A new study is shedding light on the number of chronic conditions the average senior living resident manages, and how much it costs them annually. The average older adult residing in either a senior living community or nursing home manages about a dozen or more chronic conditions such as asthma, high blood pressure, high cholesterol […]
Category: Assisted Living
With interest rates rising, new construction lending appears to be slowing in the senior housing sector — but that doesn’t mean debt isn’t available, either. So long as developers have the track record to quell lenders’ concerns, they are finding ways to source financing for their new development projects. The National Investment Center for Seniors […]
About 11.5 million older Americans age 75 and older will be unable to afford assisted living in the coming decade as the middle-market gap continues to widen. That’s according to a newly updated report by NORC at the University of Chicago. The refreshed report, released Wednesday, builds on the groundbreaking “Forgotten Middle” study in 2019, […]
Earlier this month, Thrive Senior Living opened the senior living operator’s 40th community since its inception — and its most unique. The community, Thrive at Montvale, spans about 215,000 square feet and contains 203 rental units on a site in Montvale, New Jersey. While the community is arriving with a slate of luxury-focused amenities, its […]
The lines between senior living care levels have blurred in recent years as residents arrive at communities with more care needs, and as operators get more skilled in caring for them. For example, it’s a common refrain in the industry that today’s independent living residents are yesterday’s assisted living residents; and today’s assisted living residents […]
Despite senior housing net operating income approaching pre-Covid levels in the second quarter of 2022, Welltower (NYSE: WELL) CEO Shankh Mitra sees those results as “mediocre at best.” But that is not because he believes the company’s senior housing partners did especially poorly during the quarter. Instead, he sees a much longer runway for unlocking […]
With National Healthcare Investors’ (NYSE: NHI) year-long effort to optimize its portfolio nearly complete, the company is once again renewing its focus on growth in the future. The Murfreesboro, Tennessee-based real estate investment trust (REIT) made more progress pruning its portfolio in the second quarter of 2022 and bringing new operators into the fold, and […]
Three years ago, Sonida Senior Living (NYSE: SNDA) leader Kim Lody laid out a turnaround plan to help position the company for long-term success. With those efforts largely in the rearview mirror, she is passing the torch. Lody on Thursday announced she is stepping down from her post as CEO, with current COO Brandon Ribar […]
Financial distress among hotels during the pandemic and persistent barriers to new development have created opportunities for senior living conversion projects. Though hotel reuse projects are typically one-off opportunities, there are companies looking to acquire and repurpose hotels as part of their growth strategies. Two in particular, Lloyd Jones and Solvida Development Group, have made […]
Welltower (NYSE: WELL) is transitioning a 12-property senior living portfolio to operating partners Oakmont Senior Living, Kisco Senior Living and Cogir Management USA. The portfolio spans 2,000 assisted living units in the Los Angeles, San Francisco and Seattle metro areas, and includes more than half of the communities Welltower purchased from Vintage Senior Living for […]
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