Competitive Market Keeps Senior Living Rate Growth in Check

A Place for Mom (APFM), the largest senior housing referral service in the country, released the results of its 2018 National Senior Living Cost Index Tuesday morning and found cost growth changed as follows: Independent living rates increased 2.6% from 2017 to 2018, bringing median monthly costs to $2,552Assisted living costs for seniors declined slightly […]

Pickleball Mania Makes It a Must-Have Amenity in Senior Living

As the sport’s popularity surges, adding pickleball facilities  could be a competitive advantage for senior living providers courting tenants. Pickleball combines elements of tennis, ping pong and badminton, and is one of the fastest growing sports in the U.S. Nearly 3.1 million Americans play pickleball, according to the USA Pickleball Association’s 2019 pickleball fact sheet. […]

Acts Communities Become Living Labs to Drive Better Brain Health

Acts Retirement-Life Communities is conducting a two-year study in its communities, tracking the changes in residents’ brain health habits as a result of participating in Total Brain Health classes offered across the portfolio. The results of the study may serve as a blueprint for maintaining brain health as seniors age. The study, conducted by Acts […]

New Developer, Operator Prime Targets Middle-Market Independent Living

As the affordable housing crisis continues to impact senior living, an upstart developer is looking to fill in the gaps in service for middle-class seniors making the transition to the space. Prime Senior Living Group is developing a construction pipeline of independent living communities across the mid-South, targeting the middle market. The Charlotte, North Carolina-based […]

Best Repositioning of 2018: From Endangered High School to Celebrated Senior Housing

Yesterday’s buildings can be tomorrow’s senior housing, in the right hands. As land, labor and materials costs continue to rise, senior housing developers and operators across the country are looking for opportunities to repurpose vacant, obsolete buildings into senior living communities. This allows for speed to market while meeting future demand from seniors transitioning into […]

CVS Health Records $2.2B Impairment on Omnicare, Still Bullish on Senior Living

Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]

Multifamily Developer Lloyd Jones Launches Aviva 55 Senior Living Brand

Lloyd Jones is a real estate investment, development and management platform that has operated in the multifamily space since the 1980s, doing more than $750 million in projects in total. Now, the Miami-based firm is pursuing a senior living pipeline, developing “independent living-light” properties under the Aviva 55 brand. “In general, what we feel is […]