Sunrise Senior Living to Refund $2.7 Million in Fees to UK Residents

Sunrise Senior Living is set to dole out more than £2 million—roughly $2.7 million in today’s exchange rate—to many residents who reside at its United Kingdom care homes. The UK government’s Competition and Markets Authority (CMA) helped arrange the deal, which applies to all residents who paid the senior living provider’s mandatory “upfront” fees since […]

Brexit Aftershocks Reverberate Through Senior Housing

Markets around the world were reeling Friday on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts […]

Young, Rich Move Chinese Senior Housing Toward Tipping Point

Interest in China’s senior housing market is growing, with an increasing number of prospective residents planning for the future and investors looking to secure a piece of the pie in the world’s largest economy. And demand for senior housing might boom in just one generation, thanks to shifting perceptions among one particular group: China’s young […]

Senior Living Developer Swings Big with $1 Billion Canadian Pipeline

Canada’s senior housing sector continues to attract big money from both national and U.S. investors looking to capitalize on the market’s robust opportunities for acquisition and development. For some players, including one Montreal-based senior housing owner-operator-developer, the opportunity is to the tune of more than $1 billion. The reach is so big, that this provider […]

From C-Suite to Startup: Lisa Brush, Symphony Senior Living

Sometimes taking one step back means taking two steps forward. At least that was the case with Lisa Brush, whose more than 20-year career includes time at Sunrise Senior Living, its REIT counterpart, and Ventas. When Brush launched her career in senior housing at the ripe age of 22, it didn’t take long for her […]

The 221 Million Opportunities for Senior Living Developers in China

A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]

Greystone to Tap Huge Chinese Market With New Partnership

As the United States comes to grips with its own graying population over the next decade, real estate developers in China are looking to American senior living companies for expertise in providing both housing and health care-related services to serve their own aging boom. Last week, Irving, Texas-based Greystone Communities announced a development and management […]

Largest Canadian Senior Living Operator Changes Name, Updates Branding

After more than 40 years of providing senior living services to Canadian seniors, Ontario’s largest owner-operator says it’s time for a name change—to one that doesn’t conjure images of a theme park. On May 1, Ontario-based Leisureworld Senior Care Corporation (TSX: LW) officially started doing business as Sienna Senior Living, Inc., a week following the […]