Brookdale Senior Living once again tops the American Seniors Housing Association’s lists of largest seniors housing owners and operators, which were released Wednesday.
The Brentwood, TN-based provider, as of June 1, owned 786 communities with 65,854 units and operated 994 properties with a total of 96,026 units, according to the 2018 ASHA 50, which features two 50-company rankings based on beds/units.
Brookdale’s position on at least one of the lists in future years remains to be seen as CEO Lucinda “Cindy” Baier in June announced plans to reduce the number of communities in the company’s portfolio by at least 20% over the next two or three years. Since the announcement, the company’s ownership or operating portfolios have been trimmed through deals involving real estate investment trusts Welltower, Ventas and HCP, among other moves.
Welltower, in the No. 2 position on the 2018 ASHA 50 list of owners, is behind Brookdale by only 713 units.
But Brookdale most likely would remain at the top of ASHA’s list of operators in the near future even given the planned downsizing. LCS, in the No. 2 spot for 2018, had 130 communities with a total of 33,883 units as of June 1.
Other companies in the top 10 on both of ASHA’s lists were the Evangelical Lutheran Good Samaritan Society and Senior Lifestyle.
The Sioux Falls, SD-based Good Samaritan Society ranked No. 9 on the list of owners and No. 10 on the list of operators. As of June 1, the organization owned and operated 81 properties with a total of 13,927 units, according to ASHA.
Good Samaritan could grow in the future through its merger with Sanford Health, which had been operating three senior living communities of its own, although a Good Samaritan spokesman previously told McKnight’s Senior Living that the organizations were still working out the details of the affiliation. The two entities also had been operating a joint venture, Prospera, involving five senior living communities, since 2016.
Senior Lifestyle ranked No. 10 on the list of owners and No. 8 on the list of operators. The Chicago-based company, as of June 1, owned 143 communities with a total of 13,718 units and operated 195 communities with a total of 19,949 units, ASHA said.
See the accompanying tables for the top 10 companies on each list, and see the ASHA 50 for additional information.
The 2018 edition of the ASHA 50 is the association’s 25th annual compilation. Data come from senior officers at the companies as well as other sources, such as public filings.
Unit totals include independent living, assisted living and memory care, as well as skilled nursing beds that are part of larger complexes such as continuing care retirement communities, also known as a life plan communities. Beds in stand-alone skilled nursing facilities or properties that consist of more than 30% skilled nursing are not included, nor are subsidized housing units.
