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 […]
After forging a partnership with Welltower (NYSE: WELL) in 2019, Balfour Senior Living CEO Michael Schonbrun spoke of plans to expand the portfolio — including by bringing the company’s high-end model to the East Coast for the first time. Despite the unexpected challenges posed by Covid-19, work on the development pipeline moved forward, and details […]
True Connection Communities CEO Jim Pusateri’s career in senior living has spanned three decades — and he believes not much has changed, until now. “I was just talking to our teams at our meeting saying, ‘Honestly, I’ll have been in the industry for 31 years in May, and I don’t think it’s changed very much […]
Consumers shopping online are encountering “out of stock” messages far more frequently, automakers and retailers are curtailing holiday advertising due to product shortages, and headlines warn of a Thanksgiving without turkeys. Snarled and disrupted global supply chains are a major factor behind all these issues, and senior living providers are feeling the effects of these […]
Sinceri Senior Living has had a big year in 2021. The Vancouver, Washington-based operator in September changed its name from JEA Senior Living to reflect a new and growing focus on product types beyond memory care. At the same time, the company is expanding at a rapid pace, most recently by taking over 21 properties […]
Senior living expenses rose sharply in the third quarter of 2021, but operators working with real estate investment trust Welltower (NYSE: WELL) also benefited from historically strong revenue growth, and they are driving rate to keep margins in check. In fact, Welltower posted the strongest sequential revenue growth in the company’s history last quarter, with […]
After raising $154.8 million in transactions with Conversant Capital, one of the few publicly traded U.S. senior living operators is not just starting a new chapter but “a whole new book” — with a new name. Dallas-based Capital Senior Living is rebranding to Sonida Senior Living, the company announced Wednesday. When the name change officially […]
Across U.S. primary markets, senior housing occupancy could return to pre-pandemic levels in less than 2 years if absorption continues at its recent rapid pace — but occupancy recovery could take far longer if absorption slows. Specifically, if absorption returns to its average pace between 2010 and the first quarter of 2020, occupancy recovery might […]
Atria Senior Living and Related Companies have announced that “Coterie” is the brand name for the luxury communities they are developing in San Francisco and New York City, as part of a planned $3 billion pipeline. Real estate investment trust Welltower (NYSE: WELL) is also a partner on the first two Coterie projects. “Coterie is […]
