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A senior living community and senior living operator in Florida has declared bankruptcy after running into financial difficulties. According to reporting from the Tampa Bay Business Journal, the 491-unit Unisen Senior Living in Tampa, Florida, operated by Tampa Life Plan Village, owes roughly $43.2 million to unsecured creditors and $86.9 million to secured creditors. That […]
Human brains may be getting larger over time, a fact that could bode well for the future of dementia care. That’s according to a University of California, Davis study, published recently in JAMA Neurology. The study, which analyzed and compared MRIs of people born during the 1930s through the 1970s, found that people born in […]
After a record year for revenue in 2023, The Aspenwood Company is kicking growth into a higher gear in 2024. Aspenwood has 20 communities under management thanks to the opening of a community in Charlotte, North Carolina and the recent acquisition of four communities operating under the Village on the Park brand in the Dallas […]
Friendship Village Tempe, a senior living community in Tempe, Arizona, is landlocked, with no horizontal room on which to grow. In 2023, LCS Development was looking to expand the community by replacing an outdated independent living building. Limited by the community’s ability to grow outward, the design team took the project vertical. The design that […]
Most non-profit senior living providers conduct annual reviews to evaluate the pay of executives, with a board of director review serving as the most common way to do so. That’s according to the latest Ziegler CFO Hotline survey from Ziegler. The survey included feedback from 240 respondents. The majority of respondents, more than 84%, said […]
The average senior living occupancy rate is moving ever closer to pre-pandemic levels, with increases in the first quarter of the year driven largely by low construction starts and high demand. Senior living occupancy rates increased by half a percentage point in the top 31 metro markets tracked by NIC MAP Vision, landing at 85.6% […]
Acquisitions The Aspenwood Company acquires four North Texas communities The Aspenwood Company announced that it has acquired four retirement communities in North Texas operating under The Village on the Park brand. According to a press release, the communities are located in Plano, Denton and McKinney, Texas, and consist of 336 units. The release states the […]
Alzheimer’s researchers have for decades focused much of their study on the amyloid plaques thought to cause the disease. That has largely been a mistake, according to Dr. Karl Herrup. Herrup, who is a professor and investigator with the University of Pittsburgh’s Alzheimer’s Disease Research Center, thinks this is an issue that began back in […]
There is plenty of innovation in architecture and design occurring in the U.S.-based senior living industry. The same is true across the globe. Forward-thinking architecture and design concepts were on display in three projects submitted to the 2023 Senior Housing News Architecture and Design Awards: Royal View by Auria Senior Living, Kunz Raubenheimer Architects and […]
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