Senior living operators are in 2024 finding ways to increasingly cut down on labor expenses. With agency staffing use trending downward, reducing overtime is a big focus. To some in the industry, it’s a “stubborn sliver.” To others, it’s a “mild headache” compared to the cost of agency staffing. But the bottom line is that […]
This article is part of your SHN+ subscription Financing for senior living acquisitions has been tight – and yet, the data says many deals are being made. A recent report from the National Investment Center for Seniors Housing & Care (NIC) was the latest evidence showing “inconsistent” financing for new deals, fueled by ongoing challenges […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Tredway, LIHC Investment Group plans $20M renovation to New Jersey community A joint venture between […]
This story is part of your SHN+ membership It’s no secret that senior living operators have a hill left to climb in the form of compressed margins and occupancy. Food is a growing part of that effort. In the years following Covid-19, senior living sales teams have worked hard to show the value that communities […]
Data usage is changing the way the senior housing industry is tackling operations, with new applications in just about every department of a company. Brian Ziebart, principal of Insight Living, said during a recent SHN+ TALKS conversation that the company is using data to support the company’s ongoing growth and evolution efforts. According to Ziebart, […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress The Integral Group starts construction on Florida property The Integral Group recently held a […]
This article is part of your SHN+ membership Last week, Brookdale Senior Living (NYSE: BKD) reported that the company had reached its highest operating margins since the pandemic began. The company’s adjusted operating margin was 27.6% as of the first quarter of the year, which is higher than the 25.6% operating margin the company reported […]
This article is part of your SHN+ membership Atlas Senior Living continues to grow its portfolio through new development, but future growth could be concentrated on value-add acquisitions, according to Atlas President and COO Wyman Hamilton. Last year, Hamilton said Atlas – along with the wider industry – took part in a “solid year” of […]
In the Pipeline is part of your SHN+ membership In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Belmont Village, Greystar announce luxury California project Belmont Village Senior Living and Greystar Real Estate […]
This article is part of your SHN+ membership The need to improve operations is driving all that senior living operators do as they pivot to the offensive. One big pressure point is the need to do more with less. In 2024, operators are living that mantra in a variety of ways, from maintaining staffing expenditures […]
