KKR is new financial partner for Benchmark
New York-based global investment firm KKR & Co. is a new financial partner for Benchmark Senior Living, buying 48 communities that formerly were owned by real estate investment trust Welltower.
Welltower
Diversity ‘even more critical’ in senior living
Companies operating in senior living increasingly are taking steps to make their boards and C-suites look more like the customers they serve and the workers who serve them. It’s a smart and welcome approach.
Second quarter, with $2.6 billion in gross investments, ‘not driven by a bunch of deals,’ Welltower CEO says
Welltower’s $2.6 billion in completed gross investments made the second quarter “one of our busiest ever for investments,” Chief Financial Officer John Goodey said Thursday during the real estate investment trust’s latest earnings call. But “the quarter was not driven by a bunch of deals,” Welltower Chairman and CEO Tom DeRosa said.
More news for Monday, June 17
Revenue from HCR ManorCare helps ProMedica offset operating losses in first quarter … Welltower releases corporate social responsibility report
‘Stay tuned’ as Welltower devises more affordable products for the middle market, CEO says
Although Welltower has “curated” its seniors housing portfolio to focus on properties in “high barrier-to-entry markets,” the real estate investment trust is aware that middle-income individuals will need more affordable options in the coming years, Chairman and CEO Tom DeRosa said Wednesday.
People in the news, May 21
Welltower EVP Mercedes Kerr has been named president of Belmont Village Senior Living. And promotions and appointments at Benchmark Senior Living, Charles E. Smith Life Communities, Friendship Village, GlynnDevins, Integral Senior Living, LeadingAge PA, Legacy Senior Communities, Meyer Design, Presbyterian Senior Living, Sedgebrook, Senior Living Communities, Sodalis Senior Living, Solstice Senior Living and Ziegler.
People in the news, May 7
Appointments, promotions and other personnel news at Affinity Living Group, Atlas Senior Living, Benchmark Senior Living, Capitol Seniors Housing, Five Star Senior Living, HCP, Integral Senior Living, LCS, Plante Moran, Porter Hills, Springpoint Senior Living, United Methodist Retirement Communities and Welltower.
Welltower encouraged by first-quarter senior housing performance
Welltower executives Tuesday said first-quarter senior housing operator portfolio results exceeded expectations in rate, occupancy and labor costs.
Welltower ‘cautiously optimistic’ about senior housing for 2019
Recent portfolio performance and demographic trends have Welltower executives feeling hopeful about senior housing for 2019, they told investors and analysts Tuesday.
Big senior living stories of 2018
Here’s a look at some of the news that occupied many minds in senior living over the past year.
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