It’s the week of Valentine’s Day, when love is celebrated no matter how old you are. We kept you up to date on the latest earnings reports coming out as well as Mainstreet’s vision for the long-term care industry. Meanwhile, readers likely weren’t struck by Cupid’s arrow while diving into the latest construction trends.
We wanted to know how the seniors play the game of love and were surprised to learn online dating use doubled for older adults from just a few years ago.
In honor of Presidents’ Day, SHN will be out of the office on Monday, February 15. We will return to our regular posting schedule on Tuesday, February 16.
How Mainstreet Health Aims to Reinvent Long-Term Care—The U.S. long-term care industry as we know it is on its last legs, and innovative new communities are about to redefine extended-stay, residential senior living. Senior Housing News sat down with Zeke Turner, CEO and founder of development and investment company Mainstreet, and Bill Thomas, M.D., founder of the Eden Alternative and The Green House Project.
Brookdale, HCP Dampen Expectations for 2016—Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) both set the pace for a more challenging 2016 after releasing earnings reports from the final quarter of 2015. Share prices of the two companies and their peer companies slid in the aftermath of the earnings releases, with Welltower (NYSE: HCN) approaching a 52-week low.
Best of Independent Living 2015: Right Site, Right Size—Azulon at Mesa Verde, a 55-plus independent living community in the active Southern California community of Costa Mesa is SHN’s Design Award winner for its category. The community was first envisioned in 2008 by longtime, family-owned real estate development company M.V. Partners and is the company’s first 55-plus development ever.
Senior Housing Pulls Back on New Construction—Construction and renovation projects remain popular plays for senior living providers in the year ahead, but their interest in such forays has slightly decreased, according to recently released findings from investment banking and financial advisory firm Lancaster Pollard.
Seniors in the Love Club
Grandma Swipes Right: Seniors Embrace Online Dating—In the age where getting a date is as easy as swiping left or right on a smartphone, seniors are learning the tricks of the trade and catching onto the trend quickly. Online dating use among U.S. adults ages 55 to 64 doubled in the last three years, according to Pew Research. The acceptance of online dating is also a reflection of seniors using more online social networking in general.
Seniors Step in to Help With Young Love—A little love advice can go a long way, especially if it comes from someone with a bit of experience. Dozens of third graders visited a memory care facility, Greenbridge Place in Colorado, to get help from seniors and make Valentines for their loved ones, Colorado’s 9News reported.
US Memory Care of North Dallas has installed a “wedding wall” to showcase wedding photos of residents. The display, which will be a permanent and growing collection, is eliciting memories and prompting residents to reminisce with their loved ones. Plans are in the works for other US Memory Care communities to also put up wedding walls.
Around the Web
The True Cost of Living a Long Life—Living longer is a blessing, but how to fund extra years has emerged as a global conundrum, one that will not be solved with the pension systems now in place, Fortune reports.
Can You Afford These Luxuries of Senior Living?—Today’s seniors moving into a community that caters to theirs needs are paying for luxury amenities like destination dining, entertainment and wellness programs that go beyond the gym. Between entrance fees and monthly costs, seniors are paying hundreds of thousands of dollars for their dream retirements. Fortunately, some of these amenities may trickle down to other senior living options, U.S. News & World Report wrote.
Written by Amy Baxter