New York City is experiencing an influx of new senior living options, with high-profile luxury communities coming online in Brooklyn and Manhattan. Further north in the Bronx, the city will also add another option: its first life plan community. Covid-19 is not deterring RiverSpring Health’s plans to build the first life plan community in the […]
The coronavirus pandemic is having an unfavorable impact on senior housing development, with developers and operators across the country postponing projects until the pandemic is under control. And they are using this time to revise plans in the hopes of creating more appealing and resilient communities. That’s one finding from a survey by Senior Housing […]
Sustainable Housing for Ageless Generations (SHAG) has earned a reputation in the Pacific Northwest for its quirky brand and successful model of senior housing at an accessible price point. The Tukwila, Washington-based affordable senior housing nonprofit has refined its model over the past three decades through a mix of innovative partnerships, leaner staffing models, and […]
Vitality Living has partnered with noted hotel developer Fusion Hospitality to launch a new senior living brand, Landmark Lifestyles. Plans for the new brand exemplify several growing trends in senior living, including a focus on smaller cities with rising profiles, and hotel conversion projects. A Landmark Lifestyles project taking shape in Tupelo, Mississippi will be […]
Covid-19 has been an unexpected boon to the residential housing market. The resiliency of the market, which has seen home sales numbers and prices eclipse 2019 levels, is a positive trend for the senior living industry, given that people often sell their homes to pay for transitions into communities. Existing home sales increased for the […]
Prominent investors and operators recently said that hotel conversions could be a way to expand senior housing in urban markets with high barriers to entry, such as New York City. One such project is now coming to pass, as part of a larger push that a New York City-based developer and investor is making into […]
Throughout the Covid-19 pandemic, Atria Senior Living CEO John Moore has said that the company will be stronger in the future thanks to lessons learned and innovations developed during this challenging period. Now, the company is unveiling Atria Newport Beach — touting the community as its “most pandemic-ready” to date and a glimpse of what […]
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 […]