Earlier this year as the first vaccines flowed into senior living communities, it seemed as though the lockdowns and restrictions of 2020 were soon to be a distant memory. Now, a new and significantly more infectious strain of coronavirus dubbed the delta variant threatens to derail some of that progress, and the industry is monitoring […]
Recent data showed senior living occupancy remained flat in the second quarter of 2021, prompting renewed doubts about the pace of Covid-19 recovery. With this as the backdrop, providers are hoping that Q3 2021 will result in a seasonal occupancy uptick, and then some — but that result is uncertain. There is reason for some […]
Diversified Healthcare Trust (Nasdaq: DHC) is making progress on its plan to transition 108 communities operated by Five Star Senior Living (NYSE: FVE) to new operators by the end of 2021. The Newton, Massachusetts-based real estate investment trust (REIT) announced three new management agreements with operators for 66 communities, accounting for 61% of the portfolio […]
Sunrise Senior Living has announced plans to transfer management of all of its care homes in the United Kingdom to two different local operators. Signature Senior Lifestyle and Care UK are set to take over operations of the McLean, Virginia-based senior living provider’s 46 communities operating under the Sunrise and Gracewell Healthcare brands by the […]
The Covid-19 pandemic has had a profound impact on the senior living industry, and leaders in the sector are still processing the lessons they have learned and the changes that the pandemic has wrought. In an effort to understand where the senior living sector might be headed next, global talent management firm Ferguson Partners during […]
When Wendy Simpson, CEO of LTC Properties (NYSE: LTC), heard a colleague at a different real estate investment trust predict a two-year timeline to senior living occupancy recovery, she thought, “That’s just silly.” But, she no longer thinks so. “I think later in the year, we should be able to get a better trend, but […]
Real estate giant Related Companies is making a health care play focused on older adults through a newly announced investment in CareMax. In 2018, Related joined forces with Atria Senior Living to launch a $3 billion development pipeline focused on serving some of the most affluent urban markets in the United States. The new partnership […]
Covid-19 dramatically highlighted that senior living communities are health care settings. With that comes an increasing belief among prospective residents and their families that operators will assume primary responsibility coordinating care. Operators recognizing the shift have been able to create an integrated model, blending the hospitality aspects of senior housing with providing primary care and […]
When Shankh Mitra became CEO of Welltower (NYSE: WELL) last fall, it seemed to me that he faced a tricky leadership challenge. On the one hand, he had helped shape strategy for the real estate investment trust (REIT) as a top executive, and so he intended to maintain continuity as he took the helm. But […]
As the senior living industry enters a post-Covid environment, rising expenses are hitting bottom lines and raising doubts about how quickly operators can recover financially. Labor was an ongoing concern, pre-pandemic. Now, hiring employees is the top challenge, and providers are competing against other industries for entry-level and skilled talent, face higher minimum wage floors, […]
