Recent local news reports suggest that Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL) has sold its stake in all 10 communities in its senior housing operating portfolio operated by Seattle-based Merrill Gardens. Public records in Santa Clara County, California, show that Welltower recently sold a Merrill Gardens community located in San Jose and […]
While for-profit senior living providers are still expanding at a much more rapid pace, nonprofits are continuing to gain scale and sophistication in the midst of Covid-19, and are strategizing about how best to compete and command market share coming out of the pandemic. The “optimum” nonprofit senior living system of the future likely will […]
The federal government likely will make more funds available to assisted living providers soon, although it is unclear how much will be directed to the industry, and further help is needed given an estimated $17 billion financial impact that Covid-19 is set to exact on the senior living industry. This is the message from the […]
Christian Living Communities (CLC) has tapped Jill Vitale-Aussem as its next president and CEO. Vitale-Aussem is an industry veteran who served for the last two years as president and CEO of The Eden Alternative, the organization founded by Dr. Bill Thomas to drive culture-change and create more person-centered approaches in senior living and care. Prior […]
A decisive majority of independent living residents are glad to be in a senior living community during Covid-19, although they see room for improvement in some key operational areas. Meanwhile, staff are generally glad to be working in independent living during this time and believe that their communities have responded well to the pandemic. And […]
Assisted living communities tend to have more Covid-19 cases if they serve older residents, people with certain diagnoses, or a larger proportion of people from minority demographic groups. These are among the findings from researchers out of the University of Rochester, who analyzed seven states’ publicly available data on Covid-19 infections in assisted living. The […]
A majority of senior living professionals believe that the Covid-19 pandemic will result in permanently higher operating expenses. That’s according to the 2020 Seniors Housing Investor Sentiment Survey from National Real Estate Investor and the National Center for Seniors Housing & Care (NIC). This year’s survey garnered responses from 167 participants from a range of […]
The Covid-19 pandemic has renewed a longstanding debate about whether lifestyle-driven hospitality services or health care should be prioritized in future senior living operational models. Kim Lody, CEO of Capital Senior Living (NYSE: CSU), believes that the debate may not have a cut-and-dried answer, but the pandemic shows that providers must clear up confusion on […]
Greystar Real Estate Partners has become one of the foremost names in the fast-growing active adult rental sector in recent years, and now the development and management company is expanding in new directions with the launch of its more moderately priced Album brand. Charleston, South Carolina-based Greystar is the largest U.S. operator of multifamily apartments […]
Senior housing investors should be considering how their potential returns will be affected by the timing of a Covid-19 vaccine. The good news is that even if a vaccine is not widely available until a year from now, and the financial performance of communities deteriorates until then, senior living still remains an attractive investment due […]
Subscribe
Receive industry updates and breaking news from SHN