The senior housing industry has been beset by oversupply challenges in 2017, with new competition taking a bite out of occupancy. However, supply and demand dynamics differ significantly from market to market. The following 11 metropolitan areas are hotspots to keep an eye on. Relative to their existing inventory, they’ve seen their senior housing stock […]
Aging baby boomers are increasingly choosing to rent rather than own their homes. This could be good news for the senior living industry, which offers the type of rental housing that older adults appear to be embracing, rich in amenities and opportunities to socialize. Between 2009 and 2015, the number of renters over the age […]
Assisted living providers know that engaging residents in recreational activities is not straightforward—and the research supports that. A researcher out of the University of Colorado at Colorado Springs, Evan Plys, has reviewed the scientific literature regarding recreational activity behaviors in assisted living, analyzing 70 total studies. The article with his findings, “Recreational Activity in Assisted […]
The most-read Senior Housing News stories from the past week both involved COOs. Last Monday, readers were eager to hear more about why Chicago-based Senior Lifestyle decided to appoint co-COOs. A day later, the hot story was that Labeed Diab is exiting the COO post at Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD). When Brookdale […]
Oakmont Senior Living is under media scrutiny for how it handled the evacuation of a community last week during the devastating wildfires in Northern California. A family-owned and operated business, Oakmont has planned and developed more than 40 senior living communities in the western United States. It is based in Windsor, California—near the city of […]
One of the nation’s largest senior living providers, Senior Lifestyle, has reconfigured its leadership structure with the goal of being more nimble even as it gains scale. Its growth is expected to come in both senior housing and ancillary services such as home health. The Chicago-based company currently is the seventh-largest senior living operator in […]
The Aging2.0 OPTIMIZE conference brings together 1000+ senior care executives, tech companies, investors and entrepreneurs from around the globe. This not-to-be-missed event November 14-15 in San Francisco will feature captivating keynotes, exclusive networking opportunities, unique market insights and a cutting-edge showcase of innovative exhibitors. Sign up with the promo code A2NETWORK and receive a 10% registration discount. […]
While federal policies have shifted in a pro-business direction since President Donald Trump took office last January, potential labor law changes still could threaten the bottom line for senior living providers. “It has played out that the new administration is friendlier to business,” Maribeth Bersani, COO of senior living association Argentum, said last week at the […]
Wildfires sweeping across Northern California have led to mass evacuations, with seniors among more than 20,000 people who fled their homes—thousands of which have been destroyed. It’s likely that some of these displaced older adults will now decide to live in a senior housing community, either on a temporary or permanent basis. Sunshine Retirement Living […]
Bigger is not always better in senior living. The struggles of industry giant Brookdale (NYSE: BKD) are evidence of this, but a different provider—St. Louis-based Provision Living—offers another case study in the merits of being a leaner, more focused enterprise. Founded in 2005, Provision had grown to about 40 properties in 11 states by 2015, in […]
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