The Covid-19 pandemic has drastically accelerated the adoption of technology within senior living, with communities across the nation rapidly implementing a variety of tools. One of the most high-profile tech rollouts of 2020 has been occurring at buildings operated by Merrill Gardens, where Google has been deploying Nest Hub Max devices with adaptations for older […]
Real estate investment trust Healthpeak Properties (NYSE: PEAK) reportedly is considering moving the company headquarters. Currently, the REIT is based in Irvine, California. Nashville is being considered as a new headquarters location, the Nashville Business Journal (NBJ) reported Friday. Denver and Dallas are also under consideration, according to the NBJ. Healthpeak declined to comment to […]
Kisco Senior Living is moving toward more normalized operations by utilizing rapid, “pooled” Covid-19 testing — similar to the approach taken by the National Basketball Association (NBA) and the National Hockey League (NHL). “We’re excited about what it’ll bring to our residents and the confidence it provides our families,” Ed Ward, vice president of operations […]
The Black Lives Matter movement focused global attention on issues of diversity, equity and inclusion this year, and senior living providers have responded in various ways to calls for change. This work has been ongoing at National Church Residences, one of the largest nonprofit senior housing providers in the United States, with about 310 senior […]
“We won’t go back to the way we were. The new normal will not be the old normal.” These words were spoken last week by Beth Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC). But, it was a sentiment that many people have been expressing over the past month, […]
Mather was not planning for a global pandemic when the organization embarked on the creation of a $475 million-plus life plan community near Washington, D.C. But after Covid-19 struck, Mather listened to consumers, adapted the project design and reached the 70% pre-sold mark in September. That’s three months ahead of the schedule that was set […]
The Covid-19 pandemic has accelerated the integration of senior living communities within the broader U.S. health care system, which has opened new business opportunities but also increases the likelihood of federal regulations for assisted living. “I think it’s inevitable that we’re going to start to see a regulatory framework at the federal level,” Anne Tumlinson, […]
The Department of Health and Human Services (HHS) is working through issues that are delaying the distribution of government relief funds to some assisted living providers, according to the American Seniors Housing Association (ASHA). In September, HHS announced that private-pay assisted living providers would be able to tap into Provider Relief Funds, receiving up to […]
Co-living is not a new concept as an option for older adults — the classic series The Golden Girls brought a co-living arrangement to life on people’s television sets in the 1980s and 1990s. But innovations in co-living are dovetailing with the Covid-19 pandemic, which has aging baby boomers looking for alternatives to traditional, communal […]
PGIM Real Estate provided a $460 million loan to help fund the acquisition and recapitalization of a 10-property senior living portfolio operated by Seattle-based Merrill Gardens. The announcement of this financing, made on Thursday by PGIM Real Estate, sheds further light on this deal. Previously, local news sources reported that certain communities had changed ownership, […]
