The number of new senior living community construction starts is likely to reach a low point in 2024 not seen since the start of the Covid-19 pandemic. According to a Dec. 21 analysis from NIC, “mid- or late-2024 [is] the most likely period for senior housing construction starts to reach their lowest point.” Additionally, the […]
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After a slower start than many operators had hoped in 2023, the senior living industry is poised to regain pre-pandemic occupancy in 2024 – but many of the pandemic era’s challenges still remain. Challenges for the year ahead include finding ways to grow as new development remains tough, navigating lingering high expenses, staffing communities with […]
(Updated Jan. 3, 2023) A new Washington Post investigation has detailed dozens of incidents where senior living residents have wandered away and died as well as “bare-bones” staffing levels at communities across the country. In one article published over the weekend, the Post examined thousands of cases since 2018 where senior living residents wandered away […]
Health care payments and a need to better communicate with and engage staff are having an outsized impact on the kinds of technology investments senior living operators expect to make in the coming year. That’s according to a new Senior Housing News survey recently published in collaboration with senior living technology company CarePredict. On the […]
Acquisitions Onelife enters Chicago with seventh acquisition Family-owned developer and operator Onelife Senior Living entered the Chicago area with the acquisition of the former Springs of Vernon’s Hills Alzheimer’s Special Care Center. Following the acquisition, the community was renamed to The Laurel at Vernon Hills. According to a press release, Onelife retained all staff during […]
Welltower (NYSE: WELL) and Chartwell Retirement are ending a joint-venture arrangement and dividing a senior living portfolio the companies owned together under that agreement in Canada. Chartwell is handing ownership of 23 assets to Welltower in exchange for the Toledo, Ohio-based real estate investment trust’s (REIT’s) interest in 16 assets and a payment of $97.2 […]
When basketball legend Magic Johnson announced in 1991 that he had been diagnosed with HIV, the news carried the weight of a nearly certain death sentence. But of course, Johnson would be fortunate enough to survive until the advent of effective treatments, and he is living a full life three decades after his diagnosis. It’s […]
Sinceri Senior Living has its sights set on “double-digit occupancy growth” next year in a bid to widen margins further into 2024 — and CEO Chris Belford is feeling optimistic. Vancouver, Washington-based Sinceri has already surpassed pre-Covid levels in occupancy and all operating metrics are trending positive, Belford told SHN during a recent interview at […]
Transactions JLL Capital Markets leads $28 million refinancing for Texas community JLL Capital Markets announced that on Oct. 25, it arranged a $28 million senior mortgage for The Landing at Augusta Woods in Spring, Texas. The four year fixed rate loan will be used to refinance an existing construction loan and fund an expansion for […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Courtney Hancock, vice president of clinical services […]
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