New Senior Investment Group is moving a group of 51 Holiday Retirement communities that have "lagged expectations" from its triple-net lease portfolio to its portfolio of managed properties as part of an ongoing strategic review process, the REIT said Thursday.
It's no secret that recruiting and retaining employees is the biggest challenge facing senior living and long-term care operators. Sometimes it takes some creativity to stand out to current and prospective workers.
Citing "negative pressures" related to supply and increased competition, New Senior Investment Group CEO Susan Givens said Friday that the real estate investment trust is considering various "strategic alternatives" to help increase shareholder value.
Promotions and appointments at Allegro, Asbury Communities, Benchmark Senior Living, Cadence Senior Living, Holiday Retirement, Lancaster Pollard, LCB Senior Living, Luther Manor, P.B. Bell and Wingate Healthcare.
Sunrise Senior Living, Holiday Retirement and Capital Senior Living had the highest scores in the inaugural study of senior living conducted by J.D. Power, the consumer research company announced Monday.
The American Seniors Housing Association launched a new Senior Living Hall of Fame and inducted six industry veterans at its annual meeting.
SeniorAdvisor.com announced that more than 1,600 senior living communities have been recognized as among the best in the business.
This year's list features 115 companies with a total of almost 550,000 independent living, assisted living and memory care units.
National Health Investors is watching the performance of Brookdale Senior Living and Holiday Retirement very closely, the real estate investment trust's president and CEO, Eric Mendelsohn, said Wednesday on a third-quarter earnings call. But he has a "bragging list," too.
Holiday Retirement's operating model change from live-in property managers to more traditional executive directors continued to affect occupancy in New Senior Investment Group's independent living portfolio in the third quarter. But things are looking up, executives said.
More than 70 Elmcroft Senior Living properties currently in Ventas' portfolio will be transitioned to a new management company led by a former Holiday Retirement and HCP executive early next year, Ventas Chairman and CEO Debra Cafaro said Friday. The communities will be owned by Ventas and an institutional investor in a joint venture, she added.
New Senior Investment Group will decrease its skilled nursing exposure and increase its independent living exposure before the end of the year when it completes the sale of $296 million in Life Care Services and Holiday Retirement communities in Florida and Texas, the real estate investment trust announced Thursday.
As senior living providers in Florida brace for the possible effects of Hurricane Irma, operators with properties in Texas are beginning relief efforts to help those affected by Hurricane/Tropical Storm Harvey.
Chicago-based Enlivant Senior Living for the first time is ranked among the top 10 largest senior housing owners in the United States on the 2017 ASHA 50 list.
A photo from a Texas assisted living community became a social media sensation on Sunday, sending visual confirmation of the destruction that Hurricane/Tropical Storm Harvey brought to the Lone Star State across the country and around the world. Behind the scenes, both small and large senior living operators on the Gulf Coast were dealing with historic levels of rain and other effects through the weekend and on Monday.
Holiday Retirement properties in real estate investment trust NHI's portfolio have seen a steady increase in occupancy over the past three months as the country's largest independent living operator finished implementing a change in its management model, NHI Executive Vice President of Investments Kevin Pascoe said Wednesday during a second-quarter earnings call.
Holiday Retirement's operating model transition, which saw community oversight change from live-in managers to more traditional executive directors over the past year, continued to affect occupancy in the second quarter and, therefore, the portfolio performance of New Senior Investment Group, the publicly traded real estate investment trust's CEO, Susan Givens, told participants in a Thursday earnings call.
Seattle-based senior housing developer and owner Columbia Pacific Advisors and its founders announced the pending purchase of Hawthorn Retirement Group, a Vancouver, WA-based owner, developer and operator of senior housing communities in 20 states and two Canadian provinces, on Monday.
A New Senior Investment Group shareholder has amended a lawsuit that alleges that members of the real estate investment trust's board acted in their own self-interest when they acquired 28 independent living properties from affiliates of Holiday Retirement for $640 million in 2015.
Even if seniors housing operators won't be directly affected by legislation that partially or fully replaces the Affordable Care Act, the reform efforts still are important to them, National Health Investors President and CEO Eric Mendelsohn told analysts Tuesday during a first-quarter earnings call. He also discussed Holiday Retirement's occupancy challenges.
Holiday Retirement's transition from live-in property managers to more traditional executive directors has negatively affected occupancy at its communities, New Senior Investment Group executives shared Thursday in a first-quarter earnings call.
The country's largest independent living operator and second-largest overall senior living company announced Wednesday its intentions to move its headquarters from the West Coast to the East Coast this year.
What started around 2011 as an effort to find a better way to establish appropriate unit rents has led Holiday Retirement to consistently realizing a 10% revenue increase from new leases and receiving an international award.
The live-in managers of Lake Oswego, OR-based Holiday Retirement senior living communities are moving out as the company changes its management model to a more traditional one.
Tokyo-based SoftBank Group Corp. will acquire New York City-based Fortress Investment Group for $3.3 billion in cash, the companies announced Tuesday.
American Seniors Housing Association President David Schless talks about the progress seniors housing has made — and the road ahead.
The son of a Missouri senior living resident who died after falling off her apartment balcony has withdrawn his lawsuit against the community because his sister is facing a murder charge in an unrelated case.
A case involving the country's biggest private owner and operator of independent living communities for older adults was the largest single civil collection resolved by the U.S. Attorney's Office for the District of Oregon in 2016, the office said in an end-of-year review.
Caring.com has released its list of "Caring Stars 2017," and 254 senior living communities made the cut. Sixty-seven communities also have been named "Caring Super Stars" for having earned awards in three or more years since the program's inception in 2012.
Independent living remains a very attractive subsegment of senior living for New Senior Investment Group, for several reasons, executives with the publicly traded real estate investment trust said during a Wednesday third-quarter earnings call.