While staffing issues have moderated slightly from the doldrums of three years ago, senior living operators are still working to solve turnover rates among their ranks using initiatives to improve retention. In a new environment in which wage rates are seemingly permanently elevated compared to just a few years ago – with workers worthy of […]
Although big challenges and headwinds remain, the outlook for senior living staffing has taken a more positive turn in recent months — at least for senior living operators willing to be proactive and seize the opportunity at hand. Recent survey data has shown that, although most senior living operators are experiencing staffing shortages in their […]
Last week, news broke that entrepreneur Adam Neumann — of WeWork fame, or infamy — now wants to transform residential real estate. And he has $350 million from Andreessen Horowitz backing his venture, dubbed Flow. Details about Flow are sparse, and WeWork’s tailspin made Neumann look more like a pariah than a visionary. Still, I […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
True Connection Communities CEO Jim Pusateri is excited about the potential synergies between traditional senior living providers and manufactured housing communities — and he is in a position to drive such innovations. That’s because True Connection is owned by private equity firm Green Courte Partners, which also owns a manufactured housing portfolio. “That’s one of […]
Co-operative senior housing is weathering the pressures brought on by Covid-19 that are straining resources and operations across the greater industry. Sales of co-operative senior housing shares are strong. Turnovers of available units are selling as fast as they hit the market, and have deep wait lists of prospects waiting to buy. And overall expenses […]
Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]
Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]
“What do boomers want?” When it comes to housing, one answer is growing more than any other: active adult rental apartments. And the industry is taking notice, according to a new report from Senior Housing News. In an SHN survey of 120 senior housing professionals, administered in September 2019, a whopping 87% of respondents said […]
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