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: In progress Construction Underway for $140 Million Life Plan Community in Colorado Presbyterian Manors of Mid-America (PMMA) has broken ground on a new life plan […]
Senior living providers recovering from the pandemic are using discounts and concessions to regain occupancy, raising concerns about price wars as companies across the industry strive to rebuild occupancy. In November 2020, providers such as Five Star Senior Living (NYSE: FVE) were already observing deep discounts and concessions in the market. Other data, including mystery […]
While senior living capital expenditure allocations were gradually increasing before the Covid-19 pandemic, some leaders were concerned that investment in buildings still was insufficient and leading to an impending crisis related to obsolescent properties. Today, issues with buildings pre-pandemic have only been exacerbated by the virus, making CapEx investment more vital, even as such spending […]
Senior living providers across the country continue to grapple with the ongoing impact of Covid-19. The current landscape, however, can be an ideal foundation for providers to take stock of their current development and operational issues, and retool for a post-coronavirus world. Many providers are retooling development plans to meet current and future demand, and […]
“We won’t go back to the way we were. The new normal will not be the old normal.” These words were spoken last week by Beth Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC). But, it was a sentiment that many people have been expressing over the past month, […]
Amy Alvarado-Plank, director of sales and marketing for Legacy Pointe at UCF, knew she had a problem. Lunch and learn events were a key sales strategy for the life plan community under construction on the campus of the University of Central Florida in Orlando, averaging around 25 prospects per session. But seniors began canceling their […]
Faced with rising liability insurance costs, senior housing providers are working with insurers and insurance brokers to address the issue by identifying and managing risks. Liability insurance rates are expected to rise by as much as 30% in 2019, according to insurance broker Willis Towers Watson. The growth in claims, payouts and settlements is so […]
There’s been some uncertainty about the future of continuing care retirement communities (CCRCs)—whether they will appeal to the next generation of seniors, or whether their pricing model will deter those potential residents. In reality, though, CCRCs are likely here to stay, Greystone Communities co-CEO John Spooner told Senior Housing News. Irving, Texas-based Greystone is a management consulting […]
Réseau Selection Expands Presence in Greater Montréal Réseau Sélection has acquired three independent living communities in the Greater Montréal area, giving the company more than 40 residences in the region. Réseau acquired the three properties—Cherbourg I and Cherbourg II of the municipality Brossard and Le Graham in the Town of Mount Royal—from Prével Retraite and the Fonds immobilier de solidarité […]
Executives at not-for-profit senior living companies are largely optimistic about the economy and are pursuing expansion plans, positioning for growth as they face increased competition from for-profit peers and other threats. Compared with last year, 41% of nonprofit executives are more optimistic about the current economic outlook, according to survey findings from Irving, Texas-based Greystone Communities and […]
