How Senior Living Operators Plan Renovations With ROI in Mind

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 […]

Atria, Presbyterian Homes & Services Push Through Headwinds to Upgrade Communities and Expand

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 […]

‘Trends Have Changed’: Senior Living Operators Reposition Communities for the Boomer Generation 

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 […]

Best Repositioning of 2019: Dated 1980s Office Building Becomes Modern Senior Living

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 […]

Senior Lifestyle’s 24 Senior Suites Communities Hold Lessons For Middle-Market, Affordable Development

A little over 20 years ago, Bill Kaplan had a fateful meeting with Chicago Mayor Richard Daley. At the time, Kaplan was an entrepreneur of growing stature in the Windy City. The company he had co-founded, Senior Lifestyle Corp., had a small but growing portfolio of private-pay senior living communities. Seeing that success, Mayor Daley […]