Senior Housing Properties Trust has completed the sale of 15 skilled nursing facilities for $8 million as part of its plan to sell up to $900 million in assets by the end of this year in connection with the restructuring of its business arrangements with Five Star Senior Living.
Navion Senior Solutions is more than tripling the number of senior living communities it develops, constructs, manages or advises through a partnership with Longview Senior Housing Advisors, the company announced Monday.
Newton, MA-based Five Star Senior Living said Monday that it will undertake a reverse stock split to regain compliance necessary to be listed on the Nasdaq.
Despite a 15% reduction in units over the past year, Brentwood, TN-based Brookdale Senior Living is “still well ahead of the rest of the pack,” holding onto the No. 1 spot on Argentum’s new list of the 140 largest senior living providers, the association said Wednesday.
Brentwood, TN-based Brookdale Senior Living tops the 2019 ASHA 50 list of largest U.S. senior housing operators, and Toledo, OH-based real estate investment trust Welltower tops this year’s ASHA 50 list of largest owners.
Appointments at Beazer Homes USA, Brookdale Senior Living, Caruth Haven Court, Conservatory at Plano, Discovery Senior Living, Five Star Senior Living, Integral Senior Living, LeadingAge Florida, LeadingAge PA, Maplewood Senior Living, Marcus & Millichap, Perkins Eastman, the National Center for Assisted Living, Veltex Corp. and Waltonwood Lake Boone.
Senior Housing Properties Trust executives said Thursday that they are “really happy and confident” about moves being made at its largest tennant, Five Star Senior Living, under President and CEO Katherine “Katie” Potter, who began in the roles in January.
Five Star Senior Living reported its first quarterly profit in six full years, realizing a net income of $4.2 million for the second quarter of 2019, President and CEO Katherine “Katie” Potter said Wednesday on the company’s second-quarter earnings call.
An overwhelming 83.9% of Five Star Senior Living shares were voted in favor of a provision key to restructuring the company’s business arrangement with Senior Housing Properties Trust at Five Star’s annual stockholders’ meeting on Tuesday, the Newton, MA-based company announced Wednesday.
Senior Housing Properties Trust is selling all of its stand-alone skilled nursing facilities as part of an “aggressive disposition plan,” but hopes to capitalize on the expected demand for senior housing, executives said Thursday.
