From the effects of the delta variant to a worsening labor crisis, the senior living industry faces myriad challenges — but there are also powerful tailwinds that are propelling a pandemic recovery and should lead to a bright future for the sector. The recent experience of Bild & Company Founder and President Traci Bild illustrates […]
Across 15 different lenders, there were over $1 billion in loans tied to senior housing communities delinquent for over 60 days in the first quarter of 2021. And foreclosures totaled nearly $54 million during this period. But the pace of loan delinquency has declined significantly from its Q3 2020 peak, according to a new lending […]
Occupancy for life plan communities held steady at 84.4% in the second quarter of 2021, still down nearly 5% compared to the previous year. And there are notable disparities in the occupancy rates between entrance fee-based life plan communities and their rental counterparts, as well as nonprofit and for-profit campuses. That’s according to a new […]
Recent data showed senior living occupancy remained flat in the second quarter of 2021, prompting renewed doubts about the pace of Covid-19 recovery. With this as the backdrop, providers are hoping that Q3 2021 will result in a seasonal occupancy uptick, and then some — but that result is uncertain. There is reason for some […]
Covid-19 dramatically highlighted that senior living communities are health care settings. With that comes an increasing belief among prospective residents and their families that operators will assume primary responsibility coordinating care. Operators recognizing the shift have been able to create an integrated model, blending the hospitality aspects of senior housing with providing primary care and […]
Average senior housing occupancy in large metro markets did not inflect upward in the second quarter of 2021, largely due to a steady stream of new community openings. Occupancy hit a record-low of 78.7% during the second quarter of 2021, according to the latest NIC MAP Vision figures. That represents no change from the first […]
Rental active adult communities were among the senior housing product types with strongest growth rates, prior to Covid-19 — and the segment proved to be very resilient throughout the pandemic. Active adult communities generated more interest from prospective renters, compared to independent living. Sales and marketing teams spent less time converting leads into move-ins. And […]
The U.S. economy is in the grip of a labor crunch, with headlines blaring about worker shortages across industries from trucking to hotels to banking. The senior living industry has not been spared from pandemic-related workforce challenges — but the current difficulties might only be worsening a system that was already under immense pressure before […]
The pressures of the Covid-19 pandemic have led to many changes in the way senior living communities are operated — but it has not led to radical new ways communities are valued. That came as a surprise to Morgin Morris, senior vice president at KeyBank. “This equation — the way that bankers and equity investors […]
A slight majority of communities reported no deaths related to Covid-19 in 2020. That’s according to a new study released Thursday by NORC at the University of Chicago, which reveals the extent to which Covid-19 impacted senior care settings across different levels of care. Notably, two-thirds of independent living communities studied reported no deaths from […]
