The coronavirus pandemic is having an unfavorable impact on senior housing development, with developers and operators across the country postponing projects until the pandemic is under control. And they are using this time to revise plans in the hopes of creating more appealing and resilient communities. That’s one finding from a survey by Senior Housing […]
Leaders with Bridge Senior Living believe that the Covid-19 pandemic is widening the gap between the best operators and the rest of the pack — and in the future, capital providers and consumers will flock to those top performers while avoiding the rest. “We think that the distance between the top-tier operators and the non-top […]
With Covid-19 infection rates surging across the country, senior living providers are once again tightening restrictions and relying on pandemic response protocols established over the last eight months. Atria Senior Living has consistently emphasized the importance of Covid-19 testing as a cornerstone of its strategy, and that again is in evidence. Over the last two […]
The need for more relief grows daily, as the U.S. grapples with a new surge of positive coronavirus cases with little end in sight, and industry groups and leading providers stress that without it they may not be able to stay in business for much longer, let alone keep their vulnerable populations safe. “What we […]
The Covid-19 pandemic is pressuring the senior living industry in myriad ways, and providers that don’t adapt with the times risk going extinct. Life plan communities are more complex to operate in the Covid-19 era, and nonprofits generally don’t have access to the same scale and resources that their for-profit peers do. So, the pandemic […]
A group of senior living and real estate industry veterans are launching a new company centered on helping seniors live their “next act.” Boise, Idaho-based Wellness Enhanced Lifestyle Living (WELL) is the brainchild of Ryan Haller, former chief development officer at Avamere and founder of its Ovation venture; Dave Mazurek, founder of Sterling Bay’s senior […]
LCS is launching a new program this week that aims to create a cultural shift for the company and ultimately change the way it operates once Covid-19 subsides. Eversafe 360° is a comprehensive, science-based initiative establishing new safety standards across the Des Moines, Iowa-based company’s portfolio during seismic events — such as the pandemic — […]
The pressures of the Covid-19 pandemic are pushing investors to become more interested in need-based product types, such as assisted living and memory care communities. At the same time, there is increased spread in Class A versus Class B acquisitions, illustrating “an investor flight to quality throughout the pandemic.” That’s according to the latest CBRE […]
Commonwealth Senior Living again helped Invesque (TSX: IVQ.U and IVQ) buoy an earnings period challenged by Covid-19. The portfolio, which Invesque acquired for $340 million last year and now includes more than 30 senior living communities, saw an occupancy decline of just 10 basis points in the third quarter of 2020 while holding steady on […]
The Pennant Group (Nasdaq: PNTG) is expanding its leadership team, as its total blended portfolio continues to perform strongly in the face of operational challenges presented by Covid-19. The Eagle, Idaho-based company recently named Brent Guerisoli president, effective on January 1, 2021. He currently serves in the same capacity for Cornerstone Healthcare, Pennant’s home health […]