Two regional senior living operators that have shaken up their executive ranks in recent months made moves to bolster their companies’ cultures and training programs this week. Civitas Senior Living promoted Misti Powell to the role of chief people officer. Powell, a co-founder of Ft. Worth, Texas-based Civitas, was most recently the company’s senior vice […]
Facebook’s changes to its advertising algorithms to prevent discrimination in housing, credit and employment ads will likely have little impact overall on the senior living industry. For luxury age-restricted communities, however, the changes could mean a longer sales process for leads cultivated online. Facebook announced Wednesday it reached a landmark settlement with civil rights groups […]
The affordable housing crisis in America may be most acute in senior living. As a result, developers are looking at avenues to build affordable senior housing without government subsidies that bring a sense of luxury and comfort to residents, while instilling a renewed sense of dignity. The challenge is likely to become even more acute […]
The real estate capital markets landscape was shaken up Tuesday with the news that commercial real estate services brokerage JLL (NYSE: JLL) announced a definitive agreement to buy Dallas-based capital markets provider HFF (NYSE: HF) in a cash and stock transaction valued at $2 billion. Both firms are active players in senior housing and generated […]
Senior housing operators partnering with health care providers is a growing industry trend. Belmont Village’s newly announced partnership with Baptist Health South Florida, however, may be the first of its kind. The joint venture will develop a pipeline of Belmont Village communities, starting with the planned construction next year of Belmont Village Coral Gables. This […]
Belmont Village Senior Living topped out its first community in South Florida last week. Now, the company is laying the foundation for developing a pipeline of projects in the region, through a new partnership with Baptist Health South Florida. Houston-based Belmont Village announced a new partnership with the nonprofit health system to develop, own and […]
SunTrust provides $67 million construction loan for South Carolina community expansion Rolling Green Village, a non-profit continuing care retirement community (CCRC) in Greenville, South Carolina, secured a $67 million loan for an expansion project that broke ground last August. The loan was provided by SunTrust Banks. When completed in fall 2020, the expansion will include […]
Autonomous vehicles are not yet a common part of everyday society, but the foundation is being laid, with retirement communities at the forefront of developing this technology. One company, Voyage Auto, is already testing out self-driving vehicles in senior living settings with an eye toward the future. Voyage, a Santa Clara, California-based driverless vehicle service, […]
The senior living industry workforce will continue to expand in 2019, albeit at a slower pace compared to recent years. Meanwhile, wages will go up as unemployment remains low across the country, according to Argentum’s 2019 Forecast Report: Workforce Trends. Employment in the senior living industry increased 2% through June 2018, compared to 1.9% job […]
Seniors entering independent living and assisted living communities no longer expect Wi-Fi to be merely an option in their everyday lives — it must be part of a facility’s basic offerings. And the quality of a community’s Wi-Fi network can be the difference between a first look and a move-in. These are two striking conclusions […]
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