threatening occupancy rates and driving up expenses, monthly fees for independent living residents in not-for-profit communities have reached historic levels in 2022. Some not-for-profit operators are even contemplating more rate hikes in the midpoint of this year. That’s according to a report published by Chicago-based speciality investment bank Ziegler. The […]
The lending environment within the senior housing sector became more competitive, with borrowing activity increasing in 2021. Banks returned to the market during the second half of 2021 in particular, according to lender survey results released Friday by Chicago-based speciality investment bank Ziegler. One respondent noted $700 million 2021 volume, compared to $600 million in […]
Early in 2020, senior living operators had hoped the pandemic would result in only a temporary hit to margins. They are still under bottom-line pressure as the pandemic enters its third year. The industry is reeling from a one-two punch of depressed occupancy and elevated expenses, with inflation on the rise and workforce challenges leading […]
Sales Harrison Street Sells 5 to The Springs Living for $193M Harrison Street announced the sale of a portfolio of five senior housing properties to The Springs Living at a value of $193.5 million. The portfolio includes 622 independent living, assisted living, and memory care units located in Eugene and Medford, Oregon; and Butte and […]
Acquisitions HMP Global Acquires SMASH Malvern, Pennsylvania-based HMP Global announced it has reached an agreement with Senior Care Events to acquire the Senior Care Marketing & Sales Summit (SMASH) from Senior Care Events, which is owned by Macgregor Communications and Validated Learnings. SMASH is a meeting for senior housing marketing and sales executives. The 2022 […]
Average occupancy for life plan communities rose to 85.7% in the fourth quarter of 2021, representing a gain of 1.4 percentage points from pandemic lows seen in the first two quarters of last year. But despite the rebound in occupancy, life plan communities still have more occupancy to regain before the sector is back to […]
Sales NHI closes three sales to wrap up 2021 National Health Investors (NYSE: NHI) announced the sale of three senior housing communities in December, according to an update from the real estate investment trust. The three sales include: A 76-unit property, located in Marysville, Ohio, netted $12 million in gross proceeds plus $3.6 million for […]
