From growing its number of management agreements in 2023 to forging ahead with a development pipeline and expanding in-home health services, United Church Homes (UCH) is executing on a multi-faceted growth strategy Since January, the Marion, Ohio-based reported adding over 300 units to its managed senior housing portfolio, representing a 38% increase from last year. […]
Life plan communities are continuing to see higher average occupancy than the rest of the senior living industry in 2023, according to a new analysis. . Total occupancy for the life plan community sector, which includes for-profit and not-for-profit communities, surpassed the rest of the industry in independent living, assisted living and memory care, according […]
This article available as part of your SHN+ membership Operator transitions have been making headlines over the last few weeks, with many of the handovers involving properties serving middle-market consumers in secondary markets. The recently announced transitions include: The backstories behind these transitions vary, but many of the communities involved are serving a similar consumer […]
In 2023, value-based care reached a “tipping point,” with big senior living players including Brookdale Senior Living (NYSE: BKD) embracing the trend. Looking ahead to 2024, the industry is preparing to move the needle even further and integrate value-based care into their operations as a way to increase the quality of care and more appropriately […]
Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]
Thrive Senior Living recently announced 100% occupancy at a handful of communities as margins trend positively and new growth through development is on the horizon. Looking ahead, President Sebby Kannukkaden said the company would continue to grow through acquisition and development as its “core focus.” Thrive has also been in contact regarding third-party management opportunities […]
Longtime industry veteran and Symphony Senior Living CEO Lisa Brush has long had ambitions to grow a new senior living platform in the U.S. — but she is in no hurry, either. In the third quarter of 2023, occupancy recovery for the Ontario-based senior living operator and its four communities still “is a little slow,” […]
Real estate services and investment firm Foundry Commercial has added 16 senior living communities to its Spring Arbor management arm, growing the platform to now 40 communities nationwide. The properties have expanded Foundry Commercial’s presence to South Carolina, Florida, Tennessee, Kansas, Nebraska, Iowa and Minnesota, the company announced in an Aug. 24 press release. The […]
The National Investment Center for Seniors Housing and Care (NIC) has named Lisa McCracken as head of research and analytics as the organization continues to retool its leadership team. In her role, McCracken will oversee NIC’s research and analytics team that develops data-driven insights on senior housing industry challenges and opportunities, according to a news […]
Gardant Management Solutions is growing its presence in the Midwest with the addition of 25 communities to its senior living portfolio. The newly added 25 communities are located in Illinois and Ohio, according to an announcement. Bourbonnais, Illinois,-based Gardant is among the nation’s larger national senior living providers, and with the new management agreements, the […]
