Middle-market senior living has commanded a lot of attention recently, with demand set to rapidly expand in the coming years. But luxury senior living continues to hold great appeal for developers, investors, operators and — most encouragingly — consumers. Watermark Retirement is certainly not shying away from the luxury market. The Tucson-based company’s development pipeline […]
During our recent virtual Sales Summit, Oakmont Senior Living COO Matt Stevenson said something that caught my attention: “When we look in most markets, we’re hovering around 10% to 11% penetration … to fully recover as an industry, we’ve got to get that to 15% levels.” His point was that, with the vaccine rollout enabling […]
“Anybody who is in our business who doesn’t see pain out there in the marketplace is in denial.” These are the words of Belmont Village CEO Patricia Will, who last week shared her thoughts on a range of topics during an hour-long appearance on SHN+ TALKS. We are pleased to share the recording and this […]
Sales and marketing staff were among the first in the senior living industry to feel the operational effects of the pandemic — and they will play a crucial role in ushering them out, too. With national senior living occupancy rates at a historic low, the work of sales and marketing teams is perhaps more important […]
Like a lot of people, Janale Flores at first believed Covid-19 would be a short-term disruption to her job as director of human resources and area director of international recruitment for Omni Hotels & Resorts in Broomfield, Colorado. As shutdowns across the country took hold, however, Omni lost business. Meetings were canceled, employees were laid […]
Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]
Harrison Street has reportedly raised $720 million for a new fund to be invested in senior housing and other types of real estate. The fund ultimately could raise up to $2 billion, according to a Nov. 17 filing with the Securities and Exchange Commission (SEC). Chicago-based Harrison Street raised $720 million within 60 days and […]
Starting a business in the midst of a global pandemic was not what Trent Czisny had in mind when he founded an operating company — but Covid-19 has not shaken his ambition to take on the “last frontier of senior living.” Czisny plans to open the first Archwood Senior Living building within a few weeks. […]
Belmont Village is teaming up with residential real estate giant Greystar to develop a 17-story senior living highrise in San Diego, in a project that is a first for both companies. The building will be the 32nd senior housing community in Belmont Village’s portfolio and marks the first time that the Houston-based company has done […]
Like senior living providers across the nation, Belmont Village has been tested by the coronavirus pandemic. Yet, despite increased costs and operational complexities, Covid-19 is also spurring innovation and could present growth opportunities for the Houston-based provider, according to President Mercedes Kerr. After a decade with Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL), […]
