ASHA, Seniors Housing Business Reveal Top 50 Owners/Operators in the Industry

by Jeff Shaw

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) and Seniors Housing Business magazine have released the 2016 ASHA 50, which catalogues the largest 50 owners and operators of seniors housing communities in the United States.

Based in Washington, D.C., ASHA is a research and advocacy organization for the seniors housing industry. To view the digital edition of the ASHA 50 results, produced by Seniors Housing Business, click here.

To determine the top 50 owners and operators, ASHA assembled a list of prospective ranked companies. A senior officer from each firm provided current holdings as of June 1 of this year. Data was also used from outside sources, such as public filings.

For the purposes of the results, rankings are based on seniors housing units, which include independent living units, assisted living beds, memory care units and skilled nursing beds. They include both rent-based and entry-fee-based units designed and operated exclusively for seniors.

Owner/operator Brookdale Senior Living once again took the top spot for both lists, with an ownership portfolio of 78,595 units (945 properties) and operational portfolio of 104,878 units (1,101 properties). It is worth noting that both numbers are a reduction from the company’s 2015 totals, but Brookdale still holds a lead of more than 13,000 units owned and 67,000 units operated over its next largest competitor.

There were two big changes in the top 10 owners between the 2015 ASHA 50 and the new 2016 edition. Welltower Inc. (NYSE: HCN) took over the No. 2 spot from Ventas (NYSE: VTR), both of which are healthcare REITs. Ventas lost approximately 70 properties and 8,000 units, largely due to spinning off the bulk of its skilled nursing portfolio into a separate REIT.

New Senior Investment Group overtook Senior Lifestyle Corp. for the No. 8 spot on the list, fueled by New Senior adding 26 properties and 2,636 units to its portfolio.

On the operator side, however, Senior Lifestyle Corp. moved up one spot to No. 6, overtaking Erickson Living. Both companies added communities and units to their operational portfolios between 2015 and 2016, but Senior Lifestyle Corp. added more — 12 communities and 1,541 units to Erickson’s one community and 578 units.

To view the full digital edition of the ASHA 50 results, produced by Seniors Housing Business, click here

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