Christian Living Communities had a foundational year in 2023 with progress made on multiple fronts, including pushing occupancy and financial results past pre-pandemic levels. The Denver-based senior living organization launched its own in-house digital marketing agency, Cappella Digital Marketing Solutions, which CEO Jill Vitale-Aussem said “resulted in significant improvements in lead generation at a lower […]
Category: Management
To meet the needs of a workforce seeking affordable housing in some of the highest cost of living parts of the country, senior living providers are taking matters into their own hands. Two such operators, Naples, Florida-based Moorings Park in Naples and St. Paul, Minnesota-based Presbyterian Homes and Services, have a variety of projects underway […]
Last year, HumanGood CEO John Cochrane noted how the industry was shifting from a period of crisis to one of stability. This year, his message for senior living operators is even clearer: “Buckle up and start your engines.” “The new year could bring some of the biggest opportunities in our lifetime,” he said. “We are […]
Sunset Senior Communities is poised to continue growing beyond its current four-community count in 2024 following the addition of a new property and the sale of its skilled nursing portfolio. “It’s been a really busy and exciting time for us,” Sunset CEO Christina Matzke told Senior Housing News. Matzke was named president and CEO of […]
Many senior living executives hoped 2023 would be the year that the senior living industry finally pivoted away from its biggest ongoing challenges. That did not happen as planned. In 2024, operators are sure to confront many of the same challenges as they have for the last almost four years. Staffing, occupancy, margins and other […]
A continuing care retirement community (CCRC) with a history of financial woes is slated to change hands, with senior living company LCS poised to buy it. The community, known as Harborside and previously Amsterdam at Harborside, in March filed for bankruptcy for the third time in nine years, with LCS winning a five-day auction worth […]
A new year always brings new challenges and opportunities. In 2024, the senior living industry will have plenty of both. The senior living sector endured a hard year in 2023, starting with multiple stories of operators shutting down or in distress, and ending with assisted living being slammed in the recent Washington Post series. But […]
Brookdale Senior Living has sold its remaining 20% equity interest in its home health and hospice joint-venture with HCA Healthcare (NYSE: HCA) to HCA for $27 million. Brookdale, the nation’s largest operator with 672 communities in 42 states, confirmed the sale to HCA on Wednesday. The sale comes months after Brookdale CEO Cindy Baier said […]
Capitalization rates rose across all senior living product types in the latter half of 2023 as challenges remained stubborn. But the new year should bring more improvement to supply-demand dynamics. That’s according to a new investor sentiment report for the second half of 2024 from CBRE Valuation and Advisory Services. The survey, conducted in October, […]
After a slower start than many operators had hoped in 2023, the senior living industry is poised to regain pre-pandemic occupancy in 2024 – but many of the pandemic era’s challenges still remain. Challenges for the year ahead include finding ways to grow as new development remains tough, navigating lingering high expenses, staffing communities with […]