Expect the winds of change to blow harder than ever through the senior housing industry in 2020. With each passing year, the wave of baby boomer demand draws nearer, attracting more capital and a greater diversity of talent to senior housing. In 2020, the pioneering companies that started the industry may still have a leg […]
Alexis Ohanian’s predictions about senior living disruption caught the attention of Senior Housing News’ readership last year. The Reddit co-founder’s interest in developing tech solutions for seniors was our top-read story of 2019, ending a two-year stranglehold on the top spot by Jimmy Buffett’s Latitude Margaritaville expansion. In fact, the intersection of innovation and senior […]
The need for strong leadership in senior living has never been greater, in light of profound challenges related to workforce, the pace of new development and other issues, according to MorningStar Founder and CEO Ken Jaeger. “The issues of today are real and they need our full attention,” he said on a recent episode of […]
There’s an old adage that employees tend to leave their managers, not their jobs. That’s especially relevant for the senior living industry, which has grappled with a staffing crisis in recent years, particularly among its frontline workers. And there is evidence it’s not just an old adage, either. A 2015 Gallup study of more than […]
Pegasus Senior Living has made progress turning around the nearly three dozen former Brookdale Senior Living (NYSE: BKD) properties it took over last year — having grown occupancy and built out leadership teams, the operator is anticipating a wave of CapEx in the year ahead. All of this is aimed at positioning Pegasus to potentially […]
It’s been a big year for Invesque. Since its founding in 2015, the Carmel, Indiana-based firm has amassed a nearly $2 billion portfolio, and made a signature acquisition in 2019 by purchasing the Commonwealth Senior Living operating company and 20 properties. This rapid growth is no accident — Invesque Chairman and CEO Scott White places […]
As a child, Jan Garde did not enjoy visiting his grandfather’s retirement home. “I thought it was the worst place on Earth,” he told Senior Housing News. Now in his 30s, Garde is working to bring an alternative type of senior housing to market with his startup, The Embassies of Good Living. “Think of the […]
It’s been an active year for Watermark Retirement Communities. As the Tucson-based provider has made progress on a strategic growth plan, it has made key hires, including bringing on board a new COO* and recently tapping a wellness leader who previously worked for Canyon Ranch. “It’s been busy, that’s for sure,” COO Karen Mlawsky told […]
The ongoing, unprecedented wave of investors flocking to senior housing is contributing to a widening disconnect between mission-driven operators and investors pushing for larger, faster returns on their investments. Management fees paid to operators have emerged as one battleground leading to strained relationships and struggling projects. The root of the disconnect is in a lack […]
The nation’s largest senior housing provider has hired a former 3M executive and current Best Buy board member to fill a newly created senior living leadership role. Brookdale Senior Living (NYSE: BKD) announced Tuesday it had hired Cindy R. Kent as its new executive vice president and president of senior living. Kent is set to […]
