In the Pipeline is part of your SHN+ subscription 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: Completed HumanGood completes $35M redevelopment of California community The Gardens in Glendale, California, a HumanGood community, […]
HumanGood
Affiliations HumanGood, Pleasant Spring Communities affiliate Nonprofits HumanGood and Pleasant Spring Communities announced the affiliation of their organizations on Feb. 1. According to a press release, Pleasant Spring Communities oversees Springhouse and Mount Pleasant Home, and the affiliation will allow the communities to “enhance their operational efficiencies, streamline processes and introduce innovative programs” by having […]
Last year, HumanGood CEO John Cochrane noted how the industry was shifting from a period of crisis to one of stability. This year, his message for senior living operators is even clearer: “Buckle up and start your engines.” “The new year could bring some of the biggest opportunities in our lifetime,” he said. “We are […]
A HumanGood community, a community that recently changed hands and a community with hospitality “DNA” have taken the top three spots in a new list ranking the top 250 continuing care retirement communities (CCRCs) in the U.S. The “America’s Best Continuing Care Retirement Communities” list, publicized Wednesday, is yet another effort from a national organization […]
Transactions Grandbridge Real Estate Capital facilitates sale of communities Grandbridge Real Estate Capital’s senior housing investment sales team announced the sale of three senior housing communities in Florida on behalf of a national real estate investment trust (REIT). The communities were sold in June and August in separate transactions. Two of the properties were sold […]
Telemedicine and artificial intelligence (AI) are helping to take the senior living industry to its next evolution by improving operations and care, while helping solve chronic staffing issues. From cutting down on operating expenses and the time it takes to craft an annual budget, AI has helped improve back-office functions for operators, while simultaneously improving […]
When I recently asked Welltower (NYSE: WELL) CEO Shankh Mitra why the company pursued IRS approval to self-manage independent living assets, he replied with a question of his own. “Do you not know the state of our industry?” he asked. The sector continues to fall woefully short in attracting customers, has failed to create a […]
Earlier this week, Omega Healthcare Investors (NYSE: OHI) announced a lease restructuring with Maplewood Senior Living, which is experiencing a modest cash crunch. The news underscores just how uncertain the year ahead is for senior living. Maplewood is a luxury operator with healthy occupancy and has pushed through notable rate increases, yet lease-up issues and […]
One of the 10 most-read stories on Senior Housing News last year was our coverage of the Cogir and Cadence merger, announced in November. In 2023, expect more deals of this type — and larger ones — to reshape the senior living operator landscape. In fact, Senior Housing News today broke the news of Solvere […]
With a pandemic, staffing woes and operational headwinds serving as the backdrop, the senior living industry has spent the last two years lurching from one crisis to another. In 2023, that must end. That is the belief of HumanGood CEO John Cochrane. As he surveys the industry, Cochrane still sees plenty of operational areas requiring […]