New Competition Drives Senior Living Nonprofits to Mull Unconventional Ideas

Senior housing and care nonprofits simply can’t do things the same-old way — especially as for-profit providers ratchet up the pressure in many markets across the U.S. That was among the top takeaways during a Tuesday afternoon session at this year’s LeadingAge Illinois Meeting & Expo in the Chicago suburb of Schaumburg, Illinois. The discussion […]

More Nonprofit Senior Living Providers Partner Up to Survive and Thrive

As headwinds continue to batter the senior housing industry, some not-for-profit providers are looking to partnerships or mergers as a way to grow scale in order to thrive — or in some cases, simply survive. “In the last three years, a number of organizations are saying, we could go on independently … but where do […]

Nonprofits Must Adapt Faster to Senior Living Disruption

Senior living nonprofits must learn to cope with industry disruption soon — or communities could become places that people would prefer to avoid. “If we’re not able to move forward, we risk becoming sort of like the outhouse: functional, workable, but not your first choice,” said Steve Jeffrey, chief strategy and innovation officer for Garden […]

Senior Communities Become Key Testing Ground for Self-Driving Cars

Autonomous vehicles are not yet a common part of everyday society, but the foundation is being laid, with retirement communities at the forefront of developing this technology. One company, Voyage Auto, is already testing out self-driving vehicles in senior living settings with an eye toward the future. Voyage, a Santa Clara, California-based driverless vehicle service, […]

Average Assisted Living CFO Salary Topped $127,500 in 2018

Wages rose for many assisted living employees in 2018, with CFOs, CEOs and presidents unsurprisingly still among the highest-paid. That’s according to a Senior Housing News analysis of the most recent Assisted Living Salary & Benefits Report from the Hospital & Healthcare Compensation Service, an annual release that is produced with support from LeadingAge and […]

Demand Grows, Challenges Increase for Senior Housing in Low-Density Markets

The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]

LeadingAge, Ziegler Expand Largest Nonprofit Senior Housing Providers List

Industry association LeadingAge and specialty investment bank Ziegler’s list of the nation’s largest nonprofit senior housing providers grew a bit this year. The 15th annual LeadingAge Ziegler 200 (LZ 200), published Monday, ranks the largest not-for-profit systems providing aging services through senior living in the United States, in order of total owned market-rate units, as of the […]

Beyond Millennials: Senior Living Must Now Win Over Generation Z Workers

The leading edge of the “generation Z” age group has joined the U.S. workforce, meaning senior living providers need to be thinking about how to attract and retain them as employees. As the industry grapples with a labor crunch, the difference between staffing success and failure may hinge on operators’ ability to entice members of […]

Facing ‘Fire Hose’ Of Innovation, Senior Living Ups Its Game

Many senior living operators are struggling to keep pace with technological innovations. For every forward thinking operator, there is another lagging behind. Not only the pace of innovation but the costs to prepare for it can be overwhelming, Jodi Guffee, Chief Operating Officer of Radiant Senior Living in Portland, Oregon, told Senior Housing News. “If you took […]

Movers & Shakers: Arbor Realty Trust, Blueprint, LeadingAge

Arbor Realty Trust Hires Executive Vice President and Chief Production Officer Arbor Realty Trust has appointed Frank Lutz as its new executive vice president and chief production officer. In his new role, Lutz will oversee all of Arbor’s agency lending platforms as it relates to business development and the firm’s national production network and originations team. […]