Discovery Senior Living Acts As ‘connective Tissue’ Among Owners To Retain 36 Communities Changing Hands

Discovery Senior Living is continuing to manage 36 communities that are changing hands across two different transactions with its capital partners.

The 36-community portfolio recently changed hands to HF Acquisitions Holding, a joint venture between principals of Discovery and a long-term capital provider the operator declined to identify when reached Tuesday; and National Healthcare Properties (Nasdaq: NHP).

In March, National Healthcare Properties announced the acquisition of 13 assisted living properties in eight states under a RIDEA deal structure, with Discovery Senior Living slated as the operating partner. Under that deal, NHP owns the vast majority, 98.5%, of the joint-venture.

This week, Discovery announced a more recent acquisition with the news of partner HF Acquisitions Holding’s acquisition of 23 communities. Discovery already was managing 20 communities changing hands under the deal, which also adds three new communities to the operator’s portfolio. With the news, Discovery Senior Living’s growing portfolio now comprises more than 420 communities in 40 states across the U.S.

The two deals and management retention, announced this week, reflects Discovery’s ability to use its “scale, operating platform and deep relationships across the capital landscape to facilitate a highly creative, off-market transaction between two long-standing partners,” according to Discovery CEO Richard Hutchinson.

“Acting as the connective tissue between ownership groups while preserving continuity of operations and sustaining performance momentum is a hallmark of Discovery’s platform,” Hutchinson said in a press release. “This transaction underscores our role as a strategic partner to capital, as well as an operator, and we look forward to continuing to drive occupancy, RevPOR and NOI growth across the portfolio.”

Enabling Discovery’s growth in 2026 is a slate of tech and data that helps its umbrella of nine operating companies make better decisions. Discovery uses Amazon Web Services, Azure and the Google Cloud “data warehouse” known as Snowflake, according to Hutchinson.

“Everything’s now residing in this data warehouse,” Hutchinson said in a recent interview with Senior Housing News. “At the end of the day, our data journey is almost to the point of a full launch.”

The post Discovery Senior Living Acts as ‘Connective Tissue’ Among Owners to Retain 36 Communities Changing Hands appeared first on Senior Housing News.