It’s a common refrain that the senior housing industry is mired in normal supply-demand dynamics. If such were the case, owners, investors and providers feeling the pain now can wait for the real estate cycle to turn and then continue doing business as usual. Brenda Bacon, president and CEO of Brandywine Living, does not subscribe […]
Economic trends suggest that the senior living industry should prepare for pain. Low interest rates have become the new normal and could soon go even lower, and this will continue to hurt seniors’ ability to bankroll their retirements, former Federal Reserve Board Chair Janet Yellen said Thursday at the National Investment Center for Seniors Housing […]
High labor costs are among the top issues impacting the senior living industry. But raising wages also may help solve a host of other ills — not only improving recruitment and retention, but driving occupancy and higher rates. The subject of a living wage was one of several actionable strategies for workforce development and retention […]
While it’s clear the senior living industry must cater to the growing middle market of older adults over the next decade, what isn’t clear is how exactly that will occur. There are fresh ideas percolating, though. That was made evident during a “hackathon” at the National Investment Center for Seniors Housing & Care (NIC) fall […]
Traci Bild had an epiphany while recently booking a trip to Israel. The flight’s cost — at around $1,600 per person — did not include assigned seats. Those would have cost an extra $625 per person, for her husband and herself. The Bilds’ trip to Israel is an example of the unbundled pricing trend being […]
Bold new models of adult day services are beginning to enter the market, and senior living providers would be wise to take note. Their standard adult day offerings may lose luster in the face of these new options, but providers also may be ideally positioned to take advantage of a growing market opportunity. While many […]
Capital Senior Living (NYSE:CSU) has hired Brandon Ribar as its new chief operating officer. Ribar is formerly the senior vice president of operations for major skilled nursing company Golden Living. He’s stepping into the COO role months after the departure of Capital Senior Living’s former COO, Brett Lee. Ribar’s appointment was announced Tuesday — and […]
Now in the fourth decade of his senior living career, Mike Brown is still thinking big — literally. Brown is chairman of Sterling Estates, a privately held senior living provider that has achieved high occupancy in a crowded market by securing large plots of land and building expansive communities with a focus on wellness. This […]
Heritage Communities COO Amy Birkel wanted to learn more about her company’s residents and what they go through every day, so she packed her bags and lived among them. For 13 days in August, she lived and slept in all 13 of Heritage’s communities throughout Nebraska, Iowa and Arizona. During that time, Birkel ate with […]
In 1991, California CCRC Morningside of Fullerton was struggling with massive operating losses and very low occupancy. Today, it’s a crown jewel in Life Care Services’ portfolio. This vast turnaround is partly the work of Continuing Life, a services and advisory company that works closely with Life Care Services. The company was created in 2013 […]