In the Arizona desert sits a “serene oasis” of senior living: Overture Arcadia. Located near the center of Scottsdale, Arizona, the community’s spaces foster social connections among residents while adding 160 apartments. Central to the community’s design are resort-style amenities spanning 11,500 square feet in total that bring nature inside and promote resident well-being and […]
The Headwaters Group is forging ahead with its active adult strategy in 2024, emerging as a growing player in an increasingly competitive sector. “2024 is the year of building,” Headwaters’ Managing Partner Ben Burke said. “We are going to be breaking ground on four communities, and [are] finalizing our brand and getting really to begin […]
Many senior living executives hoped 2023 would be the year that the senior living industry finally pivoted away from its biggest ongoing challenges. That did not happen as planned. In 2024, operators are sure to confront many of the same challenges as they have for the last almost four years. Staffing, occupancy, margins and other […]
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 […]
This was a tough year for the sector, judging by the most-read stories on Senior Housing News. Financial troubles dominated, with Enlivant’s default notice and related negotiations being the most-read story in the last 12 months. The bankruptcy filing of a large CCRC, the troubles at Anthology Senior Living’s parent company, and the closure of […]
Avenue Development has brought in prolific active adult operator Greystar to manage its new Viva Bene active adult line of communities, the first of which is slated to open near St. Louis. The Viva Bene concept is one that marries the more middle-market rates of active adult with access to preventative care for residents. That’s […]
This content is available as part of your SHN+ subscription This economic cycle is going to feel like a “slow-moving train wreck.” Shankh Mitra, CEO of Welltower (NYSE: WELL), said that last week at the National Investment Center for Seniors Housing & Care (NIC) Fall Conference in Chicago. And his comments were reinforced the next […]
A new generation of older adults is entering the senior living industry, but operators vying for their business can’t simply rest on their laurels. The baby boomers are bringing with them a range of desires and needs out of senior housing communities, and to attract them, operators need to shift their perspective by listening and […]
This article available as part of your SHN+ membership All signs point to 2024 being another banner year for the growth in the active adult sector, judging by recent news. Among the active adult-related headlines and storylines from the last few weeks, a few featured Greystar. Thanks to its sizable active adult portfolio, the company […]
Spurred on by recent success, the nation’s largest operator of active adult communities is gearing up for even more growth and evolution in the sector. The Charleston, South Carolina-based multifamily and senior housing operator, developer and builder is already sizable with 110 communities owned or operated in 28 states and 90 markets. And that is […]
