Some independent living communities’ biggest competitors could soon become a condo building down the street. That was among the insights shared during a Sept. 13 webinar hosted by Senior Housing News and sponsored by Arbor Realty Trust, a direct lender with 13 branches across the U.S. In certain places, like Florida, senior living providers are competing […]
Category: Independent Living
Rents for independent living communities are steadily growing in some cities in the South and Northwest, while stagnating or even falling elsewhere, according to a new report from market intelligence firm Reis. Of the 112 U.S. metro areas Reis studied, Jackson, South Carolina, saw the most average rent growth, with a more than 10% increase between the first […]
Brookdale Senior Living (NYSE: BKD) is scaling up a pilot with ridesharing company Lyft, in an effort to create a resident transportation model that is more customer-friendly and operationally efficient. Typically, senior living providers offer transportation to residents on a pre-scheduled basis. This is not ideal, Andrew Smith, director of strategy and innovation at Brookdale, […]
Senior housing oversupply is putting pressure on providers in some major metros across the United States. North of the border, the story is a little different: Supply is not keeping up with demand in some of Canada’s largest markets. In the province of Ontario, the vacancy rate for senior housing and care spaces has declined to […]
The nation’s largest senior living provider is progressing toward having a more market-specific pricing method for its communities. After a pilot project, more than 170 Brookdale Senior Living (NYSE: BKD) communities now are utilizing the Senior Living Revenue Optimizer tool from Prorize, a company specializing in revenue management for rent-driven industries. The tool crunches data […]
Further details have emerged on how the relocation of its corporate headquarters could affect the workforce of Holiday Retirement, the nation’s largest independent living provider. On April 26, the company announced that it would be moving its headquarters from Lake Oswego, Oregon, to Winter Park, Florida. That move could involve 186 terminations across 53 job […]
Change is afoot at Holiday Retirement. The nation’s largest independent living provider is moving its corporate headquarters from Lake Oswego, Oregon, to Winter Park, Florida, this summer—eliminating or relocating approximately 200 jobs in the process. The decision to relocate was “difficult,” the company said in a statement sent to Senior Housing News. Among the roughly 200 […]
This coverage of the 2017 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which […]
Watson, the IBM cognitive computing system that gained fame for beating human Jeopardy! champions at the game, soon could enable more precise care and services in senior living. The technology currently is being piloted by Wilsonville, Oregon-based Avamere Family of Companies, in its independent living, assisted living, and skilled nursing settings, as well as through […]
It’s no secret that senior living providers sometimes give new residents a break on the rent for some period of time. As 2016 came to a close, new assisted living residents were paying a rate that was 10.7% lower than what communities initially were asking, on average, according to recently released data from the National […]