Covid-19 has made “density” a dirty word in real estate, and senior living developers are taking heed. Some data indicate an exodus is occurring from the most densely populated urban centers in the United States, in part because people are wary of coronavirus outbreaks like the one that beleaguered New York City in the early […]
Real estate investment trust LTC Properties (NYSE: LTC) collected 92% of rent due in the second quarter of 2020, with most of the shortfall attributed to buildings operated by Senior Lifestyle Corp. Westlake Village, California-based LTC wrote off $17.7 million in straight-line rent receivable and lease incentive balances related to an affiliate of Senior Lifestyle, […]
In the midst of the ongoing Covid-19 crisis, I imagine that few senior living executives paid much attention to recent news that Oak Street Health filed for an initial public offering (IPO). But, senior living leaders should consider the role that Oak Street and similar businesses could play in driving more affordable, better care for […]
Primetime Partners is a new investment firm involving heavy-hitters from the worlds of venture capital, wellness and senior living, and will back startups focused on the fast-growing older adult market. The firm originated through collaboration between Alan Patricof and Abby Miller Levy. Patricof is the venture capital icon behind Greycroft, which has $2 billion in […]
Atria Senior Living recently filed for a trademark for Glennis Solutions, a company providing technology to support senior living operations. “Over many years, Atria has developed a high quality, true end-to-end, suite of software solutions for senior housing operations,” the company told Senior Housing News in an emailed statement. “We are excited about the potential […]
Prominent figures in senior living development and operations see a growing opportunity for hotel conversions, including in the highly competitive New York City market. “I think … looking to buy defaulted hotel notes and turning hotels into CCRCs will clearly come to the Upper West Side, the East Side, and into Manhattan,” Senior Care Development […]
Accessory dwelling units — which are sometimes used as a senior housing option — became much more commonplace across the United States between 1997 and 2019, with certain markets emerging as hotspots. In particular, cities in the South and West are prime locations for accessory dwelling units (ADUs), according to first-of-its-kind research from Freddie Mac. […]
Strive Senior Living has acquired the seven-property portfolio of Sutton Homes small-house memory care communities, and will use this as a platform to launch the Sanctuary by Strive memory care brand. Strive was founded by the husband and wife team of Trey Vick and Carrie Vick. The couple met during their time in the U.S. […]
Active adult projects resemble multifamily properties in some ways, and in other ways they are akin to higher-acuity senior living — but profitably running an active adult community means understanding that this is a unique type of asset with challenges all its own. From identifying and successfully marketing to the active adult consumer base, to […]
Juniper Communities — an early proponent of widespread Covid-19 testing in senior living — is working with a new partner to deploy more data-driven, rapid, reliable and cost-effective tests. Bloomfield, New Jersey-based Juniper has teamed up with Oakland, California-based Dascena on the effort, the organizations announced Monday. In late April, Dascena announced the closing of […]
