Strong Wait Lists, Flat Expenses: Senior Living Co-Ops Perform Strongly in Pandemic

Co-operative senior housing is weathering the pressures brought on by Covid-19 that are straining resources and operations across the greater industry. Sales of co-operative senior housing shares are strong. Turnovers of available units are selling as fast as they hit the market, and have deep wait lists of prospects waiting to buy. And overall expenses […]

Transactions & Financings: LCS Assumes Operations of Rose Senior Living; United Church Homes’ New Development Venture

Sales and operator transitions Life Care Services assumes management of former Rose Senior Living communities Life Care Services assumed management of six communities owned by Rose Senior Living, an operator based in Bloomfield Hills, Michigan. The communities include: Heritage at Irene Woods, Memphis, Tennessee Rose Senior Living and Rose Villas, Avon, Ohio Rose Senior Living, […]

6 Senior Living Providers to Watch in 2020

Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]

Movers & Shakers: New Ecumen CFO; Welltower Names Global Head of Senior Housing

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Why Co-Op Senior Housing Is Ready for Primetime

Cooperative housing remains a niche within senior living, but the model is slowly growing. It has become a competitive option in some markets, and may gain further traction by addressing several pressures facing the industry. For example, co-op housing can be leveraged to meet the growing demand for middle-market senior housing. In addition, there are […]

Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership

HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust […]

Senior Living Providers Add Chief People Officers as Workforce Challenges Mount

With unemployment rates dipping below 3% in states across the country, senior living workforce challenges are only becoming more acute. And like other industries, senior living providers see labor as an issue requiring dedicated C-suite leaders and are appointing chief people officers. Recently appointed chief people officers, such as Misti Powell at Civitas Senior Living […]

Civitas, Ecumen Name New Chief People Officers

Two regional senior living operators that have shaken up their executive ranks in recent months made moves to bolster their companies’ cultures and training programs this week. Civitas Senior Living promoted Misti Powell to the role of chief people officer. Powell, a co-founder of Ft. Worth, Texas-based Civitas, was most recently the company’s senior vice […]

Ecumen Names Shelley Kendrick as New President and CEO

Ecumen, one of the nation’s largest nonprofit senior housing and services providers, has named Shelley Kendrick as CEO and president, effective Feb. 4. Kendrick joined Ecumen in 2012 as vice president of operations and currently is COO. She succeeds Kathryn Roberts, who has been CEO since 2003. Roberts indicated to Ecumen’s board last year that […]