Assisted living communities have been in lock-down mode since the Covid-19 pandemic struck the United States in mid-March — but this situation is slowly beginning to change. Over the next weeks and months, assisted living buildings will adapt again in order to facilitate certain visitors and restart some activities. To regain a semblance of normalcy […]
Starting a business in the midst of a global pandemic was not what Trent Czisny had in mind when he founded an operating company — but Covid-19 has not shaken his ambition to take on the “last frontier of senior living.” Czisny plans to open the first Archwood Senior Living building within a few weeks. […]
Real estate services and investment company Foundry Commercial has forged a joint venture with Foster Senior Living to acquire, develop and manage senior living communities. Through this JV — dubbed FSL Senior Living Ventures — the two companies will jointly own and manage communities. The JV is structured roughly as a 50/50 partnership, with Foster […]
Changing the senior living landscape has always been a cornerstone of Priya Living, under the leadership of its founder, Arun Paul. From marketing the company’s independent living communities as “Where Bombay Royale Meets Palm Springs,” to listing unit pricing directly on the company’s homepage, Paul has in many instances acted directly in contrast to what’s […]
Brookdale Senior Living (NYSE: BKD) recently held a “virtual sales rally” involving about 1,800 people, with the goal of helping communities drive occupancy as the Covid-19 pandemic enters its next phase. “The sales rally focused on strengthening our messages on Brookdale’s points of difference with each community’s local story, including facts on how we’ve managed […]
Ventas (NYSE: VTR) is seeing promising trends in its senior housing portfolio, but CEO Debra Cafaro is clear that her company and the economy as a whole are still captive to Covid-19. “We’re all prisoners of the virus,” Cafaro said Tuesday during a panel at Nareit’s REITweek Virtual Investor Conference. Chicago-based Ventas is a real […]
Belmont Village is teaming up with residential real estate giant Greystar to develop a 17-story senior living highrise in San Diego, in a project that is a first for both companies. The building will be the 32nd senior housing community in Belmont Village’s portfolio and marks the first time that the Houston-based company has done […]
Welltower (NYSE: WELL) closed on a $300 million sale of six senior housing assets at the end of May and is also disposing of a $1 billion portfolio of seven senior housing and 29 outpatient medical properties. The transactions were executed on a quick timeline of less than 45 days between signing of confidentiality agreements […]
Covid-19 has upended the way that senior living sales teams operate. The good news is that May numbers showed improvement over April — but there are also indications that sales pros are not using their time most efficiently and effectively. These are among the takeaways from a newly released data set from Sherpa, representing information […]
Executives with Ventas Inc. (NYSE: VTR) are reducing their salaries and the Chicago-based firm is cutting about a quarter of its corporate staff as part of an effort to maintain financial strength in the midst of the Covid-19 pandemic. The real estate investment trust (REIT) is one of the largest owners of senior housing properties […]
