In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week:
Assisted Living Growth Rate Climbs to Highest Peak Yet — Assisted living’s inventory growth rate reached its highest level since 2007 in the second quarter, according to the latest data released by the National Investment Center for Seniors Housing & Care Industry (NIC). However, peak growth is not the case for other types of developments in the senior housing sector, and occupancy rates vary, as well.
CCRC Face-Lifts Keep Aging Communities Competitive — Continuing care retirement communities (CCRCs) that are decades old must revamp their communities to stay competitive, which means a complete overhaul of amenities for some communities. One such community is Portland, Ore.-based Rose Villa Senior Living, which was founded in 1957 and undergoing a $60 million redevelopment project.
Tech Support: The Biggest Missed Opportunity in Senior Housing — As more seniors become tech-savvy, they’ll expect the same access to wireless Internet and more in senior living communities, yet not all providers are up to speed with consumers’ expectations.
Senior Housing Still Booming, But Wild Card Remains — While many investors eye a winning ticket when entering the senior living space, experts note that interest rates will play a key role in determining future investments in the industry. Industry leaders shared their thoughts during Senior Housing News’ recent conference in Chicago, Ill.
ALFA Rebranding to Address Blurred Lines of Senior Living — Assisted Living Federation of America (ALFA) will soon go by a different name, as part of the organization’s shift in rebranding efforts to reflect the way senior living models are becoming more intertwined.
Written by Cassandra Dowell