Sales leads down 50 percent and ‘continued deterioration’ expected due to COVID-19, Five Star says
By
Lois A. Bowers
May 08, 2020
Average sales leads per week seen by Five Star Senior Living in April were approximately half of what they typically are, and the company expects “continued deterioration” as the effects of...
Five Star earnings fail to meet expectations, Diversified succeeds
By
Amy Novotney
Mar 03, 2020
As a result of the sale of 18 skilled nursing facilities during the second and third quarters of 2019, Five Star Senior Living announced that its senior living revenue for the fourth quarter of 2019 decreased...
Restructuring affects 243 communities operated by Five Star Senior Living
By
Lois A. Bowers
Jan 03, 2020
A total of 243 senior living communities operated by Five Star Senior Living are affected by the restructuring of business arrangements between the company and real estate investment trust Diversified...
Senior Housing Properties Trust announces name change, $208 million in property sales
By
Lois A. Bowers
Jan 02, 2020
Real estate investment trust Senior Housing Properties Trust changed its name to Diversified Healthcare Trust, effective yesterday, while also announcing that it had completed $207.8 million in property...
Senior Housing Properties Trust on track to sell $900 million in assets by end of year, president says
By
Lois A. Bowers
Nov 08, 2019
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...
Senior Housing Properties Trust sells 15 SNFs for $8 million as restructuring continues
By
Lois A. Bowers
Sep 24, 2019
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...
Brookdale, Welltower top 2019 ASHA 50 lists of largest senior living operators, owners
By
Lois A. Bowers
Sep 04, 2019
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...
Senior Housing Properties Trust ‘really happy’ with Five Star moves
By
Lois A. Bowers
Aug 09, 2019
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...
‘No longer doubt’ about Five Star’s future as company reports first quarterly profit since 2013,...
By
Lois A. Bowers
Aug 08, 2019
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...
Five Star Senior Living restructuring plan overwhelmingly approved
By
Lois A. Bowers
Jun 12, 2019
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...