Category: Assisted Living

Developers Eye Hotel Conversions as Next Senior Living Opportunity

As senior housing development continues to take cues from the hospitality industry, conversion projects that transform defunct hotels into senior living communities might be more trouble than they’re worth, though it largely depends on the property type. Resident acuity levels and complying with varying states’ building code requirements makes hotel conversions more feasible projects for… Read More »

In the Pipeline: Senior Housing Construction Projects (4/17/14)

Construction: Planned Validus Senior Living to Break Ground on New Florida Assisted Living Project Tampa, Florida provider Validus Senior Living will team with a local developer to create a combined assisted living and memory care community that the company says will feature innovative programming and life-enhancing technology. Validus anticipates breaking ground on the new InspiredLiving… Read More »

Senior Housing Q1 Occupancy Nudges Upward as Construction Slows

Overall occupancy for all senior housing property types ticked slightly upward during the first quarter of 2014 as new construction slowed, according to recent data from the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for senior housing properties in the first quarter was 89.8%, an increase of… Read More »

California Assisted Living Overhaul Moves Closer to Reality

An “overhaul” of assisted living rules in California came closer to reality this week as legislation aimed at senior care reform moved through separate committees Tuesday, according to a report by the San Diego Union-Tribune. The legislation comprises bills known as the RCFE Reform Act of 2014, referring to residential care facilities it intends to… Read More »

In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room,… Read More »

Senior Living Acquisition Prices Neared Record Highs in 2013

Senior living acquisition prices are nearly back to their pre-recession peaks across property types, with skilled nursing seeing the highest per unit prices paid in 2013—up 21% year over year—according to an annual tally published by Irving Levin Associates. In its 19th year of publication, The 2014 Senior Care Acquisition Report notes that the average… Read More »

Emeritus to Close Dallas Community, Cites Costly Building Code Updates

Costly building improvements is forcing Emeritus Corp. (NYSE: ESC) to close one of its outdated properties in Texas. Emeritus at Vickery Towers, located in the Dallas-Fort Worth area, will close its doors on July 15, according to a statement from Summer Hammerle, regional director of operations at Emeritus.  The community was first constructed in 1968,… Read More »

10 Most Expensive States for Assisted Living

Long-term care is expensive across the country, but some states—particularly those on the East Coast—have much higher median costs than others, as demonstrated by Genworth’s 2014 Cost of Care Survey. Nearly half of the states have a higher median annual cost for care in a single-occupancy assisted living unit than the U.S. median of $42,000.… Read More »

The Top 10 Senior Living Providers Ranked by Capacity

The Top 10 Senior Living Providers Ranked by Capacity

On the heels of the announcement they will be merging in a deal slated to close in the third quarter of 2014, Brookdale Senior Living and Emeritus were ranked as the two largest senior living providers by capacity, respectively, by the Assisted Living Federation of America. In its annual ranking of senior living providers by… Read More »

Assisted Living Costs Mount More Than LTC Alternatives

Consumers have more choices for long-term care than ever before, says Genworth in its latest Cost of Care report, but those options come with a price tag that keeps getting bigger. Out of those options, which encompass home care and home health services, adult day care, and skilled nursing, assisted living costs have grown the… Read More »

In the Pipeline: Senior Housing Construction Projects (4/3/14)

Construction: Planned Developer Dives into Senior Living Market with $15 Million Project  Kansas City, Missouri-based development firm Lane 4 Property Group is entering the senior living business, partnering with Tetrad Property Group of Omaha, Nebraska, to develop a $15 million independent living project, Kansas City Business Journal reports. The 101-unit independent living facility will be… Read More »