Hotel Owner Quadrum Expands Senior Living Arm with Liana Brand

A recent entrant into the senior housing space is diversifying and expanding its offerings by launching a new memory care brand called Liana. Quadrum Senior Living (QSL) announced this week that its new Liana brand now extends to two 54-unit properties in Venice, Florida; and Austin, Texas. Another two 54-unit communities on the way in […]

Monthly Assisted Living Costs Surpass $4,000

The cost of assisted living rose 1.28% in the past year, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median cost for a one-bedroom unit in an assisted living community is now $4,051 per month, or $48,612 per year, according to the survey. The five-year annual growth […]

Senior Housing Occupancy Ticks Up From Record Low Levels

After a period of historical lows, senior housing occupancy rose on a nationwide basis in the third quarter. Average senior housing occupancy increased to 88%, up 30 basis points from the previous quarter’s 87.7% rate, according to new data from the National Investment Center for Seniors Housing & Care (NIC). But as is always the […]

Movers & Shakers: First CEO for National Senior Campuses; Watercrest Hires Sales Specialist

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Activist Brookdale Investor Withdraws Flaherty Board Nomination

The ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings is on hold — at least for now. Land & Buildings Investment Management on Tuesday withdrew its nomination to add Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), to Brookdale’s board of directors. The […]

How Benchmark Rebounded After Losing Its ‘Mojo’

Not long ago, Benchmark was struggling. Although it had built a reputation as a leading senior living operator, the Waltham, Massachusetts-based company was staring down new competition and declining business results. Benchmark’s occupancy had fallen to below 88% in 2017, a departure from the 93% occupancy rate the company had grown accustomed to over the […]