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Seniorhousingnews.com news digest

  • 6 months

    Pacifica Adds 15 Communities in $180.5M Deal, as RHF Shifts Senior Living Strate...

    Privately owned real estate and private equity firm Pacifica Companies has purchased a 15-community portfolio from Retirement Housing Foundation.
    That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, which advised on the $180.5 million transaction for the non-profit....

  • 6 months

    Discovery CEO: ‘Big, Final’ Restructuring Push is On with DMG Launch and Comvest...

    The transformation of Discovery Senior Living in recent years has included rapid growth and the launch of various operating companies.
    With the creation of the Discovery Management Group (DMG) and a new credit facility from Comvest Credit Partners, the company is almost completely reorganized and ready to begin the next chapter, CEO Richard Hutchinson told Senior Housing News....

  • 6 months

    In the Pipeline: MorningStar Opens Colorado Community; Sunrise Expands in Califo...

    In the Pipeline is part of your SHN+ subscription
    In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living.
    Construction: In Progress...

  • 6 months

    Senior Living Resident Rates Still On the Rise, But at a Slower Pace

    Senior living operators continue to push rental rate increases, but a new data release shows the pace of those increases is decelerating.
    In an analysis of aggregated pricing data from 1,700 communities, LivingPath, an online platform that collects and provides data on senior housing communities, found that rates are rising 20% to 30% less quickly in 2024 compared to 2023 and 2022....

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