This article is a part of your SHN+ subscription The senior living industry has made great strides to regain margins lost during the pandemic over the last three years, and rate growth has been among operators’ primary tools for doing so. Although many senior living companies are still mulling how much to raise rates in […]
This article is part of your SHN+ membership “By 2026 or 2027, virtually every memory care unit in the country will be full,” Pegasus Senior Living CEO Chris Hollister said during the Senior Housing News BRAIN conference last week in Washington, D.C. That might be true, but getting through the next few years will not […]
This article is a part of your SHN+ membership Senior Star was down to 30 open positions across the company as of a few weeks ago. That’s a notable statistic, considering that the Tulsa, Oklahoma-based provider — like so many senior living operators — has faced severe labor challenges in the last few years. In […]
For years, the senior living industry has prepared to meet the needs of the incoming boomers en masse — and yet, the generation’s exact preferences and desires have seemed stubbornly opaque. But a new report released last month by the American Seniors Housing Association (ASHA) and conducted by the ProMatura Group offered a clear window […]
This article is a part of your SHN+ membership Recently, we caught wind of a developer’s plan to create new senior living communities at two former shopping malls in the Chicago area, and our story generated high interest among readers. No doubt, the challenges of 2023 are leading investors and developers to turn over every […]
This article is a part of your SHN+ membership Chip Gabriel shared some news with me during Senior Housing News’ recent WELLNESS event: The venture he’s undertaking with Formation Capital Executive Chairman Arnie Whitman and other partners recently executed its first acquisition, purchasing a 120-bed assisted living/memory care community in Tennessee. And Gabriel himself is […]
This article is a part of your SHN+ membership In a normal year, Capitol Seniors Housing (CSH) is used to working on six development projects. But in 2023, the company is resetting its growth expectations for the immediate future. Capital market disruption and a “no man’s land of interest rate hikes” have left companies like […]
This article is a part of your SHN+ membership Senior living is a luxury good that nobody aspires to own. I’ve been thinking about this statement from former Welltower CEO Tom DeRosa in light of recently released data, as well as conversations that occurred at our recent Senior Housing News WELLNESS event in Atlanta. The […]
This article is a part of your SHN+ membership Senior living sales leaders in 2023 are building on momentum gained in the second quarter of the year while also strategizing how to reach residents who are now choosier than only a few years ago. Part of the reason for that choosiness is that today’s senior […]
Earlier this year, the prospect of new senior living growth looked bleak, due to capital market turmoil and ongoing operational difficulties. Whereas scaling up had been the name of the game in previous years in anticipation of incoming demand, it seemed operators were focusing less on scaling fast and more on improving certain operational fundamentals […]
