Real estate investment trust Senior Housing Properties Trust is on track to have $900 million in assets sold or under agreement to be sold by the end of the year, President and Chief Operating Officer Jennifer Francis said Thursday. The moves are designed to reduce leverage and position the REIT for the future.
The transaction to restructure Five Star Senior Living’s business relationship with Senior Housing Properties Trust remains on track to close on Jan. 1, Five Star CEO Katie Potter said Wednesday. In the meantime, the company is investing in workers and looking to rehab as a source of revenue and residents.
J.D. Power released the rankings of eight senior living providers as well as insights gleaned from a survey of residents, family members and friends.
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.
