Investing in CapEx and refreshing older properties has always been part of the senior living real estate cycle. In 2024 as new development remains tough, the practice has taken on a new importance. How and why senior living operators undertake CapEx projects has shifted in recent years as operators have prioritized meeting the needs and […]
Five Star Senior Living and Life Care Services took the top spots in the J.D. Power 2024 U.S. Senior Living Satisfaction Study. Five Star Senior Living took the top spot among assisted living and memory care family members and decision-makers with an overall satisfaction score of 877. Senior Lifestyle came in second, with a score […]
This story has been updated with more details on Thursday, Aug. 15 LCS CEO Joel Nelson will step down next year, and current LCS President and COO Chris Bird will become the company’s fifth leader in its 53-year history. Under the planned leadership transition, effective Jan. 1, 2025 and announced today, Bird will lead the […]
Management LCS expands partnership with Longview Senior Housing Life Care Services announced on Aug. 1 that it has expanded its partnership with Longview Senior Housing after being selected as the management partner for three more Longview properties. According to a press release, the communities include The Emerson at St. Peters, Bellingham at West Chester and […]
Management Life Care Services to manage Florida community Life Care Services announced it has been selected as the management partner for Amavida, a resort-style senior living community in Fort Myers, Florida. According to a press release, the community was recently purchased by a private investment firm and offers independent living, assisted living and memory care […]
Senior living operators are in 2024 finding ways to increasingly cut down on labor expenses. With agency staffing use trending downward, reducing overtime is a big focus. To some in the industry, it’s a “stubborn sliver.” To others, it’s a “mild headache” compared to the cost of agency staffing. But the bottom line is that […]
U.S. News has released its third “Best Senior Living” list, with companies including Brookdale Senior Living (NYSE: BKD), LCS and Brightview Senior Living near the top of the stack. . Of the more than 3,500 communities that were surveyed, 1,703 were recognized as “best” in one or more of the available categories, which include best […]
A charitable organization that offers assistance to people in the movie and TV industries has sold land to a developer in Los Angeles with plans for a new senior living community. The Motion Picture and Television Fund (MPTF) recently sold a 19-acre property on the storied Mulholland Drive to the California Commercial Investment Group for […]
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Life Care Services, Atria Senior Living and Frontier Management took the top three spots in this year’s J.D. Power 2023 U.S. Senior Living Satisfaction Study. Life Care Services ranked highest in independent living resident satisfaction for its fifth year in a row with a score of 827. In second place was Five Star Senior Living, […]
