Belmont Village CEO: Influx of Residential Developers Raises the Bar for Senior Living

In recent years, a growing number of residential real estate developers have trained their sights on senior living and launched project pipelines. This trend will continue, and well-established senior living players must up their game in response, according to Belmont Village CEO Patricia Will. In particular, she believes too many senior living communities have poorly […]

NHI ‘Relieved’ as 9 Properties Get New Operators, Acquisition Pipeline Grows

National Health Investors (NYSE: NHI) is pivoting to focus on acquisitions after a busy quarter that included nine distressed senior living properties transitioning to new operators. “Transition properties can be distracting to our normal investment activity, so our rapid repositioning means we’re back to making accretive investments full time,” NHI CEO Eric Mendelsohn said Tuesday […]

Arrow Senior Living CEO: Too Many Providers Have ‘Gotten Lost’ in the Sales Process

Arrow Senior Living is scaling up in the Midwest, differentiating itself with a sales approach to drive earlier move-ins and longer lengths of stay. “Although adult children are the initial inquiry into senior housing, they’re not the consumer,” Arrow founder and CEO Stephanie Harris told Senior Housing News. “I think our industry has gotten lost […]

Designing Senior Living for a New Hospitality, Health Care Paradigm

Senior living communities are beginning to take a new approach to blending hospitality with more robust health care, in a trend sure to influence future developments. In the past, private-pay senior living providers often set themselves apart from more institutional options by emphasizing a hospitality approach inspired by hotels, and taking a light touch with […]

Possible Presbyterian Senior Living, Westminster Merger Would Create Fifth-Largest Nonprofit Provider

Presbyterian Senior Living and Westminster Communities of Florida are considering a merger that would result in a combined not-for-profit organization with 54 communities, serving about 13,000 seniors across the full continuum. With a unit count over 7,100, the merged entity would rank as the fifth-largest not-for-profit senior housing and care organization in the nation, going […]

Leisure Care On Track to Open Highrise, Launches Paid Internship Program

As Leisure Care pushes forward with an East Coast expansion and prepares to open a 24-story senior living community in downtown Seattle, the company is also focusing on workforce development through a paid internship program called Discover. As of 2018, Leisure Care was the 16th-largest senior living provider in the nation, with a portfolio of […]

By 2029, 54% of Middle-Income Older Adults Will Not Be Able to Afford Senior Living

By 2029, there will be 14.4 million middle-income older adults in the United States, and 54% of them will lack the financial resources to pay for senior living at today’s average market rates. This presents a massive business opportunity but also a potential crisis for public health and government insurance programs. These are among the […]

Grace Management Rolls Out Resort-Style, All-Inclusive Dining

Grace Management has started to revamp its dining operations, introducing all-inclusive pricing and creating multiple venues throughout its 53-property portfolio. Minneapolis-based Grace is the operating company affiliated with CPF Living, the senior housing arm of private equity firm Chicago Pacific Founders. The Grace portfolio has been built up through a series of acquisitions, so one […]