This article is part of your SHN+ subscription A recession and a steep slowdown in home sales have yet to come to pass despite recent warnings, and senior living operators and finance experts believe that the CCRC sector’s demand outlook is brighter as a result. Trading in home equity is a common way older adults […]
With year-over-year margin growth of 200 basis points in its senior housing operating portfolio (SHOP), Ventas (NYSE: VTR) is taking advantage of market forces to grow beyond a strongfirst quarter. “We believe that above 90% occupancy and higher margins are also attainable because current supply-demand conditions are materially more favorable than they were during the […]
Half a decade ago, Mather Institute set out to study the health and wellbeing of life plan community residents with Northwestern University. On the heels of its fifth year of results, the Age Well Study is still shedding new light on the preferences of older adults, and showcasing the benefits associated with living in life […]
A forward-thinking life plan community in the senior living hotbed of Lancaster, Pennsylvania,is gearing up for future growth, both at its existing campus and new locations. The sweeping life plan community, Willow Valley Communities, is among the largest LPCs in the U.S., according to the 2022 LeadingAge Ziegler 200 report. All told, Willow Valley Communities […]
Nearly one year after Lifespace Communities filed for Chapter 11 bankruptcy, ownership and management of its Edgemere community has changed hands. Bay 9 Holdings, an affiliate of Lapis Advisers, is set to buy Edgemere and task operator Long Hill at Edgemere, a wholly-owned subsidiary of United Methodist Homes, with managing the community. Shelton, Connecticut-based Long […]
The National Investment Center for Seniors Housing & Care (NIC) is forging ahead, going deeper on data than ever before and introducing new educational and research initiatives amid a “great transformation” underway in the senior living industry, NIC President and CEO Ray Braun said Wednesday at the organization’s spring conference in San Diego. “We need […]
The pandemic’s challenges have pushed many non-profit senior living operators to consider joining forces. The latest example of that trend is occurring in New Jersey, where four communities are coming together as one. The communities, Fellowship Village in Basking Ridge, Friends Village in Woodstown, House of the Good Shepherd in Hackettstown and Pines Village in […]
Life plan communities (LPCs) could face tougher overall market conditions in the year ahead compared to 2022, despite demand remaining strong for all care types. Operating cost pressures, driven by staffing shortages at communities, have prompted operators and owners to pass through considerable rate increases due to wage adjustments. That ultimately led to the deterioration […]
In the senior living industry, size is not a guarantee of success. But for the nation’s largest communities, that scale has been a source of operational stability during the last almost three years. Many of the largest senior living communities — all CCRCs or life plan communities — leaned on their size to weather operational […]
Elevated staffing costs and difficulty finding workers could affect how some continuing care retirement communities (CCRCs) and life plan communities think about their unit mix in the long-term. That’s according to a newly released analysis on October 2022 trends from financial services company Fitch Ratings. It’s no secret that the cost of doing business is […]
