Independent Living Faces Covid-19 Vulnerabilities As Less Needs-Based Product

Compared to assisted living and memory care, independent living and active adult communities can be harder to secure during the coronavirus pandemic. The better health, mobility and independent nature of their census can make social distancing a bigger ask, and the leaner staffing necessary to operate these communities means residents have less support in the […]

Columbia Pacific Scales Middle-Market Hawthorn Platform, Pursues More Urban Senior Living

Fresh off opening a senior living highrise it developed in its home base of Seattle, Columbia Pacific Advisors is pursuing further urban projects while also scaling up its portfolio of middle-market Hawthorn communities. Since joining Columbia Pacific in 2012, Managing Director Todd Seneker has led the development, acquisition and repositioning efforts of over 25,000 senior […]

Federal Lawsuit Claims CVS Health/Omnicare Improperly Refilled Meds Across 3,000-Plus Senior Living Communities

Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]

Average Independent Living Rent Discounts Reach New High

Senior housing properties that are majority independent living were offering initial discounts equivalent to 1.1 months of rent on an annualized basis as of September 2019, on average.  This is the highest average discount on initial rates for independent living since April 2015, when the National Investment Center for Seniors Housing & Care (NIC) first […]

Largest Senior Living Providers List Grows, No Surprises at the Top

There are no notable surprises at the top of Argentum’s 2019 list of the largest providers in senior living, although there are some new additions to the expanded list. The industry association’s overall list now includes 140 providers and 624,795 units, compared to last year’s total of 125 providers and 586,662 units. For the first […]

New Intergenerational Experiment Could Ease Senior Living Pressures

In July, an independent living facility in Chattanooga, Tennessee welcomed an unconventional new resident: an 18-year-old named John Payne. This experiment in multigenerational housing is being led by The Victory Lap, a nonprofit organization that matches youth who have aged out of the foster care system with vacant apartments in senior housing communities, Victory Lap […]

Welltower Gains Middle-Market Senior Housing Platform with Clover Management

In striking a joint venture with Clover Management, real estate investment trust Welltower (NYSE: WELL) has brought a quickly expanding middle-market independent living company into the fold. In a $343 million transaction announced in late July, Toledo, Ohio-based Welltower acquired a portfolio of 32 Clover communities, including four under development. “Welltower is delighted to add […]