Covid-19 has disrupted senior living providers’ balance sheets, and it’s clear that the pandemic will have lingering effects — but some companies are seeking to limit the pain and believe they can avoid permanent margin compression. A similar story has played out in U.S. senior living companies since March: as communities went on lockdown to […]
Many developers, builders and other real estate professionals believe that senior housing has not yet hit a bottom due to Covid-19. That’s according to findings from the mid-year market sentiment survey from RCLCO Real Estate Advisors. About 22% of respondents said that they believe senior housing — including independent living, assisted living and memory care […]
More than 7,000 assisted living residents may have died from Covid-19 in the United States, according to a new report based on information that federal lawmakers gleaned from providers. The report suggests that the numbers may actually be higher, since deaths in assisted living facilities are not reported to the federal government, an issue that […]
When interviewing for a job with Solera Senior Living earlier this year, Janale Flores went to the coworking space near Denver where the company’s corporate team was based. She got the job, but she never returned to that office space, due to Covid-19. “My first day was actually at home,” Flores told Senior Housing News. […]
As the U.S. gradually reopens after nearly four months of lockdowns in response to the coronavirus pandemic, senior living communities can take cues from how various businesses operate in the new normal. Plans for restaurants operating at reduced capacities or with only socially distanced, outdoor dining can be adopted by providers looking to re-open dining […]
Editor’s Note: Interested in the active adult market? Check out SHN’s Active Adult Virtual Summit, taking place July 15-17. Click here to learn more and register. Construction recently wrapped on Avenida Naperville, a 146-unit active adult community near Chicago. This is just one project in a robust pipeline from Newport Beach, California-based developer Avenida — and Managing […]
One of the largest senior living operators in the U.S. is taking a new approach to its corporate operations to give its communities more autonomy, and adopted a new name in the process. Affinity Living Group as of July 1 will be known as “ALG Senior.” The company also will designate its corporate headquarters where […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
The Covid-19 pandemic has prompted a regional senior living provider to reevaluate its value proposition and pivot its operations and marketing. That company is Oakmont Senior Living, a Windsor, California-based provider with 31 communities throughout California and Nevada. The provider, which traditionally focused on high-end amenities and services, found itself in unfamiliar territory when Covid-19 […]
Senior housing in the United States has been hit hard by Covid-19, but one of the largest global real estate investing firms has singled out the sector as a prime opportunity. However, the pandemic complicates a business that already had a high degree of operating complexity, and success will now be even more dependent on […]
