Discovery Senior Living had a landmark year in 2019, hiring its first COO, making strides on an “experiential living” model, and striking major deals with real estate investment trusts Welltower (NYSE: WELL), HCP (NYSE: HCP) and NHI (NYSE: NHI). Memory care has been another major focus, and the Bonita Springs, Florida-based provider recently announced that […]
The ongoing discussion within the senior living industry on how to define active adult communities has, at times, made Discovery Senior Living CEO Richard Hutchinson’s head spin. “When I hear about senior apartments and active adult — having had experience [building] both of them — what we’re talking about is neither and it confuses the […]
Senior living is in the middle of a transformative period. Supply and demand dynamics are imbalanced. Providers are grappling with oversupply in markets across the United States, while determining how to address the arrival of the baby boomers and the growing middle market. And the available labor pool is at record lows during the longest […]
As U.S.-style senior living gains traction overseas, international designs are reflecting some of the same trends that are hot in domestic markets. But like snowflakes, no two markets are alike, D2 Architecture President David Dillard told Senior Housing News. “‘International’ is too broad a term,” he said. Senior housing professionals expanding beyond the U.S. must […]
With 18 years at luxury CCRC developer, owner and operator Vi Living — the last two as COO — Bill Sciortino was in high demand with executive search firms across the country. But when recruiters called called him with job openings, Sciortino would pass, he told Senior Housing News. “I pretty much dismissed every [opportunity] […]
National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]
Discovery Senior Living is adding to its executive leadership by naming its first COO, the latest move in a period of rapid growth for the Bonita Springs, Florida-based company. Discovery hired Bill Sciortino for the newly created role. He was most recently in the same role at Chicago-based luxury senior living developer, owner and operator […]
After closely analyzing every one of its senior housing assets, real estate investment trust HCP (NYSE: HCP) has hit the accelerator to create a portfolio that will outperform the broader industry in the coming years. “It’s hard to predict too far into the future in senior housing, just given the uncertainty about continued new supply […]
Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Cadence Living Plans Arizona Community Cadence Living has purchased 7.7 acres of land in […]