As senior living providers look to the future, I believe they can draw inspiration and lessons from Margaritaville, the company behind Jimmy Buffett-inspired hotels, restaurants and other travel and lifestyle offerings. Most obviously, Latitude Margaritaville projects are redefining active adult living. But last week, the company announced an expansion of Camp Margaritaville RV resorts, and […]
Category: Independent Living
Priya Living Founder and CEO Arun Paul is aiming for what he calls the “holy grail” of senior living — a premium product at an attainable price point. But achieving that depends in large part on how Priya defines “luxury.” “If you think about it as we do, true luxury is experience,” Paul said during […]
One word describes Argentum’s 2021 list of the 150 largest providers in senior living: Disruption. Acquisitions and divestitures across the industry resulted in several changes on the list: nearly 30 providers moved up or down 10 or more spots, or are new entrants. Among the top 10 providers on the list, Atria Senior Living rose […]
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 […]
For Eclipse Senior Living CEO Kai Hsiao, the Covid-19 pandemic has proven that scale matters. He’s been getting more calls from mom-and-pop operators under stress, thinking about how to make an exit from the industry. And he notes that providers historically have not needed to have cash reserves to handle all the costs that the […]
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 […]
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 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 […]
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 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, […]
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