Incoming CEO to Lead LCS in New Directions

There’s a changing of the guard happening at the nation’s third-largest senior living provider, with its long-time CEO about to step down. However, a familiar face is taking the wheel and setting a course for the future. As of Jan. 1, 2018, Joel Nelson is set to become the CEO of Des Moines, Iowa-based LCS, […]

Capital Senior Living Enters Recovery Mode, Standardizes Operations

Capital Senior Living (NYSE: CSU) is in recovery mode. The Dallas-based senior housing provider has introduced a number of “recovery initiatives” to improve performance both operationally and financially, Capital Senior Living CEO Larry Cohen said during Wednesday’s third-quarter 2017 earnings call with analysts. If all goes according to plan, the end result of the company’s efforts […]

Ventas Taps New Operator Led by Hsiao for 70-Property Elmcroft Deal

Ventas Inc. (NYSE: VTR) is working out a deal to transition its portfolio of about 70 Elmcroft Senior Living properties into the hands of a new management company started by Kai Hsiao, former CEO of independent living giant Holiday Retirement. Ventas, one of the “big three” real estate investment trusts (REITs) in the senior housing […]

Senior Housing Real Estate is Best Bet for Development in 2018

Out of all residential property types, senior housing has the best prospects for both investment and development in 2018, according to a cross section of real estate professionals surveyed earlier this year. “Addressing the residential needs of the population moving through their 60s, 70s, and 80s is creating a spectrum of opportunity for the real […]

CCRCs Flying High on Economic Tailwinds

Good times are here for many continuing care retirement communities (CCRCs). The boom times for CCRCs—or “life plan communities,” depending on who you ask—was predicted earlier this year by Marcus & Millichap. The national real estate brokerage firm anticipated that CCRCs would be the only senior housing asset class to see an overall increase in occupancy in 2017. CCRCs […]

4 Ways Senior Living Leaders See the Industry Evolving

The senior living industry is evolving. Some changes are in response to consumer preferences, while others are driven by market conditions such as a wave of new supply. A few leaders in senior living recently weighed in on some of the top trends and forces they see shaping the industry. From the growth in ancillary services […]

Younger Seniors Line Up for Large Homes at CCRC

One non-profit continuing care retirement community (CCRC) operator has quickly sold all of its newly constructed luxury duplexes, attracting a highly sought after population of younger seniors in the process. The provider, Indianapolis-based BHI Senior Living, believes this shows that seniors do not necessarily want to downsize as they age, and the senior living industry could benefit […]

First of its Kind Senior Living Innovation Center Opens

The 21st Century Senior Living Community is a series brought to you by CDW, a provider of technology solutions and services focused exclusively on serving the healthcare marketplace. The series takes a clear-eyed look at how leading providers and their partners are creating the next generation of senior living communities by raising the bar on […]

MIT: Assisted Living Innovation and Design to Flourish as U.S. Ages

Age-related demographic shifts could one day drive a radical transformation of how assisted living communities are designed and operated, according to a recent report from the Massachusetts Institute of Technology (MIT) Center for Real Estate. The latest census data shows the number of Americans age 65 or older is projected to be 83.7 million by 2050, according to the […]

Senior Lifestyle CEO: C-Suite Restructure Already Paying Off

One of the nation’s largest senior living providers, Senior Lifestyle, has reconfigured its leadership structure with the goal of being more nimble even as it gains scale. Its growth is expected to come in both senior housing and ancillary services such as home health. The Chicago-based company currently is the seventh-largest senior living operator in […]