Few Real Estate Pros Believe Senior Housing Has Hit Covid-19 Bottom

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 […]

Senior Living Providers Create ‘Next Normal’ With Dining, Disinfection Changes

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 […]

Developer Avenida Sees Active Adult Proving Its Recession Resilience

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 […]

Affinity Takes New Approach to Operations, Changes Name to ALG Senior

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 […]

CEO Beckwith Exits Formation Capital

Brian Beckwith is moving on from Formation Capital after serving as CEO of the Atlanta-based private equity firm for nearly a decade. Formation specializes in senior housing and care investments. The firm has sponsored about $2 billion of equity across senior living, skilled nursing and other post-acute services since it was founded in 1999. Formation […]

Covid-19 Bulletin: A Framework for Reopening Senior Living Communities; Some Nonprofits Face $3M to $5M Revenue Gaps

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 […]

‘Complete Transformation’: Oakmont Senior Living Pivots to Health Care in Covid-19 Strategy

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 […]