Conditions in 2025 favor life plan communities more than they did in 2024, according to Fitch Ratings. The ratings agency in December 2024 raised its credit outlook for life plan communities to neutral from a previous outlook of “deteriorating” due to improvements in cost inflation of some goods and services and better staffing conditions. Many […]
Category: CCRCs
Continuing care retirement community (CCRCs) occupancy and absorption rates continued to outpace non-CCRC communities in the third quarter of 2024. Memory care units within CCRCs surpassed other CCRC unit types with an absorption rate of 5.3% in the third quarter of 2024, according to a Nov. 22 report from the National Investment Center for Seniors […]
After years of challenges, the road ahead now looks a little brighter for non-profit life plan communities. Life plan communities are seeing more stable occupancy and operational trends than in the past, likely leading them to increase capital expenditure spending in the future. On the whole, “recovery building blocks [are] emerging” for the sector, according […]
By Amy Stulick Skilled nursing beds have contributed to operational stress at continuing care retirement communities (CCRCs) this year, according to a new report from Fitch Ratings. Fitch recorded eased labor challenges as well among skilled nursing providers as part of its “exposure draft” document that proposed revising rating criteria for CCRCs. Such campuses continue to […]
Living in communal senior housing is associated with greater longevity versus residing in the community at large – but there is notable variation between top-performing senior housing communities and those on the bottom. These are among the newly released findings from research conducted by NORC at the University of Chicago and funded by the National […]
Rose Villa Senior Living has grown to include 22 acres across a garden campus in the Portland, Oregon area. Recently, the community completed the addition of two buildings at the heart of its urban core to improve resident wellbeing. Rose Villa expanded to accommodate new neighborhoods and updated community amenities in multiple phases. Its third […]
The designers and project planners behind Brightview Dulles Corner had an overarching mission to foster interactions between residents and the outside world. With a location in the Washington, D.C. area and proximity to public transportation and green spaces, the community makes good on that mission. Today, the community pushes the “envelope of what senior housing […]
By: Zahida Siddiqi Sanford Health is through subsidiary Evangelical Lutheran Good Samaritan Society planning a $200 million continuing care retirement community (CCRC) as part of a larger expansion into the space. The Good Samaritan Society executives told Senior Housing News sister site Skilled Nursing News that the funding for the project is an outcome of […]
Health care spending in the U.S. grew by 4.1% in 2022 and reached $4.5 trillion, with continuing care retirement communities (CCRCs) and nursing homes reporting slightly lower health expenditures over the same time period, according to a study published Wednesday by Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS). In […]
Goodwin Living’s future lies in expanding health service offerings as the senior living provider keeps its focus on staffing and other operational efforts. The Alexandria, Virginia-based organization is a faith-based nonprofit that operates three communities in the northern Virginia area serving approximately 1,100 residents with a full continuum of care. Goodwin Living also manages a […]
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