Brookdale Senior Living (NYSE: BKD) held on to recent occupancy gains in the first quarter of this year as the company faces headwinds from rising operating expenses and continued staffing challenges. Brentwood, Tennessee-based Brookdale — the nation’s largest senior living operator with 679 communities — reported more than 2,000 move-ins during March, totaling the highest […]
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Dining is a key component to senior living — and it is also among one of the industry’s fastest-changing areas. On the one hand, supply issues, rising food costs and lingering staffing issues are forcing senior living providers to become more efficient, and in some cases to do more with less. On the other, resident […]
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: In progress Construction Continues on Chicago Senior Living, Mixed-Use Project Ryan Cos. is currently well into construction on a 10-story, $117 million Clarendale Six Corners […]
Senior housing occupancy has grown for the third consecutive quarter since the pandemic began,, according to new occupancy data from the National Investment Center for Seniors Housing & Care (NIC). Occupancy in 31 NIC MAP primary markets inched up 0.2% in the first quarter of 2022 compared to the fourth quarter of last year, representing […]
Nurse staffing platform IntelyCare has raised more than $110 million in financing as the company looks to increase its footprint in assisted living and long-term care communities across the country. The company secured a total of $115 million in financing during a Series-C financing round led by Janus Henderson Investors. The funding, which values IntelyCare […]
Occupancy growth in Welltower’s (NYSE: WELL) senior housing portfolio is ahead of previous assumptions for the first quarter of 2022. The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday reported in a business update that average year-over-year occupancy growth for its senior housing operation (SHO) portfolio in 1Q22 is expected to exceed the company’s […]
Nearly half of all investors polled by a recent survey believe now is the time to invest in senior housing communities, and that property values are due to rise this year. Forty-eight percent of investors who responded to the survey from Wealth Management Real Estate and Marcus & Millichap said that now is “the time […]
As the senior living industry seeks to grow occupancy in the aftermath of the Covid-19 pandemic, one major hurdle is staffing. On the one hand, operators need to demonstrate the quality of their operations to prospective residents to get them to move in — and to do that, they need enough workers to maintain service […]
As developers continue to come off the sidelines with starting senior living projects this year, Ohio-based Homestead Cos. has signaled a strong appetite for future projects in the sector over the next decade. Homestead President of Development Matt Canterbury told the Columbus Business Journal the company has plans to open “at least four” senior living […]
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