Technically speaking, independent living remains the consumer entry point into senior housing — the first step in the traditional care continuum. But as senior living operators know too well, consumers at that entry point are older than in the past, with many now well past 75. That’s why so many senior housing operators are looking […]
The steady stream of new senior housing inventory coming online through the mid-2020s has put pressure on operators to maintain occupancy. It is also focusing owners and operators to face the fact that historical trends in CapEx spending need to change. Operators have been getting away with penciling in smaller allocations from their annual budgets […]
Merrill Gardens is nearly doubling its size through the acquisition of Blue Harbor Senior Living, and is welcoming back a familiar face to lead the combined entity. Merrill Gardens has acquired Blue Harbor — a senior living management company — from private equity firm Fortress Investment Group for an undisclosed price, the Seattle-based senior living […]
As senior housing developers search for new opportunities across the U.S., they’d be wise to consider a wide range of options — including unconventional sites such as former farms or shuttered university campuses. Though these real estate opportunities may take hard work to find and secure, they are becoming available due to trends higher education […]
Welltower (NYSE: WELL) posted solid senior housing gains in the third quarter of 2019, thanks in part to the last few years spent unwinding certain “one-sided” relationships while forging new ones under more well-aligned RIDEA structures. That’s according to CEO and Chairman Thomas DeRosa, who on a Tuesday earnings call with investors and analysts laid […]
A Place for Mom’s new CEO, Larry Kutscher, is working to reinvent the company within two years, including by redefining its relationship with senior living providers. “I had a town hall the first day on the job and said, I don’t see why we call [senior living] communities partners. They’re customers,” Kutscher told Senior Housing […]
Occupancy is one of the most important contributors to net operating income (NOI), but in the face of ongoing struggles nationally with oversupply, operators can continue to boost their NOI through other means. Because this is the case, those who focus too much on occupancy as a metric for the health of senior living communities […]
Dull building designs have become too commonplace in senior living, according to Dwayne Clark, CEO of Bellevue, Washington-based Aegis Living. “Assisted living, retirement homes, independent living, I think we’ve been quite boring with our design,” Clark said during a recent appearance on the Senior Housing News podcast, Transform. “People want a little entertainment in their […]
In the decade since its founding, LCB Senior Living has established itself as a regional powerhouse in the Northeast. CEO Michael Stoller is proud of LCB’s rapid growth and solid occupancy, and is positioning the Norwood, Massachusetts-based company for its next chapter in the midst of a tough operating environment. In particular, LCB is focused […]
Having taken the role in Oct. 2016, Steve Kastner has now been CEO of Trinity Health Senior Communities for three years — and it’s been an eventful time. With a portfolio rebalancing effort largely complete, the Livonia, Michigan-based nonprofit is pursuing growth in lower acuity settings, including an active adult model that could compete against […]
