Kisco Senior Living has launched two new training programs aimed at delivering hotel-style service to residents and retaining its longtime workers — and one of the initiatives has the backing of the Forbes Travel Guide. The Carlsbad, California-based senior living provider recently announced dual “Forbes’ Luxury Hospitality Training” and “Career Lattice” programs for its workforce. […]
In his two decades in the senior living industry, Juniper Communities CFO Chuck Hastings has seen many changes, but one stands out: consumers’ evolving expectations and needs. And failing to keep up with customers can have dire consequences. “That is where a company can make some real financial missteps … when they don’t listen to […]
Well before 2019 was on the horizon, experts were speculating on the health of the senior housing industry. As 2018 came to a close, investor confidence in the market continued to drive interest, and flooded the capital markets with money. Deals like Apollo Global Management’s $428 million deal for HCP’s Brookdale Senior Living portfolio and […]
Senior living providers spend a lot of time and resources thinking about their residents’ first and last days, and for good reason. But those companies are remiss if they don’t also focus on their employees’ first and last days. That’s because those two days — the day when a new hire comes aboard, and the […]
The senior housing industry is gradually embracing technology in its wellness initiatives but is still just scratching the surface. That’s according to an active aging industry trends survey recently released by the International Council on Active Aging’s (ICAA). The survey found that senior living providers are shifting away from a care-focused operational model to one […]
Changes are afoot at American House Senior Living Communities. The Bloomfield Hills, Michigan-based senior living owner and operator has sold a portfolio of properties to ReNew REIT and is forging ahead with an expansion plan that includes development and acquisitions with a variety of partners — including at least one project with a new investor […]
An initiative to roll out voice-enabled smart technology in all of Thrive Senior Living’s communities is taking some inspiration from one of the biggest recent phenomenons in video gaming: Fortnite. Specifically, much as Fortnite’s developers continually adapt the game based on player input, Thrive’s technology is enabling the senior living provider to better customize its […]
Capital Senior Living (NYSE: CSU) has appointed a successor to retired CEO Larry Cohen. Lody’s first priorities with the company will include improving its operating performance, growing occupancy, stabilizing rates and strengthening its financial position. The Dallas-based senior living operator’s board of directors named Kimberly S. Lody as president and CEO, effective immediately. Lody has […]
GenCare Lifestyle is not a large senior living provider, but the Seattle-based company is making a mark. Helmed by industry veteran Leon Grundstein, GenCare has been on the leading edge of wellness-focused operations, with particular innovation in the area of dining, and has started working with a new capital partner to support the company’s continued […]
The traditional definition of senior housing is under attack. Looking back at the last 10 to 15 years, the asset class as defined by investors had distinct lines between independent living, assisted living, memory care and nursing homes. All of these communities were surrounded by 55-plus master planned communities, traditional multifamily and single family options, […]
