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 […]

Kisco Senior Living Goes Big on Voice-Activated Smart Home Tech

The senior living smart home revolution is in full swing, and Kisco Senior Living is buying in with Amazon’s Alexa. Starting with a kickoff event last month, Kisco has been installing Amazon Echo Dot voice systems with Alexa in all 165 independent living (IL) units in its continuing care retirement community (CCRC) The Cardinal at […]

Best Independent Living Design of 2018: A Senior Living Spin on a Pocket Neighborhood

More senior living providers may want to embrace the ‘social architecture’ concept, and they can look to a Pennsylvania life plan community for inspiration. The idea, born out of a desire to foster social interactions among people who might not otherwise mingle, helped inform and inspire a 2017 project at Garden Spot Village, a life […]

Demand Grows, Challenges Increase for Senior Housing in Low-Density Markets

The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]

Epoch Senior Living, National Development Expand Upscale Waterstone Brand

Epoch Senior Living and its development partner, National Development, made a splash when they introduced the Waterstone brand in 2012. The first Waterstone building, located in the Massachusetts town of Wellesley, won the Senior Housing News Architecture and Design Award for Best Assisted Living, as well as the gold award for design from the National […]

NBA Player Gets Into the Senior Housing Development Game

A veteran NBA player with famous connections is recruiting other players to invest in senior housing real estate in the Midwest. Springfield, Missouri-based Say You Can is a real estate development company established by owner Kelly Byrne and current Detroit Pistons player Anthony Tolliver in early 2009 and, until recently, was primarily focused on multi-family and student […]