Atria, Welltower Deals Could Create ‘Holiday 3.0,’ Shake Up Industry

When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]

Senior Housing Occupancy Hit New Record-Low of 78.8%

In the first three months of the year, U.S. senior occupancy fell to a new record-low level, of 78.8%. That occupancy rate was 1.8 percentage points lower than in Q4 2020 and 8.7 percentage points lower than a year prior, according to NIC MAP Vision data released Thursday. Assisted living occupancy was even lower, hitting […]

Real Estate Firm Beztak Plans Robust Senior Living Pipeline, Hires Former Tapestry CEO Kohler

Though senior living represents a small portion of Beztak Properties’ overall property holdings, which includes 35,000 market-rate apartment homes, it is a growing focus for the vertically integrated real estate firm. The Farmington Hills, Michigan-based company has eight senior living communities in operation throughout Michigan, Florida and Arizona. That includes All Seasons Ann Arbor, an […]

Atria to Manage 21 Communities for New Senior, Debuts Atria Retirement Brand in US

Atria Senior Living is taking over management of 21 independent living communities owned by real estate investment trust (REIT) New Senior Investment Group (NYSE: SNR). The portfolio marks the U.S. debut of the Atria Retirement brand, which up to this point has operated in Canada as Atria Retirement Canada. The portfolio previously was managed by […]

Why Innovations in Co-Housing Create Threats, Opportunities for Senior Living Providers

Co-living is not a new concept as an option for older adults — the classic series The Golden Girls brought a co-living arrangement to life on people’s television sets in the 1980s and 1990s. But innovations in co-living are dovetailing with the Covid-19 pandemic, which has aging baby boomers looking for alternatives to traditional, communal […]

With New Leaders, Wolff’s Revel Brand Elevates Boutique Hospitality Approach to Senior Living

With new leadership in place, the Revel Communities brand is still focused on elevating independent living with a boutique hospitality approach centered on highly personalized resident experiences. And while Covid-19 created unexpected and serious challenges, the pandemic also helped solidify the culture at Revel and accelerate changes that otherwise would have taken longer to execute, […]

Independent Living Proves Resilient to Covid-19 Pressures

When the novel coronavirus first swept the United States in late March and April, the pandemic raised fears about vulnerabilities for independent living, but this part of the senior housing continuum has so far proven resilient. In the early days of Covid-19, the better health, mobility and independent nature of residents made social distancing and […]

Focus on Care Continuum Helps Regional Providers Danbury, Horst Expand During Covid-19

The Covid-19 pandemic put some senior living expansion projects on ice earlier this year, but some companies continue to expand and even see greater opportunities for growth. Among these are two regional providers that have found success providing a continuum of care for seniors. Danbury Senior Living recently began accepting reservations for new independent living […]