An “explosive and combustible environment” in the United States and around the globe is making it difficult to predict how the economy will fare — and how senior housing mergers and acquisitions will shake out — over the course of 2020. That’s one message from James Flynn, the CEO of Hunt Real Estate Capital who […]
The trend of innovative senior housing communities being built in urban, mixed-use settings is not limited to the nation’s major metropolitan areas, as proven by an assisted living community that opened its doors last year in the town of White River Junction, Vermont. The Village at White River Junction brought 80 senior living units to […]
Two Silicon Valley entrepreneurs are working to bring a new model of active adult senior living to the market, featuring a pocket neighborhood design and tech-enabled operations. They developed their concept with advice from senior living veterans, including Sunrise Senior Living Co-Founder Paul Klaasen, and have now secured their first site. The startup, called Cantina […]
Welltower is moving forward on all cylinders with its strategy of closely aligning senior housing with health systems. In addition to a recently announced relationship with Jefferson Health, the real estate investment trust (REIT) is in the process of working closely with Geisinger Health in Pennsylvania, CEO Thomas DeRosa said Wednesday at the J.P. Morgan […]
Cogir — a leading Canadian senior housing operator — is officially launching a U.S. management company under the leadership of two industry veterans, former Merrill Gardens President David Eskenazy and former Aegis Living CFO Walter Jossart. “We’re definitely very excited about it,” Jossart told Senior Housing News. “We’re working through methodically to understand the foundation […]
Senior living operators are in a “full-risk environment” due to oversupply, labor and other headwinds, and this is leading to necessary disruption in how capital structures are designed, Brandywine Living Founder and CEO Brenda Bacon believes. Specifically, her own experience in leading Brandywine has led her to reverse her position on RIDEA. As an entrepreneur, […]
The senior living industry is facing challenges on all fronts, including ongoing oversupply pressures, broken capital structures and aging properties that are becoming obsolete. “It’s a mosh pit of things going on right now,” SRG Senior Living President and CEO Michael Grust told Senior Housing News. Solana Beach, California-based SRG has a portfolio of about […]
Noted startup accelerator Techstars has teamed with Pivotal Ventures, an investment and incubator company founded by Melinda Gates, on a new program to support innovation in senior care. The Techstars Future of Longevity Accelerator will accept 10 startups annually for a 13-week program, Techstars and Pivotal Ventures announced on Jan. 6. The program will give […]
Going into 2020, Aegis Living is taking an entrepreneurial approach to meet intense workforce challenges. And the provider’s president, Kris Engskov, is pushing for a broader industry effort. “I am concerned about how fast we need to reposition the industry,” he told Senior Housing News. Specifically, Engskov does not believe that senior living as a […]
About a week after Scott Riddle joined Minneapolis-based senior living provider Walker Methodist as CFO in April 2013, the CEO left the nonprofit. “My joke is that it usually takes two weeks for people to get sick of me,” Riddle told Senior Housing News. While he’s able to laugh about the situation now, at the […]