Senior housing capital markets remain unstable, four months after the coronavirus pandemic. But they are no longer in a state of “peak volatility.” Debt and equity lenders are returning to the space, but debt lenders in particular are slower to announce their presence, quick to retreat back to the sidelines, and are extremely cautious with […]
A Michigan owner operator is temporarily halting construction on two senior living communities as it focuses on keeping residents across its portfolio safe from the coronavirus pandemic. Grand Rapids-based Leisure Living Management will proceed with construction of the properties in the Michigan communities of St. Clair and Port Huron once the outbreak subsides, President and […]
At the start of 2020, Kisco Senior Living founder, President and CEO Andy Kohlberg’s top priority was developing a pipeline of talent amidst what he called the toughest labor environment in his 30-year career. That was before the coronavirus pandemic disrupted the industry and sent operators scrambling to keep residents safe, and communities across the […]
Juniper Communities — an early proponent of widespread Covid-19 testing in senior living — is working with a new partner to deploy more data-driven, rapid, reliable and cost-effective tests. Bloomfield, New Jersey-based Juniper has teamed up with Oakland, California-based Dascena on the effort, the organizations announced Monday. In late April, Dascena announced the closing of […]
Living in a senior housing community during the Covid-19 era brings a host of hardships to residents, and providers have had to adapt quickly in an effort to maintain consumer satisfaction levels. The good news — according to new survey data shared with Senior Housing News — is that residents do appear to largely be […]
Ingleside spent almost $500 million in recent years updating and expanding its communities and offerings, but Covid-19 is prompting the senior living provider to further reinvent itself. The pandemic is driving a larger investment in technology and a reexamination of the continuum of care. It is also likely to drive more consolidation among senior living […]
Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living […]
A surge of Covid-19 cases in locations across the United States is putting pressure on senior living providers that are eager to pivot to a “next normal” after months of strict protocols. Nearly four months after the virus spread quickly across the country, confirmed Covid-19 cases are rising in 40 states, and new hotspots have […]
The average occupancy rate for senior housing properties fell to 84.9% as the industry was in the grip of Covid-19 in the second quarter of 2020. That was a 2.8 percentage point decline from the first quarter, representing the sharpest quarterly decline since the National Investment Center for Seniors Housing & Care (NIC) began tracking […]
Prospective residents and their loved ones largely have not soured on the idea of moving into a senior living community despite Covid-19, although the pandemic has taken a toll on consumer sentiment. That’s according to a new survey conducted for the American Seniors Housing Association (ASHA) by ProMatura Group, an Oxford, Mississippi-based senior living market […]
