As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
In the past, too many senior living providers put off addressing workforce challenges while preoccupied by the quest to achieve stabilized occupancy. That’s according to Vitality Living CEO Chris Guay, who believes that providers now have no choice but to work on both issues simultaneously, given the labor crisis occurring while companies need to recover […]
After a halt in the development and construction of new projects in senior housing during the pandemic, growth is back — with investors and operators navigating economic challenges in order to seize demographic opportunities. That’s according to data and insights shared during Senior Housing News’ recent BUILD conference in Chicago. Construction lending and activity is […]
True Connection Communities CEO Jim Pusateri is excited about the potential synergies between traditional senior living providers and manufactured housing communities — and he is in a position to drive such innovations. That’s because True Connection is owned by private equity firm Green Courte Partners, which also owns a manufactured housing portfolio. “That’s one of […]
True Connection Communities CEO Jim Pusateri’s career in senior living has spanned three decades — and he believes not much has changed, until now. “I was just talking to our teams at our meeting saying, ‘Honestly, I’ll have been in the industry for 31 years in May, and I don’t think it’s changed very much […]
The middle market is one of the senior living industry’s emerging fronts, and there are many philosophies regarding making it work. According to Lloyd Jones COO and EVP of Senior Housing Tod Petty, the sector represents an “opportunity of a lifetime” — if you have the right team to make it work. “Primarily, you have […]
Priya Living Founder and CEO Arun Paul is aiming for what he calls the “holy grail” of senior living — a premium product at an attainable price point. But achieving that depends in large part on how Priya defines “luxury.” “If you think about it as we do, true luxury is experience,” Paul said during […]
The market for active adult rental communities has gotten red-hot in recent years, but this type of senior housing product is still in its early stages. Two developers that have already made a name for themselves are Treplus Communities and Sparrow Partners, and their approaches to active adult development have led to growing portfolios and […]
Active adult senior housing continues to generate intense interest from investors and builders across the greater real estate industry. Newcomers to the space include multifamily developers and operators, but a growing number of senior housing developers and operators are gravitating toward active adult as well — including Allegro Senior Living and Vitality Living. These companies […]
Senior housing capitalization rates have compressed amid a recovery from the effects of the Covid-19 pandemic, but an increasing number of industry stakeholders believe that elevated operating expenses are here to stay. That’s according to the recently released H1 2021 U.S. Seniors Housing & Care Investor Survey from CBRE. The findings also indicate that investors […]
