The pent-up demand wave has crested for MBK Senior Living, and now the operator is looking forward to a period of significant growth wherein the company could triple in size in the coming years. The Irvine, California-based operator currently manages 32 communities, totaling about 3,500 units in six states. But MBK President Jeff Fischer has […]
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
For many senior living providers, sales cycles changed dramatically as the Covid-19 pandemic took hold last year. With the pandemic’s end still not in sight and the recent dominance of the delta variant, when the industry will settle into a new sales status quo is anyone’s guess. But there are some who see signs emerging […]
U.S. News & World Report — which issues influential rankings of hospitals, nursing homes, universities and other businesses — is turning to senior living. The publication plans to rate* U.S. senior living brands based on standardized consumer input gathered through surveys created by Activated Insights. Activated Insights is the organization that is also behind the […]
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Senior living sales and marketing teams launched a digital transformation during Covid-19. Providers realized the importance of paid and earned social media to drive lead generation. Virtual tours became the norm as communities across the country contended with lockdowns. And investment in digital platforms continues to increase. Messaging has also evolved at a fast pace. […]
Referral streams that were frozen at the outset of the pandemic are starting to thaw as pent-up demand returns to the industry. Data from senior living sales and technology companies Sherpa and Enquire, along with firsthand accounts from senior living providers, tell the story that many referral sources are returning to life across the industry […]
Brightview Senior Living and Summit Vista are the top workplaces in senior living for employee satisfaction, according to this year’s Best Workplaces in Aging Services list. Baltimore-based Brightview, which operates a portfolio of 42 communities, took the No. 1 spot among large providers for the second year in a row; while Summit Vista, a life […]
A surge of Covid-19 cases in locations across the United States is putting pressure on senior living providers that are eager to pivot to a “next normal” after months of strict protocols. Nearly four months after the virus spread quickly across the country, confirmed Covid-19 cases are rising in 40 states, and new hotspots have […]
KeyBank secures $84M financing for 11-property Midwest Health portfolio. A KeyBank Real Estate Capital team led by Vice President Lee Delaveris secured an $84 financing package through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned and operated by Midwest Health. The portfolio comprises 584 units with properties located […]
