A new campaign is sparking conversations about aging and senior living in airport security lines and other unlikely spots across the country. Called “Old People Are Cool,” the initiative is meant to combat ageism and raise the profile of the senior care industry, says Charles Read More »
Category: Assisted Living
Hispanic Americans Lack Confidence in Assisted Living Communities
Hispanic Americans are unsure that assisted living communities and other kinds of senior care providers can meet their needs, according to a new survey from The Associated Press-NORC Center for Public Affairs Research. Just 18% of Hispanics age 40 and older are “extremely or very confident” that assisted Read More »
Potential $5 Billion Development Pipeline Planned for Maplewood’s Inspir Brand
When it broke ground on a luxury highrise in Manhattan earlier this summer, Maplewood Senior Living also announced that the building would launch its new Inspīr brand. Maplewood now is detailing ambitious plans to create other Inspīr communities by pursuing a multi-billion dollar pipeline of Read More »
Largest Affordable Assisted Living Community in Texas Closing
The demand for affordable senior housing is growing rapidly. But successfully operating this asset class is challenging, as a large facility in the Lone Star State found. Westchester Plaza in Fort Worth, Texas—the largest assisted-living facility for Medicaid recipients in the state—will be closing its doors after Read More »
Assisted Living Occupancy Plummets to Record Low
Assisted living occupancy is continuing to fall nationwide, according to data released Wednesday by the National Investment Center for Seniors Housing & Care (NIC). The average occupancy rate for assisted living properties across the country fell to 86.5% in the second quarter of 2017. That’s 0.7 Read More »
Assisted Living M&A Prices Reach All-Time Highs
For assisted living property owners, it has very much been a seller’s market. That’s because the average price per unit of assisted living communities reached an all-time high in 2016, according to a newly released report. Specifically, the average price per unit of assisted living communities Read More »
Assisted Living Provider in Hot Seat After HUD Audit
Many assisted living companies seek financing insured by the Department of Housing and Urban Development (HUD). However, doing so comes with requirements that providers must be vigilant about meeting, as demonstrated by a recent audit report of one California assisted living community from the HUD Read More »
How Mexico is Luring American Assisted Living Residents
Some older Americans are opting to move to Mexico rather than to assisted living in the United States. Why? Care is dramatically cheaper south of the border, according to 93-year-old Peter Fowler, a resident at the Serena Senior Care assisted living community in Rosarito, Baja California, Read More »
Assisted Living Provider Bets Big on Small Homes
At a time when some providers are rushing to open sprawling and luxurious senior living communities, one Texas-based owner-operator is thinking small. Dallas-based Mustang Creek Estates specializes in building affordable campuses comprised of six or seven individual homes that accommodate 10-16 residents apiece. Though the communities are smaller Read More »
Washington Watch: EB-5 In Peril, Assisted Living Industry Breathes Easier
A flurry of news has come out of the nation’s capital this week with implications—some positive, some less so—for the senior housing industry. Specifically, a U.S. Senator pushed to kill the EB-5 visa program, which is utilized by some senior housing developers. Also, the Centers Read More »
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