Senior Housing News May 2, 2024
Ventas (NYSE: VTR) is looking ahead with a pipeline full of potential acquisitions in senior living after a strong quarter for its senior housing operating portfolio.
Strong supply-demand dynamics have pushed occupancy gains higher for the Chicago-based real estate investment trust’s (REIT) senior housing operating portfolio (SHOP), which includes 570 properties.
Move-ins across the segment have been on the rise, leading to 240 basis points of same-store average occupancy growth in the first quarter compared with the same period in the prior year. Those gains defied typical seasonal norms and were higher than the company’s expectations for the period outlook of 250 basis points, and give the company’s leaders confidence of continued recovery when coupled with the industry’s ongoing construction...
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