The senior housing industry is engaged in a “Goldilocks” period of growing rates and margins, according to leaders with American Healthcare REIT (NYSE: AHR). The industry is seeing a period of historically low construction starts and high demand according to Brian Peay, chief financial officer of American Healthcare REIT. For the company’s operating partners, including […]
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Faith-based senior living nonprofit Bethesda Senior Living is nearing a full turnaround from the Covid pandemic. With recovery close at hand and a new operational leader on board, the organization is now thinking about its next chapter of growth. According to CEO Dana Rasic, the organization’s average occupancy rate has grown at a faster pace […]
Retirement Unlimited Inc. (RUI) President Doris-Ellie Sullivan has left her post as president, while CEO William Fralin is continuing to lead the company, the operator has confirmed. Sullivan “resigned from her position at RUI to pursue other opportunities,” a spokesperson for the Roanoke, Virginia-based company told Senior Housing News Thursday. The operator did not further […]
Two senior living companies are joining forces on a new effort to expand hospice care in the Cleveland, Ohio area. The two companies, Judson Senior Living and McGregor Senior Living, have formed a new venture called Hospice of Greater Cleveland. The new venture aims to help both companies better serve demand for hospice services. Collectively, […]
Former Sonata Senior Living CEO Shelley Esden has joined Distinctive Living, where she will now work as COO and executive vice president. In her new dual role, Esden will help expand the Distinctive Living brand while managing operational execution for the Freehold Township, New Jersey-based senior living operator. She arrives at Distinctive Living after working […]
Building in more flexibility to worker schedules is not a new strategy for the senior living industry. But in 2024, operators are still tweaking those strategies to improve their staffing practices. The concept has worked well in other customer-facing industries. After global retailer Ikea faced a turnover problem in 2022 and 2023, the company implemented […]
LTC Properties (NYSE: LTC) has in 2024 been relatively optimistic about the path ahead, especially with regard to improvement among its operating partners and the prospect of new investments. But the company encountered a bump on that road in the second quarter of 2024. Management with the Westlake Village, California-based real estate investment trust (REIT) […]
It’s no secret that senior living construction starts are down, and the length of time it takes for a project to open is up. But as the challenges starting new construction projects linger, the likelihood of a future shortage of senior housing inventory grows. That’s according to a new blog post from the National Investment […]
In 2024, senior living developers, investors and operators are upgrading and repurposing their communities. For example, about a quarter of IntegraCare’s portfolio has recently undergone “a major makeover or a memory-care conversion,” CEO Larry Rouvelas told Senior Housing News. And IntegraCare is hardly alone in going big on renovation and repositioning projects, as capital market […]
The Memory Care Innovation program is designed to recognize passionate and innovative industry members who are shaping the future of cognitive care across behavioral health, home health and home care, hospice and palliative care, senior housing, and skilled nursing. To see this year’s inaugural Memory Care Innovation Award winners, visit https://innovation.memorycarebusiness.com/. To become a Memory […]
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