Earlier this spring, I received a LinkedIn message related to the future of the TPG/Sabra Healthcare REIT (Nasdaq: SBRA) joint venture senior living portfolio, operated by Enlivant. The message was from a relative of a resident, sharing a letter stating that a new operator would soon be taking over. I eventually learned the future operator […]
Majestic Residences
Small-home senior living franchise company Majestic Residences has big plans to scale up its stable of small-home franchisees in the coming years — and to help get there, the company is taking a cue out of the McDonald’s (NYSE: MCD) playbook. Majestic Residences CEO Chuck Bongiovanni told Senior Housing News that the Gilbert, Arizona-based company […]
The small-house senior living trend is only growing — and a handful of trends are helping to shape how the product type is evolving. Interest in small-home senior living has swelled in recent years and operators and developers have entered the arena with a bevy of new designs and philosophies. Small home senior living gained […]
One of the largest home care providers in the United States has ramped up its investment in small-home senior living with the launch of a new brand. BrightStar Care has announced a new small-home assisted living and memory care franchise brand called BrightStar Care Homes. Unlike the company’s BrightStar Senior Living franchise communities, which typically […]
Interest in the small-house senior living trend has smoldered over the last few years — but a recent Wall Street Journal story tells me there is much more fuel left to burn in that fire. The article published last week revolves around Bill Thomas’ plans for his Kallimos Communities concept. While I was encouraged to […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
Small-home senior living has grown in recent years from a relatively niche product type to one that is garnering increased interest amid the Covid-19 pandemic. These days, the small-home senior living sector includes everything from single-site residential properties to high-rise buildings with small-home wings on multiple floors. But the product type is still evolving, and […]
Despite rising construction costs and delays caused by supply chain disruption, now is the time to get aggressive on senior living development pipelines. That was the message shared by Atria Senior Living CEO John Moore and Maplewood Senior Living CEO Gregory Smith at our recent BUILD conference in Chicago. Moore commented that it’s time to […]
Ventas (NYSE: VTR) is raising more money to shore up its financial position in the wake of its acquisition of New Senior Investment Group (NYSE: SNR). The Chicago-based real estate investment trust (REIT) announced a public offering of $500 million in senior notes at 2.5% interest, due in 2031. The notes are being issued by […]
Long-established Beehive, home care mainstay BrightStar and newcomer Majestic offer different franchise models It isn’t a boom yet, but interest in franchise ownership of senior living properties has grown recently, and this model shows signs of becoming more prevalent as baby boomer demand gains strength in the coming years. Franchise-based senior living already was gaining […]