Senior living owners, developers, and operators have found success in recent years repurposing a variety of seemingly obsolete buildings into senior housing, from schools to shopping malls to traditional apartments. Now, adaptive reuse is gaining even more momentum as a senior living development route. Developers are seeking out adaptive reuse opportunities as construction materials and […]
Many senior living providers have been pivoting to wellness in their operational models, and memory care is no exception. But given the particular needs of memory care residents, fostering a wellness-first approach is not easy. Bringing wellness into memory care involves engaging multiple stakeholders, specific training, transforming physical spaces, and integrating technology. Most importantly, memory […]
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
Born out of the multifamily world, Treplus Communities is blazing trails in the active adult sector. The Columbus, Ohio-based developer has three active adult rental communities in Ohio, with more on the way in the Buckeye State and beyond. The company’s communities are single-story, and with dens and even one-car garages, they resemble freestanding homes […]
When residents move into a senior living community, they typically get a warm welcome — but the same can’t always be said for employees. Instead of getting flowers, a gift box or a welcoming committee, employees are sometimes tossed into the deep end without enough training or onboarding. And this is a big reason why […]
The expansion of regional senior living providers has been an ongoing trend in 2021. Some of these companies are gaining so much scale, they are becoming “super regionals.” I’ve heard the term “super regional” increasingly this year, including at the recent Argentum conference. This chatter makes sense, as transactions in the last few months have […]
This fall, The Arbor Company will spend close to $500,000 on bonuses to award staff for reaching tenure milestones — and that’s just one part of the operator’s effort to address a labor crisis that is worsening across the senior living industry. “One of our two company goals right now is hourly staffing, from recruitment […]
An increasing number of senior living providers are placing wellness at the heart of their operational approach. How that occurs, however, varies by price point. Market-rate and high-end providers have a variety of resources at their disposable but also have a high bar to clear, for residents and family members with high expectations. Middle-market and […]
From the effects of the delta variant to a worsening labor crisis, the senior living industry faces myriad challenges — but there are also powerful tailwinds that are propelling a pandemic recovery and should lead to a bright future for the sector. The recent experience of Bild & Company Founder and President Traci Bild illustrates […]
2Life Communities President and CEO Amy Schectman still remembers the tearful phone calls. Desperate family members would phone Schectman crying, and relay an all-too-familiar problem: their loved ones earned slightly too much to qualify for true affordable senior housing, but not enough to afford living in market-rate communities. In the senior living industry, this group […]
