Favorable supply-demand dynamics are creating a “multi-year window” with which to regain occupancy and elongate margins, according to Ventas (NYSE: VTR) CEO Debra Cafaro. In the fourth quarter of 2022, same-store occupancy for the company’s senior housing operating portfolio (SHOP) segment hit 82.5%, representing the higher end of the company’s previous guidance for growth. That […]
Sunrise Senior Living
Sunrise Senior Living is heading into 2023 with a renewed emphasis on lifestyle and wellness, and the company’s two senior living communities in The Big Apple are leading the way in that regard. Late last year, Sunrise Senior Living unveiled a new vision statement to “create a preferred lifestyle for enjoying a longer, healthier, happier […]
So far in 2023, senior living headlines reveal a sector in pain, with industry giant Brookdale (NYSE: BKD) among those feeling the sting. Late last week, Brookdale warned that full-year 2022 earnings would likely be below expectations and announced a C-suite shakeup. Today, the share price hit a new 52-week low, at $2.42 a share. This […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Lutheran Senior Services to proceed on mixed-income community Lutheran Senior Services (LSS) and the Tower Grove Community Development Corporation were recently awarded a final […]
Senior living could be on deck as part of a planned redevelopment of the Tampa Bay Rays’ Tropicana Field stadium in St. Petersburg, Florida. Global real estate firm Hines proposed a plan that would include not only $1 billion in stadium renovations, but add a surrounding development that would include more than 7,000 housing units, […]
At our annual BUILD event last week, The Springs Living CEO Fee Stubblefield quipped: “You guys may want to consider changing your name to HOLD instead of BUILD, with what’s going on in financial markets.” Fee’s comment captured one message that came through strongly at the event, which is focused on senior living development and […]
Discovery Senior Living is catering to the evolving preferences of the incoming baby boomer generation with a new brand of experience-focused communities called Choreograph. As planned, Choreograph communities will focus on experiences it can curate for residents. For example, the Bonita Springs, Florida-based company is opening a new community near the University of Florida in […]
Sunrise Senior Living CEO Jack Callison announced a new vision statement for the company earlier this week, and it’s already being put into practice by teams on the ground. Callison’s vision statement: to ‘create a preferred lifestyle for enjoying a longer, healthier, happier life.’ To get there, Sunrise is already making steps to provide residents […]
Sunrise Senior Living has a new vision statement. After taking the CEO role in 2021, Jack Callison embarked on a listening tour of Sunrise communities. Early on, Callison said he saw the company’s strong institutional culture and the quality of care being provided by Sunrise frontline staff through being a premium price point operator with […]
Pricing power and demand indicate continued growth toward pre-Covid-19 senior housing margins for Ventas (NYSE: VTR), but with macroeconomic factors impacting the cost of operations, creating a timeline for that return is tricky. Still, leaders with the Chicago-based real estate investment trust (REIT) believe that the margin expansion seen in 3Q2022 is not a one-off […]