Baby boomers are likely interested in accessing some health care services in active adult communities — but they might not want to call it “health care.” Driven by a belief that older adults want a product that stands apart from traditional independent living communities, developers are creating a new generation of for-rent active adult properties […]
Despite all of the senior living industry’s hard-earned progress, there may be worse days ahead in the fight against the coronavirus pandemic, according to Randy Richardson, president of senior living provider Vi. For Richardson — who stresses he is an optimist — it is disconcerting to see Covid-19 infection totals rise again in cities and […]
The issues faced by LTC Properties (NYSE: LTC) on a lease with an affiliate of Senior Lifestyle Corp. in the second quarter of 2020 may be a sign of things to come among other real estate investment trusts in the senior living industry, especially if occupancy deteriorates further in the months ahead. Westlake Village, California-based […]
Covid-19 has depressed senior living leads, inquiries, tours and move-ins — and that means senior living sales teams can’t afford to let prospects fall through the cracks. Year-over-year, senior living inquires are down 35%, re-inquiries are down 65%, tours are down 26% and move-ins are down 30%, according to data from senior living marketing firm […]
Senior living providers have grappled with many hardships due to Covid-19, but since the first state lockdown orders went out in mid-March, they have also amassed a wealth of knowledge around fighting the deadly disease. Today, many of them feel more confident that they can keep the disease out of their communities, or at least […]
Senior living providers across the U.S. received at least $252 million through Paycheck Protection Program (PPP) loans under $150,000. Assisted living and continuing care retirement community (CCRC) providers in California, Florida and Wisconsin received the most money through the program, according to a Senior Housing News analysis of PPP loan data released by the Small […]
Construction: Planned Erickson Opens Sales Center for Planned Community Erickson Living has opened a sales center for Avery Point, a continuing care retirement community (CCRC) slated to open in Short Pump, Virginia. Construction will occur in phases, with the first phase consisting of two residence buildings with 218 units and a community clubhouse scheduled to […]
Two former leaders of Five Star Senior Living (Nasdaq: FVE) are officially back in the operations game. Sona Senior Living, the operating company that Bruce Mackey and Scott Herzig launched last year, now has two management contracts under its belt in New Hampshire and Massachusetts, stepping into those buildings in the midst of Covid-19. The […]
As a result of Covid-19, some senior living providers are shifting their operational model from one that primarily emphasizes hospitality and socialization to one that focuses on high-quality clinical care. This shift could be a watershed moment for the industry, which has long debated whether the private-pay senior living product is — and should be […]
The senior living operations arm of one of the nation’s largest not-for-profit health systems has a new leader and an ambitious goal to grow the organization’s national presence. CHI Living Communities last month welcomed Aaron Webb as its CEO. Webb, a former COO with MorningPointe Senior Living, succeeded former CHI Living Communities CEO Rick Ryan, […]
