When Chris Guay founded Vitality Living, he was frustrated at the industry’s slowness to innovate. Now, he believes that more operators have started “think differently” — and he anticipates that the next 10 years will bring significant, positive change. Vitality itself is changing, by opening its first active adult project. The company is also taking […]
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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 […]
Senior housing has long been viewed as a growth sector due to the wave of aging Americans expected to move into senior living communities in the coming decades. Yet when it comes to financing new development and expansion, not all lenders are created equal. Some lenders have been attracted to the space by favorable demographics, […]
In the post-pandemic age, prospective residents and their families will crave more information than perhaps ever before. In turn, providers should prepare to be more transparent about infection rates, safety protocols, vaccination rates, and other quality indicators, according to Marvell Adams Jr., COO of Kennett Square, Pennsylvania-based The Kendal Corporation. Adams has been working to […]
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