Green Street: Senior Housing NOI Will Reach New Highs in 2024

Covid-19 will continue to drag on senior housing operations and net operating income (NOI) until vaccines are widely distributed, and NOI is expected to reach new lows in mid-2021. From there, demographic trends will result in a gradual rebound in NOI, but low supply barriers will limit growth upside, and NOI is not expected to […]

Benchmark CEO Looks Ahead As Company Adds CCRC, Taps Medical Experts

Senior living providers in the Northeast U.S. ran into significant challenges as Covid-19 spiked last spring, and Benchmark was no exception. The Waltham, Massachusetts-based senior living provider is currently working its way back to more stable operations, according to Benchmark Founder and CEO Tom Grape. The effort is evident in two news announcements this week. […]

Atria Makes Covid-19 Vaccines Mandatory for Workers

Atria Senior Living is making the Covid-19 vaccine a requirement for its employees. The Louisville, Kentucky-based senior living provider announced on Monday its more than 10,000 U.S. workers must get both doses of the Covid-19 vaccine by May 1. Atria’s vaccine mandate is unique among large senior living providers in the U.S., many of which […]

Providers Stay Nimble, Prepare for Hurdles as Covid-19 Vaccine Reaches Senior Living

The Covid-19 vaccine has arrived in the senior living industry amid a troubled initial rollout nationally. Many are reporting good, albeit early, progress, and they are preparing for obstacles appearing on the horizon. Providers across the country, including large organizations such as Brookdale Senior Living (NYSE: BKD) and Atria Senior Living, began administering the long-awaited […]

Most-Read Senior Housing News Stories of 2020

With Covid-19 dominating the news for most of 2020, it’s no surprise that the most-read stories of the year were all related to the pandemic. In particular, readers were interested in how Covid-19 might change the way that communities are designed, with the top two stories both focused on this topic. And the hottest design […]

Vitality Living Enters Active Adult Market, CEO Expects Decade of ‘Significant Change’

When Chris Guay founded Vitality Living, he was frustrated at the industry’s slowness to innovate, and he intended to push the envelope. Four years later, he and Vitality have been through twists and turns, including joining with new partners. But Guay believes the Brentwood, Tennessee-based company is in a strong position today, with a portfolio […]

After Losing 31% of Deposits, Sequoia ‘Rises Up’ To Open New CCRC

Opening a new senior housing community is stressful under normal circumstances. Opening one during a public health crisis presents added challenges. Take Sequoia Living, which opened Viamonte at Walnut Creek, a continuing care retirement community in Walnut Creek, California, two weeks ago. The San Francisco-based owner and operator lost 31% of its entrance fee deposits […]

Tips From Brookdale, CVS, Walgreens On a Successful Covid-19 Vaccine Rollout

With the first doses in the U.S. administered Monday, the senior living industry is close to distributing the Covid-19 vaccine among residents and staff. In fact, senior living residents and staff could start seeing the vaccine delivered to their communities as early as about a week from now, according to Dr. Ruth Link-Gelles, who is […]