From the effects of the delta variant to a worsening labor crisis, the senior living industry faces myriad challenges — but there are also powerful tailwinds that are propelling a pandemic recovery and should lead to a bright future for the sector. The recent experience of Bild & Company Founder and President Traci Bild illustrates […]
2Life Communities President and CEO Amy Schectman still remembers the tearful phone calls. Desperate family members would phone Schectman crying, and relay an all-too-familiar problem: their loved ones earned slightly too much to qualify for true affordable senior housing, but not enough to afford living in market-rate communities. In the senior living industry, this group […]
In the last four years, the leaders of Northbridge Companies expanded their focus, including through a new joint venture to serve the middle market. And while the company has experienced challenges related to Covid-19, Northbridge also executed on nearly $300 million in transactions during the pandemic. Now, CEO Jim Coughlin and President Wendy Nowokunski are […]
Benchmark launched its middle-market Branches brand four years ago, and the company has made progress on making senior living more affordable. But there is something that stands in the way of bringing those costs down further: the cost of labor. “We can tinker around the edges with dining or with non-labor expenses, but at the […]
Covid-19 slowed senior housing construction, but new properties continue to rise and open in many markets across the United States. In fact, a steady stream of new community openings contributed to senior housing occupancy remaining at a record-low 78.7% in the second quarter of 2021, according to NIC MAP Vision. Now, more developers are moving […]
Phoenix Senior Living is in the midst of adding 23 communities owned by Diversified Healthcare Trust (Nasdaq: DHC) — an expansion that will make the Alpharetta, Georgia-based company one of the largest senior living providers in the Southeast. Taking on so many communities at once is possible because from its founding in 2014, the company […]
This article is an exclusive feature available as a part of your subscription to SHN + Prior to the Covid-19 pandemic, mobile home parks were on the rise as a senior living option. Offering similar amenities as active adult communities, manufactured housing was an increasingly popular choice for consumers and a red-hot target for real […]
For many senior living providers, sales cycles changed dramatically as the Covid-19 pandemic took hold last year. With the pandemic’s end still not in sight and the recent dominance of the delta variant, when the industry will settle into a new sales status quo is anyone’s guess. But there are some who see signs emerging […]
Twin brothers Bill and Bob Thomas achieved success as multifamily housing entrepreneurs in the 1970s — but their situation changed in the next decade. “We thought we were the smartest guys on the block … and then the 80s hit,” Bill Thomas told Senior Housing News, during an interview at the American Seniors Housing Association […]
Covid-19 is having a lasting impact on the present and future of senior housing design, and the costs associated with development. The pandemic is accelerating trends that were already in progress such as well-programmed outdoor spaces, more multipurpose rooms, and larger residential apartments. And it is forcing new tweaks to designs including well-appointed staff break […]
