Eight months after announcing it was “back to playing offense,” HCP (NYSE: HCP) made good on that promise during its Q1 2019, highlighted by a flurry of acquisition activity. “With our transition plan behind us, our cost of capital has improved and we are growing the company again,” HCP Chief Investment Officer Scott Brinker said […]
Arrow Senior Living is scaling up in the Midwest, differentiating itself with a sales approach to drive earlier move-ins and longer lengths of stay. “Although adult children are the initial inquiry into senior housing, they’re not the consumer,” Arrow founder and CEO Stephanie Harris told Senior Housing News. “I think our industry has gotten lost […]
As Leisure Care pushes forward with an East Coast expansion and prepares to open a 24-story senior living community in downtown Seattle, the company is also focusing on workforce development through a paid internship program called Discover. As of 2018, Leisure Care was the 16th-largest senior living provider in the nation, with a portfolio of […]
Regional senior housing player Holbrook is betting that wellness-focused active adult communities, not traditional senior living, will be the key to meeting future demand. The Atlanta-based owner and operator has outlined a $1 billion development path and is already one third of the way through it. To help fund that new development, Holbrook has sold […]
Like many adult children, Kent Lewis had a frustrating time researching senior care options when his father suffered a minor stroke a couple years ago. What stood out most for Lewis, president and founder of Anvil Media in Portland, Oregon, were the multiple times he was asked to provide the same basic information when touring […]
Now is the time to think big about how senior living can serve a rapidly expanding middle-income market. “It’s a time to throw spaghetti against the wall,” Beth Burnham Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC), told Senior Housing News. Mace is a co-author of a newly released […]
When leaders with non-profit Vincentian Collaborative System began conceiving a new 91-unit independent living community, they did the math on smart tech and realized that sooner is better. The community Terrace Place, which opened April 1 in the Pittsburgh suburb of North Hills, is a $19-million project, with a smart technology offering that cost between […]
Silverado CFO Christian Sweetser has a passion for data. And in building the company’s financial planning and analytics department, he’s focused on getting other people throughout the organization excited about the numbers, to drive the company’s mission and bottom line. “You have to make it real for people and connect it to what they do […]
Seven years after its founding, Civitas Senior Living has gained significant scale and is in a major development push. The Fort Worth, Texas-based company has a portfolio of 35 operational communities and plans to add another 20 within two years. For some of these developments, Civitas is working with capital partners that are entering senior […]
Kisco Senior Living is bringing voice-enabled smart home technology to its communities, in a bid to gain operational and financial efficiencies while enhancing resident and family satisfaction. Carlsbad, California-based Kisco joins a few other senior living providers that are implementing smart home technology and introducing Amazon Echo devices into units — and the trend is […]
