Salmon Health and Retirement has in recent years pivoted to hospitality to reach a new generation of older adults – but the company’s CEO, Matt Salmon, is not discounting the appeal of having a continuum of care, either. Today the company has a full continuum of senior care that spans independent living, assisted living and […]
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A master-planned residential concept with 55+ housing linked to The Walt Disney Company (NYSE: DIS) is expanding to Raleigh, Durham and Chapel Hill, North Carolina. Known as Asteria, the new, 4,000-unit residential community is slated to see construction “by 2027,” on a site with 1,500 acres of land in Chatham County in Pittsboro, North Carolina, […]
It’s been a big year for senior living company Cogir. The Montreal-based senior living operator and real estate company earlier this year made waves when it was announced as the operating partner for Welltower’s (NYSE: WELL) new operating platform spinning up in parts of Canada, which until recently was known as “Project Transformer” behind closed […]
While staffing issues have moderated slightly from the doldrums of three years ago, senior living operators are still working to solve turnover rates among their ranks using initiatives to improve retention. In a new environment in which wage rates are seemingly permanently elevated compared to just a few years ago – with workers worthy of […]
Goodwin Living’s future lies in expanding health service offerings as the senior living provider keeps its focus on staffing and other operational efforts. The Alexandria, Virginia-based organization is a faith-based nonprofit that operates three communities in the northern Virginia area serving approximately 1,100 residents with a full continuum of care. Goodwin Living also manages a […]
Senior Lifestyle CEO Jon DeLuca thinks that 2024 will not be the senior living industry’s year for new development. That said, he is not pessimistic about the road ahead. Although Chicago-based Senior Lifestyle has grown to around 125 communities over the years in the affordable and market-rate senior housing sectors — much of that through […]
Anthem Memory Care has a clear path forward for future expansion by acquisition as the operator that doubled in size this year continues to grow, according to CEO Isaac Scott. Anthem reached the 20-community mark earlier this year, having not expanded any new communities between 2017 and 2022, and that was by design, Scott recently […]
Sinceri Senior Living has its sights set on “double-digit occupancy growth” next year in a bid to widen margins further into 2024 — and CEO Chris Belford is feeling optimistic. Vancouver, Washington-based Sinceri has already surpassed pre-Covid levels in occupancy and all operating metrics are trending positive, Belford told SHN during a recent interview at […]
With development and new construction still largely on hold throughout the senior living industry, Vi is for now focusing on growth in operations. Chicago-based Vi has had a largely positive year, with occupancy at its 10 continuing care retirement communities communities (CCRCs) still hovering at the 90% point and, as of September, move-in fees about […]
This content is available as part of your SHN+ subscription This economic cycle is going to feel like a “slow-moving train wreck.” Shankh Mitra, CEO of Welltower (NYSE: WELL), said that last week at the National Investment Center for Seniors Housing & Care (NIC) Fall Conference in Chicago. And his comments were reinforced the next […]