In his two decades in the senior living industry, Juniper Communities CFO Chuck Hastings has seen many changes, but one stands out: consumers’ evolving expectations and needs. And failing to keep up with customers can have dire consequences. “That is where a company can make some real financial missteps … when they don’t listen to […]
Douglas Wilson Companies (DWC), a noted San Diego-based real estate developer, has officially entered the senior living game by opening Sienna at Otay Ranch, in partnership with two well-known names in the industry: Milestone Retirement Communities and HCP Inc. (NYSE: HCP). DWC plans to open additional senior living communities throughout the western U.S. over the […]
With the pursuit of wellness becoming pervasive not only in senior housing but for people of all ages, health care-related buildings are replacing retail locations as the anchors of mixed-used real estate developments — and Welltower (NYSE: WELL) is pursuing projects to accelerate this trend. “Twenty-five years ago, if you said to someone, why don’t […]
Ecumen, one of the nation’s largest nonprofit senior housing and services providers, has named Shelley Kendrick as CEO and president, effective Feb. 4. Kendrick joined Ecumen in 2012 as vice president of operations and currently is COO. She succeeds Kathryn Roberts, who has been CEO since 2003. Roberts indicated to Ecumen’s board last year that […]
GenCare Lifestyle is not a large senior living provider, but the Seattle-based company is making a mark. Helmed by industry veteran Leon Grundstein, GenCare has been on the leading edge of wellness-focused operations, with particular innovation in the area of dining, and has started working with a new capital partner to support the company’s continued […]
Wellness has been a buzzword in senior living for some time, and new survey numbers showcase that it is replacing “care” as the driving concept for community operations. The International Council on Active Aging asked 267 senior living professionals this question: Will their community be based in a wellness lifestyle with options for care, or […]
Senior housing providers and other industry stakeholders may be feeling a sense of dread going into 2019. Occupancy is at a low point, labor expenses are surging amid sharp workforce challenges, new competition continues to pressure certain markets, construction costs are up and aging baby boomers are not yet entering communities in huge numbers. While […]
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After more than a decade leading MBK Senior Living, Terry Howard started an advisory firm and was not looking to get back into operations — until Harmony Senior Services came calling. Attracted in large part by the company’s integrated model — involving related private equity and development firms that work in concert with Harmony as […]
In 2019, senior living providers need get over a “me first” mentality and get collaborative. Occupancy will remain stagnant and workforce challenges will grow more complicated, but changes in the U.S. economy and health care system could alleviate some pressures and create business opportunities. However, to take advantage of opportunities, providers might need to “detonate” […]
