Bobby Petras remembers being at a doctor’s appointment when he heard the news of a game-changing opportunity to add 15 properties to the Priority Life Care portfolio. The call came from Priority’s CEO and Bobby’s sister, Severine Petras. Real estate investment trust Ventas (NSYE: VTR) had tapped them to operate the 15 properties in Pennsylvania […]
Lenders and investors are again ready to deploy capital into the senior living industry, and for senior living operators and owners looking to grow, 2022 could be a pivotal year. But what capital providers are looking for in a senior living development or acquisition opportunity has changed with the Covid-19 pandemic, as have the kinds […]
Small-home senior living has grown in recent years from a relatively niche product type to one that is garnering increased interest amid the Covid-19 pandemic. These days, the small-home senior living sector includes everything from single-site residential properties to high-rise buildings with small-home wings on multiple floors. But the product type is still evolving, and […]
Despite rising construction costs and delays caused by supply chain disruption, now is the time to get aggressive on senior living development pipelines. That was the message shared by Atria Senior Living CEO John Moore and Maplewood Senior Living CEO Gregory Smith at our recent BUILD conference in Chicago. Moore commented that it’s time to […]
For operators venturing into the middle market, margins are compressed and capital partners need to be mission-driven as well as financially driven. That’s according to Merrill Gardens President Tana Gall, who is blazing trails in the middle market with the company’s Truewood by Merrill platform. And there is still an opportunity for great returns, said […]
It’s been roughly nine months since Transforming Age and Sustainable Housing for Ageless Generations (SHAG) announced their affiliation plans — and now, the nonprofit is on the cusp of some big changes. The combined organization, which operates under the Transforming Age banner with 39 communities, is set to announce the formation of a new property […]
Patient growth has been a hallmark of Maplewood Senior Living, most recently on display in the six-year process of conceiving and launching the luxury Inspir brand with a Manhattan highrise project. But CEO Gregory Smith believes that now is the time to hit the accelerator, particularly on new development. “I’ve talked to our capital partner, […]
Pegasus Senior Living CEO Chris Hollister hopes the Dallas-based company will double its number of communities under management within five years — and he sees memory care as a particular opportunity for growth ahead. Assisted living services are the bulk of what the company offers at its nearly 40 communities throughout the U.S. Hollister sees […]
With an occupancy recovery underway and the prospect of favorable demographics around the corner, Atria Senior Living CEO John Moore believes that now is the time to evolve senior living offerings and build for the future — despite a challenging operating environment and some development headwinds. Atria recently has taken some decisive steps toward building […]
In the teeth of the Covid-19 pandemic last year, ALG Senior made some big shifts, going to a more decentralized operating model while at the same time changing the company name. But in the midst of these changes and others wrought by the pandemic, the Hickory, North Carolina-based provider remained committed to clinical innovation, according […]
