Earlier in the pandemic, many in the industry surmised that the pandemic had made senior living residents much more urgent with regard to moving into senior living But a new report published earlier this week appears to show that is not the case.. The pandemic’s effect on a resident’s number of days from inquiry to […]
Category: Communities
A sprawling office complex that once served as headquarters for more than 1,200 employees is set to become senior housing. Senior Living Development — a firm led by Mark De Pecol, who is also the CEO of middle-market operator KindCare — is advertising the site in Trumbull, Connecticut, for sale to another company or for […]
Just under a third of non-profit senior housing units belonged to a top-10 largest operator in 2021 as the sector continued to diversify and evolve. That’s according to the latest and 19th LeadingAge Ziegler 200, released Thursday. The yearly report ranks the largest senior living non-profits in the U.S. and identifies trends in the space. […]
The runway for distressed senior living properties is getting shorter. Some operators have seen a slow march toward pre-pandemic occupancy gains and as well as to greater margins in 2022. Others have faced stalling or declining occupancy and revenue, coupled with strong headwinds from increased labor and operating expenses. Banks and lenders gave operators a […]
Senior living nonprofit Transforming Age is opening a second headquarters and taking on 10 new communities in six states as part of the organization’s latest growth push. The 10 communities are located in Illinois, Colorado, Nebraska, Kansas, Iowa and South Dakota, with one of the communities under construction. The communities span about 1,000 units, and […]
Architects and designers are pushing the envelope of senior living design in an effort to meet the preferences of the incoming baby boomer generation. Though the bulk of the cohort is still years away from reaching average senior living age, companies are preparing now by reimagining the basic senior living community design with efficiency, resident […]
Lifespace Communities plans to buy three senior living communities in Texas, furthering a growth strategy laid out by President and CEO Jesse Jantzen last year. The senior living nonprofit on Wednesday announced it has finalized an agreement with a private equity investment group to acquire three communities operated by ER Senior Management: Meadow Lake, a […]
Integrating exercise into senior living residents’ wellness regimens is nothing new, but providers are finding new ways to maintain resident health and drive better health outcomes through wellness. At the center of many of those efforts are goals that residents set themselves, according to Jolene Moore, director of operations at Pathway to Living “There’s a […]
Real estate investor and service provider Foundry Commercial has acquired from HHHunt Spring Arbor Senior Living and its 24 assisted living and memory care communities in the mid-Atlantic. The move nearly doubles Foundry’s senior living portfolio, which before the announcement stood at 22 communities. Capital Funding arranged financing for the transaction. Foundry declined to disclose […]
As the senior living industry seeks to grow occupancy in the aftermath of the Covid-19 pandemic, one major hurdle is staffing. On the one hand, operators need to demonstrate the quality of their operations to prospective residents to get them to move in — and to do that, they need enough workers to maintain service […]
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