Of the 1,300 senior living communities in the inaugural 2022-23 “Best Senior Living,” list from U.S. News & World Report, 25 earned the distinction of being the best of the best. Those communities, managed by operators including Discovery Senior Living, Belmont Village and Garden Spot Communities, were chosen because they outperformed their peers in all […]
Category: Assisted Living
Investors are again showing interest in senior living after a cooldown during the pandemic — and Capitol Seniors Housing Managing Partner and Founder Scott Stewart sees plenty more dollars left to be deployed into the industry. As he looks across the sector, he sees “billions and billions of dollars” of equity on the sidelines waiting […]
The Bristal Assisted Living opened the doors at its newest community this April, adding to a growing number of luxury senior living communities in New York City. The community, called the Bristal at York Avenue, represents the first venture into Manhattan for The Bristal Assisted Living – the assisted living and memory care brand owned […]
The skilled nursing sector is undergoing a shakeup, and senior living providers should be prepared to seize opportunities amid the fallout. Nursing homes are embattled on every front. The federal government is pushing for sweeping reforms that include steeper financial penalties and staffing minimums — even as providers are facing severe worker shortages. And skilled […]
Senior Living Development is breaking ground on the first of what its chief executive envisions as a brand of senior living communities that combines high-end amenities and services with affordability for residents. Construction on a five-story senior living companion care apartment community in Bristol, Connecticut is underway that is expected to open in Spring 2023 […]
Spurred by a recent six-property addition and an optimistic outlook on demand, Peregrine Senior Living is seeking to expand in the Northeast. In January, Sculptor Real Estate acquired a 16-community portfolio of senior living communities in a joint-venture deal with Peregrine, which is managing six communities in the Northeast. With the deal, the Syracuse, New […]
Almost one year ago exactly, Brian Beckwith ended his tenure as CEO of Formation Capital and began to consider his next moves. Sheryl Marcet was also considering her future. At the time, Marcet was a managing director at Formation, and she had first worked with Beckwith when they were both at GE Capital. Beckwith and […]
The number of occupied senior living units increased during the last three quarters of 2021 — but demand for assisted living has bounced back faster than demand seen for independent living. That’s according to a new analysis from NIC Chief Economist Beth Mace and Senior Data Analyst Omar Zahraoui. The number of occupied senior housing […]
The average cost of professional liability claims in the assisted living setting ($267,174) continues to exceed that of skilled nursing facilities ($245,559). And while fall-related allegation claims continue to account for the majority of cases against assisted living operators, the severity of pressure injury claims has risen sharply since 2018 within assisted living, according to […]
Assisted living rates rose in 2021 as the senior living industry continued to get a handle on the Covid-19 pandemic and its many pressures on operations. The cost of assisted living for a resident increased 4.65% in the past year, with a median of about $4,500 per month or $54,000 annually for a private, one-bedroom […]