Like a lot of people, Janale Flores at first believed Covid-19 would be a short-term disruption to her job as director of human resources and area director of international recruitment for Omni Hotels & Resorts in Broomfield, Colorado. As shutdowns across the country took hold, however, Omni lost business. Meetings were canceled, employees were laid […]
The former CEO of an Oregon-based senior housing development and management firm who pleaded guilty to fraud in 2015 saw his prison sentence commuted by former President Donald Trump late Tuesday. Jon Harder, former CEO of Sunwest Management, had served five years of a 15-year sentence when Trump announced 143 pardons and commutations in one […]
Blueprint Healthcare Real Estate Advisors is launching a capital markets practice, the Chicago-based senior housing and health care real estate brokerage announced on Wednesday – a move intended to expand the firm’s business solutions for clients and capitalize on a capital markets landscape still bifurcated by Covid-19. Leading the practice will be Alex Florea, who […]
Revamping dining programs in senior living can require significant upfront costs, in an industry where mission versus margin is a constant balancing act. But providers that pay attention to the details in adding dining venues and services can realize a successful return on investment, improve operations and give sales and marketing teams something new to […]
The first-ring Chicago suburb of Evanston, Illinois has become a hotbed of real estate development in recent years. One of the town’s newest developments is a 17-story building for active seniors, located near the heart of its downtown core. Avidor Evanston, a 17-story, 169-unit apartment building for residents ages 55 and up, rises from a […]
Co-operative senior housing is weathering the pressures brought on by Covid-19 that are straining resources and operations across the greater industry. Sales of co-operative senior housing shares are strong. Turnovers of available units are selling as fast as they hit the market, and have deep wait lists of prospects waiting to buy. And overall expenses […]
When the dust settles on 2020, it will be remembered as the year when circumstances finally forced senior living providers to embrace technology in ways they were reluctant to in the past. “The tech genie has been loosed from the bottle and it’s not going to go back in,” LCS Senior Vice President and Chief […]
Covid-19 will continue to drag on senior housing operations and net operating income (NOI) until vaccines are widely distributed, and NOI is expected to reach new lows in mid-2021. From there, demographic trends will result in a gradual rebound in NOI, but low supply barriers will limit growth upside, and NOI is not expected to […]
Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]
Aegis Living, with its joint venture partner Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. Aegis currently operates the communities and will continue to do so going forward. The deal, totaling 702 units, is the largest in Aegis’ 24-year history and continues […]
