Welltower and Canada-based Chartwell Retirement Residences have dissolved their joint venture, first announced in 2021. Welltower said this week in a business update that the agreement to dissolve will...
Senior living seeing ‘better-than-expected momentum’
By
Kathleen Steele Gaivin
Feb 05, 2024
Senior living occupancy fell short of expectations last year but ended the year with “better than expected momentum … that sets the stage for a favorable outlook in ’24,” according to a new report...
Welltower SHOP sees 4th consecutive quarter of 20+ percent NOI growth
By
Kathleen Steele Gaivin
Nov 01, 2023
Net operating income growth in Welltower’s senior housing operating portfolio exceeded 20% for the fourth consecutive quarter, CEO Shankh Mitra said Tuesday during the company’s latest earnings call.
Age-diverse ‘urban village’ model aims to keep older adults in the city
By
Kathleen Steele Gaivin
Feb 02, 2023
Repurposing downtown real estate into age-diverse housing could be a more affordable alternative to traditional retirement communities out in the suburbs, where older adults and other residents may feel...
Ventas, Welltower comment on COVID-19; Genesis reports 4th-quarter loss
By
Amy Novotney
Mar 18, 2020
The CEOs of two large senior housing real estate investment trusts reassured their residents, staff and investors Tuesday that the companies are prioritizing resident and staff health and safety above...
Welltower invests $850 million in third quarter
By
Kathleen Steele Gaivin
Oct 05, 2022
Toledo, OH-based Welltower invested almost $850 million in the third quarter and has announced or completed the deployment of approximately $8.6 billion in capital since October 2020, the real estate investment...
Welltower makes ‘transformational strides’ in ESG initiatives: report
By
Kathleen Steele Gaivin
Jul 21, 2023
Toledo, OH-based Welltower experienced a year of “significant achievement” across many environmental, social and governance categories, according to the real estate investment trust’s annual ESG...
Genesis announces restructuring, voluntarily delists from NYSE
By
Amy Novotney
Mar 04, 2021
Genesis HealthCare will institute a three-part plan to improve its financial metrics and cut debt by $236 million, the company announced Wednesday. The plan includes a voluntary delisting from the New...
REIT ownership linked to decline in RN staffing, increases in LPN, CNA use
By
Kathleen Steele Gaivin
Jan 27, 2023
Nursing homes, after being purchased by a real estate investment trust, are likely to see increases in licensed practical nurse and certified nursing assistant staff hours per resident day of 2.15% and...
Welltower touts ‘strengthening fundamentals’ in third quarter
By
Kathleen Steele Gaivin
Sep 12, 2023
The third quarter has been marked by “strengthening seniors housing fundamentals driving continued momentum during peak leasing season,” Toledo-based real estate investment trust Welltower said Monday...