Insight Living is building a new make and model of the senior living “bus” while driving it down the highway. That’s an analogy Principal Bryan Ziebart uses to highlight the daunting road ahead for senior living providers. On the one hand, operators will need to continue to drive operations and gain occupancy and elongate margins […]
Online real estate investment firm 1031 Crowdfunding has a relatively unique model for investing in the senior living industry — and an ambitious goal to grow within it. The Irvine, California-based company previously shared with SHN a five-year goal of netting $5 billion in assets under management in three years. About 40% of that is […]
Priya Living is forging ahead with a strategy to develop a pipeline of unique senior living communities in India, with plans to innovate beyond the industry’s typical services and amenities. Earlier this month, Priya officially unveiled plans for Priya Flower Valley, a 42-unit community set to open this November in Gurgaon, India. The project is […]
In the coming years, the cost of traditional senior living services could push prospects to choose active adult communities — and with a project underway in Conroe, Texas, Grace Management is ramping up its operations in the product type. Though the company’s plans in the space are still evolving, the Maple Grove, Minnesota-based property management […]
Small-home senior living franchise company Majestic Residences has big plans to scale up its stable of small-home franchisees in the coming years — and to help get there, the company is taking a cue out of the McDonald’s (NYSE: MCD) playbook. Majestic Residences CEO Chuck Bongiovanni told Senior Housing News that the Gilbert, Arizona-based company […]
Charter Senior Living recently bolstered its leadership team, with the company aiming high for the rest of the year on occupancy, margins and solving labor challenges. With what CEO Keven Bennema calls getting “back to basics,” Charter Senior Living is aiming for key optimization targets including 85% occupancy by June and a 20% reduction in […]
Ascension Living’s former President Danny Stricker this August announced that he had launched his own senior living operator called Chapters Living. Stricker, the co-founder and president of the St. Louis-based senior living operator backed by Green Street Real Estate Ventures, is poised to close the acquisition of a seven-community portfolio with about 500 units of […]
Tim Nelson is a senior living veteran, having spent time with Pennant Group (NASDAQ: PNTG) and Ensign Group (NASDAQ: ENSG). Now, he is leading a new senior living venture with the goal of building a company that will last years into the future. Nelson is co-principal leading Olympus Retirement Living, the private-pay senior living brand […]
Sunrise Senior Living is heading into 2023 with a renewed emphasis on lifestyle and wellness, and the company’s two senior living communities in The Big Apple are leading the way in that regard. Late last year, Sunrise Senior Living unveiled a new vision statement to “create a preferred lifestyle for enjoying a longer, healthier, happier […]
Margins have taken precedence as a top industry issue in recent years as operating costs have skyrocketed. But that doesn’t mean pre-pandemic margins are out of reach. To Cogir USA CEO David Eskenazy, senior living operators still have a chance to regain margins in excess of 40% — the catch is, it won’t come easy. […]
