“In 2022, this will continue to be the key priority for industry leaders: how do we continue to grow and evolve our business lines, which are strategic imperatives, in the face of day-to-day operational issues related to staffing? We need to be nimble enough to react quickly to all the changes coming at us with […]
Frontier Management
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
Raising rates can be a scary prospect for operators trying to recover occupancy in the age of Covid– but for Greg Roderick, CEO of Frontier Management, the alternative is even scarier. The Portland, Oregon-based organization is enacting a 10% rent increase across its portfolio in 2022 while raising care rates by about 10% to 20%. […]
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. Submissions are currently open. Construction: Planned Solar Panels Coming to Maryland Community Carroll Lutheran Village, a Lutheran Social Ministries of Maryland CCRC in Westminster, Maryland, is […]
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
Having transitioned out of 50-plus communities in two portfolios over roughly the last year, Senior Lifestyle Corp. is now rebuilding scale while continuing to navigate the challenges of Covid-19. The Chicago-based operator — which currently manages around 120 communities — is making progress on both those fronts, CEO Jon DeLuca and Vice Chairman/Chief Investment Officer […]
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. Submissions are currently open. Construction: Planned Trammell Crow Plans Mixed-Use Senior Living Development Near D.C. Real estate developer and investor Trammel Crow Company has announced plans […]
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. Submissions are currently open. In the Pipeline: Planned Atria, Welltower Among Project Partners for $300M Redevelopment in New Jersey Atria Senior Living, Welltower (NYSE: WELL), multifamily […]
Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]
When the pandemic hit last year and communities across the country closed their doors to the outside world, one common practice went by the wayside: multi-site staffing. In the pre-Covid days, it was common for senior living workers to move from one community to another, either within the same company or for different companies, sometimes […]