After margins hit a near-low point in late 2022, senior living operators have spent 2023 strengthening their bottom line with hopes that growth will continue into the new year. In many cases, margin gains have been a direct result to operators improving census across their portfolios, shoring up labor pressures and increasing resident market rates. […]
With the senior living industry aiming for wider margins and lower expenses this year, providers across the country are getting creative on all aspects of labor as staffing remains critical albeit tough. New data from LivingPath, an online platform that provides pricing and other data for senior housing communities, shows that senior living vacancies have […]
Nearing the halfway point of 2023, senior living operators are ramping up efforts to maintain momentum in various areas, from generating revenue growth to innovating on staffing, with a goal of seeing year-end success. But the road to wider margins and boosted revenue is fraught with challenges, from outside pressures on interest rates that hamper […]
SHN reporters Nick Andrews and Austin Montgomery also contributed to this story. Fast growth in the face of headwinds, forward-thinking operating models, deep industry experience — these are just some of the traits of the senior living companies standing out in 2023. Though the industry is undergoing pain this year, these operators’ companies are blazing […]
The pace of recovery has come at different speeds for senior living operators due to a variety of factors — but one that does not seem to be having a large effect on recovery in 2023 is whether they are in a primary or secondary market. Demand for senior living services remains strong for the […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Distinctive Living plans Connecticut community Senior living operator Distinctive Living and its development platform Distinctive Development recently announced redevelopment plans of a senior living […]
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Distinctive Living was only founded two years ago, but CEO Joe Jedlowski has in that time grown the company to 26 communities in seven states. Persistent labor pressures and other headwinds complicated the company’s overall strategy this year. But after a year in flux in 2022, Jedlowski has his sights set on even more growth […]
While Distinctive Living may be a new player in the senior living space, the company has grown rapidly since its founding at the beginning of 2021 and is now at 26 communities. Distinctive Living and its development arm Distinctive Living Development were born not long after CEO Joe Jedlowski stepped away from Milestone Retirement Communities, […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Distinctive Living announces portfolio expansion New Jersey-based Distinctive Living added five new locations to its senior living portfolio with the move expanding boutique living […]
