This week, the Senior Housing News team assembled in Washington, D.C. for SHN’s annual summit with industry folks. But our readers need not worry—our editorial elite in the newsroom covered the latest happenings from around the industry, including the latest leadership change at Senior Lifestyle Corporation and new senior housing data from the National Investment Center for Seniors Housing and Care (NIC).
The Leadership Series: Debra A. Cafaro—Meet Debra Cafaro, CEO and chairman of Ventas, Inc., in Senior Housing News’ latest feature of The Leadership Series. Ventas is a $26-billion-plus REIT that has risen to become a senior housing investment powerhouse, securing its place in the “Big Three” health care REITs among industry peers Welltower and HCP, Inc.
Senior Lifestyle Exec Adam Kaplan Resigns in Latest Leadership Changes—Adam Kaplan, a long-time executive with Senior Lifestyle Corporation and son of co-founder and Chairman Bill Kaplan, has resigned as senior vice president of business and organizational development to pursue other interests. The news comes just after another change in the company’s leadership as Lisa Fordyce stepped into the COO role.
3 Hot Selling Points for Independent Living—SHN outlines some of the top selling points for independent living. Flashy amenities like wine bars, theater rooms and rooftop terraces dramatically demonstrate how senior living has evolved. But residents spend much of their time in their own units, so it pays for providers to think about what design features are differentiators not only in public but also in private spaces.
Senior Housing Occupancy Drops as Inventory Grows at Fast Pace—Oversupply concerns may have finally caught up with the seniors housing market and slowed construction—and that may be good news for keeping the sector in balance, as it currently is seeing occupancy slip amid surging growth in inventory. SHN reports on the latest data from NIC.
Around the Web
Welcome to S.F., the Premier Assisted Living Community for Millennials—The nation’s hub for startup businesses has become a testing ground for on-demand services that focus on leisure time and convenience. With services that deliver everything from food and furniture to groceries and even health care, millennials are finding that San Francisco’s culture offers many of the amenities afforded to seniors in assisted living communities.
Watch: Lovely Assisted Living Ladies Nae Nae Better Than You—Two assisted living residents show off their dance skills, performing the popular “Whip” and “Nae Nae.”
Turning 103 ‘No Big Deal’: Oak Harbor Resident Can’t Imagine the Fuss Over Another Birthday—Elna Pein, a resident at Summer Hill Assisted Living Community in Oak Harbor, Washington, celebrated her 103rd birthday. When asked how she felt about her birthday, Pein said, “It’s no big deal.”
Ventas CEO Debra Cafaro Pays $4 Million for Lakefront House in Kenilworth—Debra Cafaro recently purchased a home designed by famed architect George Maher that sits on Lake Michigan in Kenilworth, Illinois—the same home town as SHN’s own Amy Baxter. Cafaro has plans to renovate the 5,000-square-foot Prairie-style house, which was built in 1915, The Chicago Tribune reported.
Written by Amy Baxter