Sunrise Senior Living is heading into 2023 with a renewed emphasis on lifestyle and wellness, and the company’s two senior living communities in The Big Apple are leading the way in that regard. Late last year, Sunrise Senior Living unveiled a new vision statement to “create a preferred lifestyle for enjoying a longer, healthier, happier […]
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: Planned Distinctive Living plans Connecticut community Senior living operator Distinctive Living and its development platform Distinctive Development recently announced redevelopment plans of a senior living […]
Full occupancy, wider margins, improved operations — these are three top goals of Sunshine Retirement Living CEO Luis Serrano in 2023. The Bend, Oregon-based operator has grown quickly in recent years , and now Serrano is focusing on building out the company’s memory care platform and solving labor issues. Sunshine operates 41 communities across 18 […]
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PGIM Real Estate has shifted its senior housing investment strategy to adopt a more “open-ended” fund model. That’s according to PGIM Managing Director Steve Blazejewski, who recently spoke to digital publication Wealth Management about the company’s shift in strategy. Of note is that the shift will change PGIM’s senior housing investment strategy from closed-end funds […]
An online real estate investment platform is making a splash in senior living over the next five years with a goal of steadily growing its investment holdings in the industry. The company, 1031 Crowdfunding, recently acquired two memory care and AL communities in St. George and Lindon, Utah, totaling 178 units. The properties are operated […]
Ohio Living and Brio Living Services are exploring joining forces as leaders of both organizations keep their eye on future growth amid a rapidly changing landscape for senior living in the U.S. The organizations on Monday announced they are mulling coming together as one through an affiliation. If the merger is executed, the combined organization […]
Belmont Village CEO Patricia Will begins 2023 “wildly optimistic” about the industry’s prospects. “We’re at the cusp of some changes in the industry that I think bode well in addition to the demand curve we’ve all been waiting for,” Will said during the recent 2023 Outlook webinar hosted by Senior Housing News. And she is […]
Life plan communities (LPCs) could face tougher overall market conditions in the year ahead compared to 2022, despite demand remaining strong for all care types. Operating cost pressures, driven by staffing shortages at communities, have prompted operators and owners to pass through considerable rate increases due to wage adjustments. That ultimately led to the deterioration […]
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: Completed Atria Senior Living, Related Companies officially opens Coterie Hudson Yards Related Companies and Atria Senior Living have opened Coterie Hudson Yards, a luxury senior […]
