With Amazon Backing, Northbridge and Partners Expand Assisted Living Medicaid Model in DC

Having successfully developed an assisted living community for Medicaid beneficiaries in the Washington, D.C. market, Northbridge is now underway on a similar project, with Amazon (NYSE: AMZ) among the backers. Amazon’s involvement will “give us a little more flexibility” in the new community compared to the first, Northbridge Communities President Wendy Nowokunski said at the […]

New Demand Dynamics Could Alter Industry’s Assisted Living Vs. Independent Living Balance

This article is part of your SHN+ subscription During last week’s Q2 2023 earnings call, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier characterized the company’s focus on higher-acuity settings as a competitive differentiator. “Our diverse portfolio of communities, with a higher mix of assisted living and memory care, sets us apart from the industry, […]

Assisted Living Operators Closest to Returning to Pre-Pandemic Average Occupancy Levels

The senior living industry is racing back to pre-pandemic occupancy — and operators of assisted living communities appear to be closest to the finish line. Assisted living operators have since the start of the pandemic recovered roughly three-fourths of their overall occupancy losses, according to a new analysis from NIC MAP Vision. Independent living operators, […]

Senior Living Industry Associations Form Collaborative Focused on Quality in Assisted Living

The senior living industry’s most prominent four advocacy organizations are coming together as part of a new effort to define and boost quality in assisted living communities. LeadingAge, the American Seniors Housing Association (ASHA), Argentum and the National Center for Assisted Living this week announced the launch of the Quality in Assisted Living Collaborative, an […]

LTC Sees Most Active Investment Year Since 2015, With $100M Pipeline to Come

LTC Properties (NYSE: LTC) has invested almost $180 million this year, representing its most active year for transactions since 2015. And if all goes according to plan, the company won’t stop there. Leaders with the Westlake, California-based real estate investment trust (REIT) are also focused on operator diversification a little more than a month after […]

Average Senior Living Occupancy Exceeds 83%, Marking Seventh Straight Quarter of Growth

Strong demand for needs-based units drove senior living occupancy higher in the first quarter of the year, marking the seventh consecutive quarterly increase since the industry’s pandemic occupancy low in 2021. That is according to the latest occupancy data from the National Investment Center for Seniors Housing & Care (NIC) and NIC MAP Vision. Overall […]