The Covid-19 pandemic has created impediments to development, but Aegis Living is still on track to double its portfolio size within a decade. The Bellevue, Washington-based assisted living and memory care provider currently has 32 communities in operation and eight under development. So, about three communities need to be added each year for the next […]
Senior housing is not a one size fits all business, and there is a wide opening for developers to create communities specifically tailored for underserved groups. Some providers are cognizant of the opportunity to serve niche markets and are adapting their operations to meet demand. Others are building new communities to bring care and services […]
Covid-19 continues to adversely affect senior housing occupancy, which reached another record low in the third quarter of 2020, according to data released by the National Investment Center for Seniors Housing & Care (NIC). The average occupancy rate across NIC’s 31 primary markets fell to 82.1% – a 2.6 percentage point decline from the second […]
Covid-19’s disruption puts further pressure on the senior living and care industry to address the need for middle-market communities. But the pandemic has also wiped the slate clean, providing an opportunity to start anew and not think in currently defined terms, Torey Riso, former president and CEO of Blueprint Healthcare Real Estate Advisors, said Thursday […]
Minka, the tiny home model co-founded by elder care innovator Dr. Bill Thomas, recently took another step toward mass scalability and integration within the existing senior living framework. Walnut Creek, California-based senior housing and care provider organization The Covia Group and Ziegler Link•age Funds announced a joint investment in Minka Homes and Communities over the […]
Senior housing developer Link Senior Development is launching its own in-house brand, with a development pipeline that includes seven sites in four states. And the Portland, Oregon-based firm tapped a company that specializes in managing new senior housing developments to operate the brand. Ativo Senior Living will be operated by Insight Senior Living, Link President, […]
Covid-19 has made “density” a dirty word in real estate, and senior living developers are taking heed. Some data indicate an exodus is occurring from the most densely populated urban centers in the United States, in part because people are wary of coronavirus outbreaks like the one that beleaguered New York City in the early […]
Prominent figures in senior living development and operations see a growing opportunity for hotel conversions, including in the highly competitive New York City market. “I think … looking to buy defaulted hotel notes and turning hotels into CCRCs will clearly come to the Upper West Side, the East Side, and into Manhattan,” Senior Care Development […]
Accessory dwelling units — which are sometimes used as a senior housing option — became much more commonplace across the United States between 1997 and 2019, with certain markets emerging as hotspots. In particular, cities in the South and West are prime locations for accessory dwelling units (ADUs), according to first-of-its-kind research from Freddie Mac. […]
A Michigan owner operator is temporarily halting construction on two senior living communities as it focuses on keeping residents across its portfolio safe from the coronavirus pandemic. Grand Rapids-based Leisure Living Management will proceed with construction of the properties in the Michigan communities of St. Clair and Port Huron once the outbreak subsides, President and […]