Operations, profitability remain stable for CCRCs, Fitch says
By
Lois A. Bowers
Sep 06, 2018
Operations and profitability remain stable for U.S. continuing care retirement communities, according to a newly released report from Fitch Ratings. Ratings pressure could be on the way, however.
City settles with Justice Department, will pay $410,000 for not approving affordable housing development
By
Lois A. Bowers
Aug 27, 2018
The Village of Tinley Park, IL, will pay $410,000 to settle a lawsuit alleging that it violated the Fair Housing Act when it refused to approve an affordable housing development in response to race-based...
Independent living is strongest performer over past four years
By
Lois A. Bowers
Aug 23, 2018
Independent living has been the strongest-performing senior housing segment overall in the primary markets since the most recent market cycle peak that was reached in the fourth quarter of 2014. That’s...
Capital Senior Living CEO Larry Cohen to retire
By
Lois A. Bowers
Aug 22, 2018
Lawrence A. Cohen, vice chairman and CEO of Capital Senior Living Corp., will retire effective Jan. 1, the company announced this morning. Cohen has been with the company for 21 years, 19 as CEO.
New Senior to pay $50 million to bring management in-house after strategic review
By
Lois A. Bowers
Aug 10, 2018
New Senior Investment Group expects to save $10 million annually by bringing its management in-house, the REIT announced Thursday as it released its second-quarter financial results. But first the company...
Brookdale road test of turnaround strategy leads to ‘renewed focus,’ CEO says
By
Lois A. Bowers
Aug 08, 2018
Recent visits that saw approximately 20 members of the company’s senior leadership team work in Brookdale Senior Living communities across the country affirmed that the company is on the right track...
National Health Investors open to joint ventures, RIDEA deals, CEO says
By
Lois A. Bowers
Aug 08, 2018
National Health Investors executives said Tuesday that they are pleased with the real estate investment trust’s financial performance and are seeking new types of deals with operators outside of...
Senior Housing Properties Trust looks to other segments while senior living challenges continue
By
Lois A. Bowers
Aug 08, 2018
Senior Housing Properties Trust is focusing its acquisitions energy on its life science and medical office building segments as it waits for senior living challenges to lessen, President and Chief Operating...
People in the news, Aug. 7
By
Meredith Beirne
Aug 07, 2018
Promotions and appointments at Brookdale Senior Living, Charter Senior Living, Epoch Senior Living, Erickson Living, Fellowship Community, HCP, Health Dimensions Group, Integral Senior Living, Primrose...
Singapore company buys 50% stake in Watermark for $77 million
Aug 03, 2018
Singapore-based Keppel Corp. Ltd. is entering the senior living market by purchasing a 50% stake in Tucson, AZ-based Watermark Retirement Communities for up to $77.3 million, the company announced Thursday.