New Senior Living Referral Service Launches With Industry Backing, ‘Dating Profile Approach’

A group of senior living industry stakeholders are backing a new referral company aiming to match prospective residents with communities in the same way an online dating service might. The new service, Referah, officially launched Tuesday. Unlike other more traditional lead aggregator services, the service is meant to give operators a smaller stream of more […]

Inside the Forces Driving Senior Living Valuations in 2022

Depressed occupancy, staffing shortages, higher expenses, compressed margins, community age — these are some of the forces that have affected senior living valuations in the age of Covid. According to the latest data from senior housing and health care real estate advisory services firm HealthTrust, average senior living sale prices per unit dipped slightly last […]

The Diversified Senior Living Company of the Future: Providers Look Beyond Housing in Covid’s Wake

There are signs that Covid-19 has propelled more senior living providers to consider diversification strategies, adding new ancillary service lines as a financial and strategic play. The trend was already underway before the pandemic struck, but with Covid-19 eroding occupancy to historically low levels, providers have recognized the risks in tying revenue almost entirely to […]

Long Stable, Senior Housing CapEx Allocations Must Increase As Stock Ages

For much of the past 20 years, capital expenditure allocations in senior living have been largely trapped in amber. That has changed in recent years. Faced with aging buildings and competition from new communities and operators, CapEx spends have grown gradually since 2015, and even buildings delivered within the past decade are undergoing renovations, Green […]

Senior Living Providers Have Little Room for Error As Margins Shrink

In the past six months, many U.S. senior living providers have watched their revenues dry up as their expenses skyrocket. But that doesn’t mean there aren’t tools available for them, either. On the expenses side, there are avenues for controlling costs in the budget even as testing, personal protective equipment (PPE) and labor costs become […]

In ‘Mosh Pit’ of Senior Housing Challenges, Labor Expenses Wreak Havoc

The senior living industry is facing challenges on all fronts, including ongoing oversupply pressures, broken capital structures and aging properties that are becoming obsolete. “It’s a mosh pit of things going on right now,” SRG Senior Living President and CEO Michael Grust told Senior Housing News. Solana Beach, California-based SRG has a portfolio of about […]