Residents of life plan communities across the United States are generally experiencing higher levels of wellbeing than older adults living in the general population. That’s according to newly released findings from The Age Well Study, conducted by Mather LifeWays Institute on Aging in partnership with Northwestern University and a variety of senior living industry organizations. […]
The senior living smart home revolution is in full swing, and Kisco Senior Living is buying in with Amazon’s Alexa. Starting with a kickoff event last month, Kisco has been installing Amazon Echo Dot voice systems with Alexa in all 165 independent living (IL) units in its continuing care retirement community (CCRC) The Cardinal at […]
Kisco Senior Living has launched two new training programs aimed at delivering hotel-style service to residents and retaining its longtime workers — and one of the initiatives has the backing of the Forbes Travel Guide. The Carlsbad, California-based senior living provider recently announced dual “Forbes’ Luxury Hospitality Training” and “Career Lattice” programs for its workforce. […]
In his two decades in the senior living industry, Juniper Communities CFO Chuck Hastings has seen many changes, but one stands out: consumers’ evolving expectations and needs. And failing to keep up with customers can have dire consequences. “That is where a company can make some real financial missteps … when they don’t listen to […]
HFF Completes Sale, Financing of Somerby Senior Living Portfolio Holliday Fenoglio Fower (HFF) completed the sale and financing of a nine-property senior housing portfolio, totaling 1,558 units, in the Southeastern U.S. HFF marketed the property on behalf of the seller, Dominion Partners, acting on behalf of its affiliated partner, Somerby Senior Living. Bridge Investment Group […]
Well before 2019 was on the horizon, experts were speculating on the health of the senior housing industry. As 2018 came to a close, investor confidence in the market continued to drive interest, and flooded the capital markets with money. Deals like Apollo Global Management’s $428 million deal for HCP’s Brookdale Senior Living portfolio and […]
With the pursuit of wellness becoming pervasive not only in senior housing but for people of all ages, health care-related buildings are replacing retail locations as the anchors of mixed-used real estate developments — and Welltower (NYSE: WELL) is pursuing projects to accelerate this trend. “Twenty-five years ago, if you said to someone, why don’t […]
The health care industry’s shift in focus from acute care in a centralized setting to treating people in their homes is creating ripple effects across the senior living market. Senior housing owners and operators need to prepare for the shift or risk being left behind, National Investment Center for Seniors Housing & Care (NIC) founder […]
The traditional definition of senior housing is under attack. Looking back at the last 10 to 15 years, the asset class as defined by investors had distinct lines between independent living, assisted living, memory care and nursing homes. All of these communities were surrounded by 55-plus master planned communities, traditional multifamily and single family options, […]
Wellness has been a buzzword in senior living for some time, and new survey numbers showcase that it is replacing “care” as the driving concept for community operations. The International Council on Active Aging asked 267 senior living professionals this question: Will their community be based in a wellness lifestyle with options for care, or […]
