Intergenerational housing has become a growing trend within senior living in recent years. But there is a distinction between intergenerational and multigenerational housing that developers and operators need to be cognizant of as they incorporate multiple age groups as a component of larger developments. Additionally, there are lessons from Covid-19 that can be applied to […]
Generations LLC
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services. Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was […]
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 […]
Like other senior living providers, Generations LLC has faced lower occupancy rates and higher expenses due to Covid-19. But Executive Chairman Chip Gabriel is optimistic about what is in store for the Clackamas, Oregon-based provider. In particular, he is bullish on its slate of intergenerational and middle-market projects. And he believes that future operating models […]
Dealing with Covid-19 hasn’t been easy for Generations, but the company’s executive chairman is optimistic about recovery and is forging ahead with innovative middle-market and intergenerational projects. Since the outset of the pandemic, the Clackamas-Oregon, based senior living provider has watched its census decline by about 850 basis points, hitting revenue as expenses rose. “It’s […]
Big players in the senior living industry have for years targeted dense, populated markets for new projects or acquisitions — but these are far from the only opportunities out there. Other senior living companies have chosen the road less taken by focusing on less-dense secondary and tertiary markets such as Boise, Idaho; Omaha, Nebraska; and […]
Tyson Belanger has slept in his office since mid-March. Belanger, owner of Shady Oaks Assisted Living in Bristol, Connecticut, gave up his home next door to the 36-unit facility for staff members to live in during the coronavirus pandemic. Other staff are living in five recreational vehicles Belanger purchased, and still others are living in […]
Occupancy is one of the most important contributors to net operating income (NOI), but in the face of ongoing struggles nationally with oversupply, operators can continue to boost their NOI through other means. Because this is the case, those who focus too much on occupancy as a metric for the health of senior living communities […]
Capital One closes $109M loan to Meridian Senior Living Capital One served as the administrative agent for a $108.9 million loan to a joint venture owned by Sino-Ocean Capital and Meridian Senior Living. The borrower will use a portion of the proceeds to acquire two senior housing communities in Florida, the 106-unit Symphony at the […]
Urban markets, mixed-use developments and wellness-focused programming are all hot trends in senior living. One project in the Miami area blends all three and is nearing completion. Aventura ParkSquare (rendering above) is a $300 million, 7.4-acre project that will include a 141-unit assisted living and memory care community to be operated by Royal Senior Care, […]