Though still not healthy, assisted living occupancy has improved slightly from historic lows. The occupancy rate for assisted living properties averaged 86.6% during the third quarter of 2017, which is 0.2 percentage points higher than the 86.5% average assisted living occupancy recorded in the second quarter of 2017. At the time, the 86.5% figure represented a […]
Bigger is not always better in senior living. The struggles of industry giant Brookdale (NYSE: BKD) are evidence of this, but a different provider—St. Louis-based Provision Living—offers another case study in the merits of being a leaner, more focused enterprise. Founded in 2005, Provision had grown to about 40 properties in 11 states by 2015, in […]
The title of “tallest building” in Fort Lauderdale, Florida, will soon belong to a new luxury senior living high-rise, if all goes according to plan. Developed by Fort Lauderdale-based Ocean Land Investments, the Riverwalk Residences of Las Olas is slated be a 42-story tall senior living community featuring 401 units consisting of 192 independent living, 152 […]
Sunrise Senior Living has been testing predictive analytics to make smarter hiring decisions, greatly improving retention among participating new workers. The McLean, Virginia-based operator now plans to roll out the system on a larger scale next year. Sunrise is the fourth-largest senior housing provider in the nation, with 27,125 units, according to a recent ranking […]
For years, senior living marketers have been turning their attention to mobile platforms like smartphones, but these two numbers show how much focus these channels require: 6,000 — the number of online searches related to senior living communities made every hour in the U.S. 82% — the percentage of smartphone users who consult their mobile […]
The strong desire of many older adults to age in their own homes continues to threaten the senior housing industry. To begin to attract more of these seniors, the industry will have to become more innovative, according to Dan Hutson, chief strategy officer at HumanGood, a Pleasanton, California-based operator of affordable housing and senior living communities. “Technology is […]
The struggles of industry giant Brookdale Senior Living (NYSE: BKD) have raised questions about how big is too big. While they recognize that there are lessons to be learned from Brookdale’s post-merger troubles, some industry leaders still believe that large-scale operations are feasible, if companies can figure out smarter ways to grow. After its 2014 merger with […]
When it comes to securing new capital, company culture and staff training may be more important than many senior housing providers realize. It’s always been critical to invest in high-quality senior living staff, industry leaders agreed during a Wednesday session at the National Investment Center for Seniors Housing & Care (NIC) 2017 Fall Conference in […]
Many residents of North America’s largest cities want to see more senior living communities in their neighborhoods—though the exact amenities or services they’d like the communities to have vary. That’s according to the 2017 Aging in Cities Survey from Welltower Inc. (NYSE: HCN), a health care real estate investment trust (REIT) based in Toledo, Ohio. The survey, which […]
Senior living providers might have the secret sauce to save the Medicare program more than $15 billion each year. That’s the message from Bloomfield, New Jersey-based Juniper Communities, which provides assisted living and memory care services at 22 communities in Pennsylvania, New Jersey, Colorado and Florida. Likely thanks to the company’s Connect4Life integrated care model, […]
