It’s been a little more than two months since Covid-19 turned the world on its head — but the senior living industry is already contemplating creative ways to change how buildings are designed, to cope with current and future challenges. In the short-term, providers have come up with ways to keep residents and staff safe […]
Don’t ask Dwayne Clark for his top 10 U.S. senior living operators doing exciting work. No such list exists. “If you gave me $500 million and said, ‘Dwayne, I need you to go find 10 operators in the United States — build communities and have 10 operators in various geographic locations, operators that you feel […]
The Covid-19 pandemic has driven up expenses and dragged down revenue for smaller or single-site senior living providers who lack the cash reserves of their larger peers. For some providers, funds from the payroll protection program (PPP) have acted as a life preserver in turbulent times — but the long-term outlook remains hazy despite the […]
National Health Investors (NYSE: NHI) was not immune to the Covid-related pressures that other health care real estate investment trusts (REIT) have grappled with since mid-March. Occupancy rates decreased significantly in April, leads are in decline, tours are at a standstill and move-ins have slowed across its roster of senior housing operators. And while rent […]
Welltower’s (NYSE: WELL) senior housing portfolio took a substantial hit to occupancy between March and May as the Covid-19 pandemic dragged on — but the company believes the worst still is yet to come on that front. Occupancy for the Toledo, Ohio-based company’s senior housing operating (SHO) portfolio fell by 70 basis points in March […]
Compared to April 2019, consumer inquiries into senior living communities decreased 41% last month, and move-ins were down 22%. That’s according to data from more than 2,200 communities, compiled and analyzed by Enquire, a company that offers customer relationship management, marketing automation and contact center solutions to the industry. The numbers help quantify the stark […]
Brookdale Senior Living (NYSE: BKD) was making good progress in the beginning of this year — until Covid-19 threw icy cold water on the industry. As it heads into the second quarter of 2020, the nation’s largest senior living operator now has focused its efforts on supporting its residents and workers while slowing the spread […]
Senior care providers across the country are offering hourly wage increases, overtime pay and other incentives to encourage front line employees to continue providing care to residents during the coronavirus pandemic. In the process, this may be establishing a new wage baseline, Kendal Corporation President and CEO Sean Kelly told Senior Housing News. Senior living […]
Over the past decade, mixed-use communities became a popular living arrangement for seniors — thus making it an attractive development opportunity. But the Covid-19 pandemic threatens to change the equations that made that product work, while presenting opportunities for those who see how mixed-use might change in the new normal. While the pandemic is deadly […]
Affordable senior housing operator Embrace Living Communities named Ralph Gaines as its new CEO. Gaines comes to Oak Brook, Illinois-based Embrace from the U.S. Department of Housing and Urban Development (HUD), where he spent nearly two years as its chief operating officer. He joined HUD in June 2017. Prior to that, he was president and […]
