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 […]
Now is the time to think big about how senior living can serve a rapidly expanding middle-income market. “It’s a time to throw spaghetti against the wall,” Beth Burnham Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC), told Senior Housing News. Mace is a co-author of a newly released […]
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 $2,552 Assisted living costs for seniors declined […]
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 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 […]
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 […]
Senior living at sea appears to be moving closer to reality. A company called Storylines is targeting the summer of 2020 to launch a cruise ship retrofitted with 630 living units available for purchase. And it’s possible that some of these nautical condos will be owned by senior living providers. “We see ourselves as potentially […]
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 […]
There’s no accounting for why certain internet content goes viral. Who’s to say why Chewbacca Mom racked up more than 145 million Facebook views? But last week, a Facebook post about the possibility of retirement living at a Holiday Inn went viral — and senior housing providers should consider why it struck a nerve with […]
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 […]
