With an occupancy recovery underway and the prospect of favorable demographics around the corner, Atria Senior Living CEO John Moore believes that now is the time to evolve senior living offerings and build for the future — despite a challenging operating environment and some development headwinds. Atria recently has taken some decisive steps toward building […]
With 54% of middle-market seniors expected to be unable to afford market-rate senior housing by 2029, developers and operators are considering renovating older buildings to serve a lower price point. Indeed, this is the top strategy for meeting middle-market demand, according to the 2020 Senior Housing Outlook report from Senior Housing News and Hunt Real […]
Ventas (NYSE: VTR) is pitching for sale a portfolio of eight Atria Senior Living communities in six states, at a value of about $400 million. That’s according to real estate publication Real Estate Alert, which cited recent marketing materials in its reporting. Ventas confirmed to Senior Housing News that the communities are being marketed for […]
Brookdale Senior Living (NYSE: BKD) is offering a new glimpse of its recent renovations, redesigns and expansions — including an effort to meet the growing demand for memory care services. The Brentwood, Tennessee-based company has completed more than 650 such projects since January, 2018, representing an investment of about $330 million in almost 300 U.S. […]
Real estate investment firm Harrison Street is expanding its relationship with Brightview Senior Living. The Chicago-based company announced Wednesday it acquired an 11-community portfolio managed by Brightview. The portfolio comprises 1,322 units in independent living, assisted living and memory care properties across Maryland, New Jersey and Massachusetts. All of the communities are stabilized, with an […]
There may be an abundance of available homes in some major metro markets over the next two decades, driven in part by the wave of aging baby boomers. Whether all these boomers will be able to find buyers for their homes — and then make the move to senior living communities — is an open […]
As the sport’s popularity surges, adding pickleball facilities could be a competitive advantage for senior living providers courting tenants. Pickleball combines elements of tennis, ping pong and badminton, and is one of the fastest growing sports in the U.S. Nearly 3.1 million Americans play pickleball, according to the USA Pickleball Association’s 2019 pickleball fact sheet. […]
New development and rehabilitation of senior living projects continues in earnest as evidenced by the entries for the 2018 Senior Housing News (SHN) Architecture & Design Awards. With more than 90 communities participating, SHN is pleased to announce the winners of this year’s awards. Senior living communities nationwide submitted their communities for consideration in the […]
The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
Head north on Halsted Street in Chicago’s Boystown neighborhood—just one block of Wrigley Field—and you’ll see it: a modern, multi-unit residence decked in green and blue hues. No, this isn’t a new condominium for the city’s young, urban professionals, but rather an affordable housing unit that has become a haven for the city’s low-income older […]
