Florida-based senior living operators have prepared for the arrival of Hurricane Milton by shoring up emergency plans and evacuating residents. As of Wednesday afternoon, the hurricane was barreling toward Florida, with an expected landfall late in the evening. According to the National Weather Service, the storm will bring a “potentially catastrophic” storm surge and flooding, […]
This story is part of your SHN+ subscription Senior living operators are taking a more careful approach to resident rate increases in 2025 as higher revenue and lower costs push average margins higher. In 2024, many operators increased resident rental rates for private-pay senior living units at a steeper pace, with some implementing double-digit increases. […]
Editor’s note: You can hear more from senior living executives, including Experience Senior Living President Phill Barklow, on the topic of ongoing development at the upcoming (RE)BUILD conference. Experience Senior Living is advancing new development projects in an effort to capitalize on new senior living demand in the years ahead. The Denver, Colorado-based senior living operator […]
Many senior living companies are subsisting on renovation and repositioning as new development remains slow. As they undertake new projects, they are putting a lot of thought into what will get the most bang for their buck. With projects usually totaling millions of dollars, operators must get return on their investment in some fashion, be […]
This article is part of your SHN+ subscription If all goes according to plan, senior living operator Galerie Living will “explode” with new growth and business lines in the coming year and beyond, according to CEO Tim Gary. The company’s first and only currently open Corso community, Corso Atlanta, is almost fully occupied with operating […]
This article is part of your SHN+ subscription The senior living industry must do more to reach more middle-market older adults in the years ahead, or it may face a steep challenge. To Gardant Management Solutions Co-President Greg Echols, the industry faces a looming “capacity of care crisis” that will force more companies to rethink […]
Brookdale Senior Living (NYSE: BKD) is acquiring 41 communities currently managed under triple-net leases for $610 million, the company announced Monday. The acquisition totals 2,789 units in three different portfolios of communities. Among the companies involved in the transaction are real estate investment trusts (REITs) Welltower (NYSE: WELL) and Diversified Healthcare Trust (NYSE: DHC) . […]
Last week, the U.S. Federal Reserve cut interest rates by 50 basis points, lending new cautious optimism for companies looking to grow in 2025. While the bigger impacts of those cuts likely won’t be felt until early next year – and likely not until larger rate cuts down the road – they do offer “psychological […]
Senior housing operators are starting to see staffing stabilize and are pursuing a variety of strategies to win and retain quality hires. In particular, operators are still tweaking their methodologies in order to fill their hardest to hire roles such as registered nurses, licensed practical nurses and dining room staff. At LCS, said there have […]
The active adult boom is underway – and what occurs in the coming months and years will help shape the product type’s next chapter. A third of all current active adult inventory has opened in the last four years, with the largest markets including Dallas, Texas, Los Angeles, and New York City. Succeeding in active […]
