Ventas, Inc. (NYSE: VTR) is currently experiencing the negative repercussions of a supply and demand “mismatch,” Chairman and CEO Debra Cafaro explained during the company’s fourth-quarter and full-year 2017 earnings call on Friday. Specifically, the Chicago-based real estate investment trust (REIT) felt occupancy pressure in 2017, and the pressure is expected to continue well into […]
Category: Featured
To glimpse the future of dining in senior living communities, one might only need to step inside a Chipotle. More and more senior living providers are opening “fast casual” eateries with customized food orders, stylish menus, kitchens that are visible from the dining area and modern decor. The idea of incorporating fast casual dining a […]
Despite its location in a city of 1.5 million, the 35-story Sun City Kobe Tower manages to successfully evoke nature. “Even though you’re in a very urban setting, once you walk in the front door, you’re exposed with this incredibly lush garden space,” the project’s architect Richard Beard, principal of Richard Beard Architects, tells Senior […]
January 13, 2018, was a day most Hawaiians are not likely to forget. Just after 8 a.m. that Saturday morning, scores of residents in the state awoke to a jarring emergency alert on their phones: “BALLISTIC MISSILE THREAT INBOUND TO HAWAII. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL.” We know now the alert was a false […]
It’s not too uncommon to repurpose older buildings into senior living communities, but it’s pretty uncommon for senior living developers to be considering the same potential sites as Amazon.com, Inc. (Nasdaq: AMZN). Still, that may be what’s currently happening in Chicago. Chicago is one of the 20 U.S. cities currently vying to become the home of […]
When Willow Valley Communities, a non-profit continuing care retirement community (CCRC) in Lancaster, Pennsylvania, finished work on a sizable independent living project last summer, it added an array of upscale amenities for its roughly 2,300 residents. But one of the most celebrated amenities was also one that stood far above the rest—literally. As part of the new development—which includes […]
Though some senior living providers must focus solely on higher wages or robust benefits to attract and retain top industry talent, that’s not the case at Presby’s Inspired Life. The Lafayette Hill, Pennsylvania-based nonprofit, which has four senior living communities and more than 30 affordable housing properties in and around the greater Philadelphia area, recently reported that […]
In senior living, it’s inevitable that some architecture and design features go from hot to not. Resident preferences change, care practices evolve, technology advances, and the way senior housing buildings look and feel has to keep up. So, heading into 2018, providers might want to reconsider if they think that having a bistro will set […]
Seeking to increase length of stay and improve resident health and wellness, some senior living providers are testing a model of care that combines rehab with a personalized post-therapy fitness program. These providers are working with a company created in 2015, that is a joint venture between Genesis Rehab Services and Power Wellness. Genesis Rehab […]
In 1919, the A.S. Kreider Shoe Company moved into a newly built, 64,000-square-foot factory. Throughout the years, the large brick building in Lebanon, Pennsylvania, has served as the home of Lebanon Dress Company, Hermann Handkerchief, and, now, Kreider Commons, the 2017 Senior Housing News Architecture & Design Award winner in the “Best Affordable Housing” category. Recently, […]