A developer and investor in active adult communities is pivoting from an entrance fee model to middle-market rentals in order to spur move-in velocity in the age-restricted senior housing market. Omaha, Nebraska-based Essex Communities recently acquired The Reserve on Walnut Creek, a 121-unit age-restricted independent living community in Urbandale, Iowa, and will convert the property […]
Sales and operator transitions Commonwealth Senior Living acquires Virginia assisted living facility Commonwealth Senior Living acquired Cedar Manor Assisted Living, an assisted living facility in Chesapeake, Virginia including 60 assisted living beds and 12 memory care beds. The community will be rebranded as Commonwealth Senior Living at Cedar Manor. Immediately after the holiday season, the […]
New York City is experiencing an influx of new senior living options, with high-profile luxury communities coming online in Brooklyn and Manhattan. Further north in the Bronx, the city will also add another option: its first life plan community. Covid-19 is not deterring RiverSpring Health’s plans to build the first life plan community in the […]
The coronavirus pandemic is having an unfavorable impact on senior housing development, with developers and operators across the country postponing projects until the pandemic is under control. And they are using this time to revise plans in the hopes of creating more appealing and resilient communities. That’s one finding from a survey by Senior Housing […]
The need for more relief grows daily, as the U.S. grapples with a new surge of positive coronavirus cases with little end in sight, and industry groups and leading providers stress that without it they may not be able to stay in business for much longer, let alone keep their vulnerable populations safe. “What we […]
Sustainable Housing for Ageless Generations (SHAG) has earned a reputation in the Pacific Northwest for its quirky brand and successful model of senior housing at an accessible price point. The Tukwila, Washington-based affordable senior housing nonprofit has refined its model over the past three decades through a mix of innovative partnerships, leaner staffing models, and […]
Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The deal brings Dallas-based AccentCare, one of the five largest home health care companies in the country, and Seasons, one of the top five largest hospice providers, under one corporate umbrella. […]
LCS is launching a new program this week that aims to create a cultural shift for the company and ultimately change the way it operates once Covid-19 subsides. Eversafe 360° is a comprehensive, science-based initiative establishing new safety standards across the Des Moines, Iowa-based company’s portfolio during seismic events — such as the pandemic — […]
Covid-19 has been an unexpected boon to the residential housing market. The resiliency of the market, which has seen home sales numbers and prices eclipse 2019 levels, is a positive trend for the senior living industry, given that people often sell their homes to pay for transitions into communities. Existing home sales increased for the […]
Prominent investors and operators recently said that hotel conversions could be a way to expand senior housing in urban markets with high barriers to entry, such as New York City. One such project is now coming to pass, as part of a larger push that a New York City-based developer and investor is making into […]