Artis Senior Living has specialized in standalone memory care since its founding six years ago, but the company is about to branch out with a community set to open in 2019. Located in a bustling neighborhood about five miles north of downtown Chicago, Artis Senior Living of Lakeview (pictured above) will be the company’s first […]
Senior living organizations across the country have introduced a variety of new C-suite positions—from chief information officers to chief health officers—as they’ve repositioned their companies to serve frailer residents and please pickier adult children. Now, given the current labor challenges plaguing the industry, the next top executive to join senior living organizations in droves may be […]
When Summit Vista opens this fall, it will mark the arrival of Utah’s first entrance-deposit life plan community—and illustrate the growing trend of collaboration between senior living providers and health systems. All told, the roughly $400 million community is planned to occupy 100 acres in the city of Taylorsville, and is entitled for up to 1,600 […]
As publicly traded real estate investment trusts (REITs) have stood on the sidelines of more senior housing deals in recent years, private equity (PE) has jumped into the game. Major institutional PE players such as Kayne Anderson Real Estate Advisors (KAREA) and Bridge Investment Group have each raised funds in excess of a billion dollars […]
It’s a misconception that seniors are resistant to change. In fact, there’s a strong appetite for innovations in technology and service delivery among both senior housing providers and the older adults they serve, recent developments indicate. A fund targeting investment companies that are improving the aging experience—including through technology, home-based care and data analytics—has recently […]
A company that has made a name for itself owning and operating luxury and urban senior housing properties is entering a period of accelerated growth, which includes venturing outside the state of Colorado for the first time. Balfour Senior Living recently hired its first COO and is planning to open a 150-unit rental community in Ann Arbor, Michigan, […]
All senior housing communities hope they will never have to put their emergency evacuation plans into effect, but the unfortunate reality is that natural disasters happen. Recent events from fires to floods across the U.S. have sent some communities reeling in response, but those with well-planned emergency evacuations have avoided their own disasters in the […]
The top executives behind some of the largest publicly traded senior living owners and operators in the U.S. took home a pretty penny last year. In 2017, leaders at real estate investment trusts Ventas (NYSE: VTR), Welltower Inc. (NYSE: WELL), and HCP, Inc. (NYSE: HCP) earned the most in total compensation, a catch-all term that includes base […]
A major senior housing player is making good on its promise to grow its rental portfolio. Des Moines, Iowa-based LCS is one of the biggest senior housing operators in the country, as well as the largest third-party manager of continuing care retirement communities (CCRCs). In January, the company named a new CEO in Joel Nelson, […]
BrightStar Senior Living has reevaluated growth plans for its franchise-based model since its formation five years ago. Gurnee, Illinois-based BrightStar Care is one of the largest providers of home care in the nation, with more than 300 locations in 37 states. The first assisted living and memory care community from the company opened in Madison, Wisconsin, in […]
