Covid-19 slowed senior housing construction, but new properties continue to rise and open in many markets across the United States. In fact, a steady stream of new community openings contributed to senior housing occupancy remaining at a record-low 78.7% in the second quarter of 2021, according to NIC MAP Vision. Now, more developers are moving […]
Phoenix Senior Living is in the midst of adding 23 communities owned by Diversified Healthcare Trust (Nasdaq: DHC) — an expansion that will make the Alpharetta, Georgia-based company one of the largest senior living providers in the Southeast. Taking on so many communities at once is possible because from its founding in 2014, the company […]
This article is an exclusive feature available as a part of your subscription to SHN + Prior to the Covid-19 pandemic, mobile home parks were on the rise as a senior living option. Offering similar amenities as active adult communities, manufactured housing was an increasingly popular choice for consumers and a red-hot target for real […]
For many senior living providers, sales cycles changed dramatically as the Covid-19 pandemic took hold last year. With the pandemic’s end still not in sight and the recent dominance of the delta variant, when the industry will settle into a new sales status quo is anyone’s guess. But there are some who see signs emerging […]
Twin brothers Bill and Bob Thomas achieved success as multifamily housing entrepreneurs in the 1970s — but their situation changed in the next decade. “We thought we were the smartest guys on the block … and then the 80s hit,” Bill Thomas told Senior Housing News, during an interview at the American Seniors Housing Association […]
Covid-19 is having a lasting impact on the present and future of senior housing design, and the costs associated with development. The pandemic is accelerating trends that were already in progress such as well-programmed outdoor spaces, more multipurpose rooms, and larger residential apartments. And it is forcing new tweaks to designs including well-appointed staff break […]
Covid-19 booster shots are on the horizon, and senior living providers are moving ahead with planning clinics for residents and staff while awaiting greater clarity from government regulatory agencies. Some industry providers have moved with urgency in recent weeks to schedule their first Covid-19 vaccine booster shot clinics, even as the U.S. Food and Drug […]
“Our business is forever changed.” Those are the words of John Rijos, whose perspective is informed by decades of leadership in the senior living industry. Having been co-president of Brookdale Senior Living prior to its merger with Emeritus Corp., Rijos went on to co-found investment firm Chicago Pacific Founders (CPF). He also is chairman and […]
Sunshine Retirement Living has been one of the fastest growing U.S. senior living providers in recent years, expanding a middle-market model with roots that trace back to Holiday Retirement. A good portion of that growth came during Covid-19, and the effort was “extremely difficult” in many regards, including with certain banking relationships, Sunshine CEO Luis […]
This article is an exclusive feature available as a part of your subscription to SHN + Determining if a market or site is feasible for a business can often be an imprecise science. Demographic studies identify overarching trends within an area such as population, generational breakdowns, household sizes, education and income levels, housing stock, and […]
