Senior living communities are in constant reinvention, looking for ways to improve operations, strengthen relationships with residents and employees and plan long term for future growth. This is something The Admiral at the Lake, a Kendal Corp. continuing care retirement community in Chicago’s Edgewater neighborhood, knows well. It has gone through several reinventions throughout its […]
Photo by Tania Tuluie With the evolution of food service in senior living, from cafeteria to full-service restaurant, comes a new attention to another important aspect of dining: Hiring. As “scoop and serve” models of the past are making way for restaurant-style dining services in senior living, providers are taking note of their hiring practices—which today […]
For Chicago’s The Admiral at the Lake, a continuing care retirement community located on the city’s north side adjacent to Lake Michigan, its recent re-construction called for taking the community’s dining program not only to a restaurant-style operation, but to one of the best restaurant style operations in the country. It’s a national trend: the […]
Although the number of continuing care retirement communities that have experienced severe financial distress in the past few years is small compared to the number that have remained stable, it’s piqued the curiosity—and concern—of potential consumers. There are almost 1,900 CCRCs in the U.S., according to LeadingAge, and since the recession began, only about 1% […]
Defaults and bankruptcies by continuing care retirement communities (CCRCs) are the exception and not the norm in the senior living industry, but the ability to avoid financial pitfalls and adapt to consumer demand is crucial in attracting and reassuring prospective residents, executives agree. Only a small percentage of the industry’s 1,900 CCRCs—about 80% of which […]
Many non-profit continuing care retirement communities (CCRCs) have enjoyed getting 100% financing for their properties in the past, but that could change going forward, according to panelists speaking at SHN’s first annual Senior Housing Summit in July. LeadingAge, a non-profit advocacy group of senior living providers, says 80% of CCRCs are non-profit, and while most […]
A few high-profile bankruptcies by continuing care retirement communities have made waves in the senior housing industry, and there’s more drama to come—for at least four more years, says a New York-based owner-developer of CCRCs who specializes in acquiring distressed assets. During Senior Housing News’ inaugural Senior Housing Summit, held last Thursday in Chicago, Ill., […]
Construction: Completed Atria Adds Memory Care Apartments to Rhode Island Senior Living Community Atria Senior Living recently opened a memory care “neighborhood” at its Atria Bay Spring Village assisted living community, located in West Barrington, R.I., reports the local Patch.com. The growing dementia population led the senior living company to add new memory care development. […]
