$150 Million Highrise Project Caps 5-Year Reinvention of Transforming Age

In 2014, Presbyterian Retirement Communities Northwest (PRCN) was a small and struggling provider with three communities in the Seattle area. Fast-forward to the present day, and the organization has rebranded as Transforming Age, serves about 10 times as many seniors, and is pursuing further innovation and expansion — including through the $150 million Olympic Tower […]

Residential Real Estate Values Complicate Life Plan Communities’ Stable Outlook

Non-profit life plan communities can expect another year of stability in 2020, but there are some factors that could complicate the landscape in the future. That’s according to a new report from Fitch Ratings, which on Wednesday released its annual outlook for U.S. not-for-profit life plan communities. As in previous years, those communities should expect […]

After Rocky Start, Eskaton’s Partnership with VC-Backed Home Care Company Honor Pays Off

A partnership with tech-forward home care startup Honor has enabled senior living nonprofit Eskaton to boost revenue and smoothed the organization’s expansion into new markets. But the partnership did not get off to an auspicious start. Sacramento, California-based Eskaton completed its transition to the Honor platform in Dec. 2018, and issues emerged soon after. “By […]

Buckner Opens $240M CCRC with High-Profile Partnerships, To Sell Historic Campus

Last week marked the official grand opening of Ventana by Buckner, a $240 million high-rise continuing care retirement community (CCRC) in Dallas. Ventana is part of a crop of urban CCRCs rising across the country, and it stands out for the numerous partnerships that it has forged with high-profile organizations in its local market, including […]

Lifespace CCRC in Texas Files for Chapter 11 Bankruptcy

A continuing care retirement community (CCRC) owned by senior living nonprofit Lifespace Communities has filed for Chapter 11 bankruptcy. The 283-unit community, The Stayton at Museum Way in Fort Worth, Texas, defaulted on liabilities related to bonds issued in the amount of $109.7 million, including interest, according to a bankruptcy notice filed in the U.S. […]

Risk Aversion Holding Back Nonprofit Senior Living, Despite Affiliation Trends

Nonprofit senior living providers have shown an increased appetite for growth through affiliation and expanding existing campuses in recent years. Yet an aversion to risk born out of the post-2008 economic downturn has the sector trailing its for-profit peers. These trends are on display in the 16th annual LZ 200 list of top nonprofit providers […]

3 Innovative Senior Housing Projects That Hold Lessons For Nonprofits

Nonprofit senior living providers have historically driven innovation in the field, but there is some concern that they are being eclipsed in this regard by for-profit competitors that are controlling more market share, can bring capital to bear more quickly and have a higher risk tolerance.  The differences between nonprofits and for-profits may not be […]

‘Horrified and Irritated’ CEO of HumanGood Delivers Wake-Up Call to Nonprofits

HumanGood CEO John Cochrane is not happy with the state of the nonprofit senior housing and care sector. Specifically, he believes that many nonprofit organizations are too complacent and risk-averse, resulting in the senior living industry becoming far too dominated by for-profit providers. “Look at the market share of who owns what today: independent living, […]

Senior Living Nonprofits Quietly Collaborate In Under-the-Radar Group

Non-profit senior living providers across the U.S. have in recent years looked to mergers and affiliations as a way to gain scale and thrive in the face of industry headwinds. But some of these arrangements also come with a price: In order to join forces, at least one party needs to give up some degree […]