The Springs Living experienced about a 10% occupancy and 12% net operating income decline during Covid-19, but has recovered about a third of that lost census, with inquiries up 70% and move-ins up 20%. With this as the backdrop, the McMinville, Oregon-based provider is reentering growth mode. The Springs recently broke ground on a 210-unit […]
Senior living and care pioneer Dr. Bill Thomas and a team of colleagues today unveiled Kallimos Communities, a new concept in housing and services. The first two projects are already in their early stages in Colorado and Texas, Kallimos COO Megan Marama told Senior Housing News. Marama, Thomas and the Kallimos team have big ambitions, […]
Welltower (NYSE: WELL) and an investment group led by real estate and private equity investor Safanad have announced plans to recapitalize HC-One, the largest care home operator in the UK. The two companies will de-leverage HC-One, extend its debt maturity by five years and provide the company with new equity to invest in its communities […]
The company formerly known as Erickson Living has a new name and a new five-year plan to expand and upgrade its portfolio of continuing care retirement communities (CCRCs). The Catonsville, Maryland-based CCRC developer, owner and operator —- now officially called Erickson Senior Living — has committed about $3 billion in self-funding for the construction of […]
Almost two years ago exactly, “The Forgotten Middle” report quantified the enormous, imminent demand for senior living at a middle-market price point. Since that time, many providers have set their sights on this part of the market. But most of their early-stage work has been done behind closed doors, with only occasional hints as to […]
With COVID-19 vaccinations becoming more accessible for a wide range of demographics across the United States, there is finally a light at the end of the tunnel. Yet the vaccine clinics will continue for weeks to come across the senior living industry as providers facilitate vaccinations for their employees and affiliates. “As the communities open […]
Michael Joseph is the founder and president of Clover Group, a vertically integrated company specializing in developing and operating independent living for middle-income older adults. With 40 Clover communities currently operating, the Williamsville, New York-based company is expanding rapidly, with partners including private equity firm The Carlyle Group and real estate investment trust Welltower (NYSE: […]
Les Strech is the President of Thrive Senior Living. Les has been a catalyst for change by redefining the standard of senior living, challenging long-held design beliefs and drumming up community support. Les continues to stand out as a visionary leader in senior housing, having led Thrive through some of the most difficult conditions in […]
In mid-January, as some senior living providers had yet to even begin their first vaccine clinics, Marquis Companies had already held two at its 28 senior housing and care communities. Much of that had to do with the fact that the Marquis Companies umbrella includes a long-term care pharmacy called Consonus Pharmacy, and having that […]
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