External growth is hard, which is why some senior living operators are growing via repositioning and renovation projects. The average age of a senior living community in 2025 was 24 years, and operators are taking that as a cute to revitalize them. The Village of River Oaks, an Aspenwood Company community in Houston, is a […]
Category: Renovations
The senior living sector is dealing with an increasing number of older properties. Making these buildings more efficient for staff is one way to avoid expensive fixes, although doing so has its fair share of challenges. Even so, building updates will remain top of mind for operators for years to come, experts say. Renovating a […]
Senior living operators are seeking to more quickly turn over units as demand for their communities remains strong while length of stay and lost revenue days put pressure on operations. Unit turnover is just a reality of the senior living industry, but operators are bolstering their ability to move in new residents through partnerships with […]
With so many aging communities changing hands and a low level of new openings, SFCS Architects is preparing for a “modernization push” in the coming years. NIC data shows the senior living industry is grappling with many aging properties and an industrywide average property age of 25 years. And needs of the baby boomer generation […]
Data shows that the baby boomers believe bigger is better when it comes to senior living units. Senior living operators are catering to those preferences in a variety of ways. Recent occupancy data from the National Investment Center for Seniors Housing and Care (NIC) showed that some senior living residents prefer larger units than they […]
New wellness amenities, a Center for Healthy Living and new independent living offerings are just a few of the ways Plymouth Place, a life plan community in La Grange, Illinois, revitalized its campus. With the project – spurred on by rising local competition and the wants and needs of the baby boomer generation – the […]
Many senior living companies are subsisting on renovation and repositioning as new development remains slow. As they undertake new projects, they are putting a lot of thought into what will get the most bang for their buck. With projects usually totaling millions of dollars, operators must get return on their investment in some fashion, be […]
With new construction starts near record lows due to the state of capital markets and the cost of materials, senior housing operators – including Atria Senior Living and Presbyterian Homes & Services – are being strategic about how to renovate, reposition and expand. Along with these struggles related to costs, cities and municipalities have been […]
The high cost of new development and lack of financing for big projects has pushed some operators to renovate and reposition older communities. In 2024, senior living operators and their partners are focusing on adding as much value as possible through renovations and repositioning. But as operators serving the baby boomers can attest, the incoming […]
Originally opened in 1923, today Country Club Plaza in Kansas City, Missouri is recognized as a landmark shopping and office district in the City of Fountains — its architecture and design inspired by Moorish and Spanish influences. Walking distance from the plaza stands a five-story building. For years, it was a relic of 1980s office […]
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