With millions of baby boomers reaching retirement age, an evolving landscape for pricing, a red-hot labor market and the looming potential for multiple avenues of disruption, it’s clear the senior living industry faces a new chapter. All of those forces will shape the industry for years to come, requiring that investors, owners and operators be […]
Senior living executives who are striving to differentiate their companies from the competition, meet rising consumer expectations and increase industry penetration rates could make progress toward those goals by increasing their aesthetic intelligence. That’s the message from Pauline Brown, former chairman of the North American division of LVMH Moët Hennessy-Louis Vuitton — an enterprise that […]
Though the year is new, the top issues worrying the industry’s leaders are not — particularly the workforce crisis. Staffing is still top-of-mind for executives at companies such as Brookdale Senior Living (NYSE: BKD), National Health Investors (NYSE: NHI) and Senior Star. Labor expenses are climbing for many senior living companies across the U.S., and […]
Scottsdale, Arizona-based Cadence Living has taken over operations for a seven-property, 402-unit senior living portfolio in North Carolina owned by Griffin-American Healthcare REIT III. The assisted living and memory care portfolio was previously operated by Raleigh, North Carolina-based Carillon Assisted Living. Carillon also recently exited a nine-property portfolio owned by Chicago-based real estate investment trust […]
The ongoing, unprecedented wave of investors flocking to senior housing is contributing to a widening disconnect between mission-driven operators and investors pushing for larger, faster returns on their investments. Management fees paid to operators have emerged as one battleground leading to strained relationships and struggling projects. The root of the disconnect is in a lack […]
One of the largest senior living operators in the United States has gained further scale by taking over the management of a nine-property assisted living and memory care portfolio. Lake Oswego, Oregon-based Eclipse Senior Living assumed management of the communities effective Dec. 1. All the properties are located in North Carolina and will be under […]
It’s been an eventful and in many ways difficult year for the senior housing industry — and it’s not over yet. But as calendars turn over to December, it’s time to take stock. With that in mind, we’ve compiled some of the most vivid and powerful quotes that appeared in Senior Housing News this year. […]
I’m sick of hearing about career ladders. With workforce challenges putting senior living operators under intense pressure, I ask industry leaders about recruitment and retention strategies whenever I have a chance. Sometimes, people share interesting and effective ideas. Most often, though, I hear about career ladders. Or the benefits of having a strong, mission-oriented culture. […]
Ventas’ (NYSE: VTR) senior housing portfolio (SHOP) performance has lagged throughout 2019. That performance took a turn for the worse in the third quarter of 2019. A combination of market dynamics, particularly on pricing, surprised Ventas’ operating partners in Q3. Those conditions worsened over the course of the quarter, with occupancy taking a “precipitous leg […]
Eclipse Senior Living is making good on its multi-brand strategy with the launching of a high-end independent and assisted living offering dubbed Evoke. The Lake Oswego, Oregon-based company announced the news on Tuesday. The brand’s first development will break ground in Portland, Oregon, before the end of the year, with an expected early 2021 opening. […]