Older Senior Housing Properties Show Strong Occupancy But Investments Needed

Conventional wisdom states that consumers are attracted to shiny new senior housing product that has flooded certain markets in recent years, putting older properties at a disadvantage and eroding their occupancy. This is not necessarily the case, as statistics show that top-performing senior housing properties tend to be between 10 and 17 years old. However, […]

Risk Aversion Holding Back Nonprofit Senior Living, Despite Affiliation Trends

Nonprofit senior living providers have shown an increased appetite for growth through affiliation and expanding existing campuses in recent years. Yet an aversion to risk born out of the post-2008 economic downturn has the sector trailing its for-profit peers. These trends are on display in the 16th annual LZ 200 list of top nonprofit providers […]

Maplewood CEO: We’re Pushing the Envelope with Health Systems, Co-Developments Possible

Maplewood Senior Living’s in-progress community on the campus of Penn Medicine Princeton Campus in Plainsboro, New Jersey stands out as another entry in the growing trend of tying senior housing to health care systems. This is something that Maplewood has embraced throughout its history and long before health care providers embraced the concept, founder and […]

McCaffery CEO: Right Design, Operator Behind $500M Senior Housing Pipeline

McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]

Confused by ‘Active Adult’ Talk, Discovery CEO Presents Experiential Living Model

The ongoing discussion within the senior living industry on how to define active adult communities has, at times, made Discovery Senior Living CEO Richard Hutchinson’s head spin. “When I hear about senior apartments and active adult — having had experience [building] both of them — what we’re talking about is neither and it confuses the […]

Co-Located Senior Housing, Libraries Open with Nearly Full Occupancy

In the Independence Park neighborhood on Chicago’s Northwest Side, an ambitious mixed-use development including senior apartments officially opened on Sept. 23. The library/apartments concept is an example of the growing trend of incorporating senior housing as a component of mixed-use real estate development. Large-scale changes in the economy are leading to new models of mixed-use […]

Carefield CEO: Senior Living Should Not Be A Commodity Industry

Senior housing remains one of the most attractive development and investment opportunities in real estate, despite operational headwinds which have some proceeding with caution. But that interest has observers concerned about new entrants entering the space without doing due diligence into the operational intensiveness of senior housing. One California owner and operator, Carefield Living, was […]

Village Park Rejects ‘Broken Model’ of Senior Living, Builds Multi-Brand Portfolio

Village Park Senior Living (VPSL) is recording strong rate increases across its multi-brand portfolio, in a market where communities are offering concessions and lowering rates to compete with new supply. CEO Tim Gary largely credits the company’s approach to design and architecture. “The industry is building product that is a broken model. It has to […]

Mansions Senior Living CEO: Extended Stay Apartments Taught Us About Senior Living

Mansions Senior Living parlayed a unique multifamily operating model into a successful entrance to senior living. Now the Edmond, Oklahoma-based owner and provider is focusing on increasing its presence in one of the hottest construction markets in the United States, while modernizing the buildings that allowed Mansions to establish its footprint, founder and CEO Kim […]