This article is part of your SHN+ subscription Senior living operators in recent years have moved beyond occupancy recovery mode and are refining their approach in securing stronger margins. Providers have pushed to improve census in the last 12 months, and that has led to the industry reaching an average occupancy of 87.2% through the […]
This story is part of your SHN+ subscription In 2025, demand is surging. The rate of newly built communities is not. If the industry does not move faster and conditions persist into next year, it will run into challenges as it seeks to grow for the boomer generation. A big development rebound is unlikely for […]
Phoenix Senior Living has promoted Seth Pesek into a newly created president role in an effort to prepare for its next growth phase. Pesek stepping into the new job represents a “significant milestone” for the company, which CEO Jesse Marinko founded about a decade ago. “It was about timing and alignment,” Marinko told Senior Housing […]
This story is part of your SHN+ subscription Senior living companies have hit the ground running in 2025 revamping their leadership org charts as a new generation of leaders prepares to take the industry into its next chapter. Companies including Welltower (NYSE: WELL), United Church Homes, Distinctive Living, Pegasus Senior Living and Watermark Retirement have […]
Pegasus Senior Living has bolstered its leadership team to better prepare the operator for new growth in the coming year. The Dallas, Texas-based company on Tuesday announced Rich Williams and Wade Mullis are ascending to the roles of co-presidents of the company. Williams works as the company’s COO, while Mullins is CFO and chief investment […]
If you ask Experience Senior Living CEO Phill Barklow, the senior living industry has an opportunity to kick growth into higher gear in 2025. But industry’s goal to “thrive in 2025” is contrasted with many operating challenges operators face in their plans for new growth. In working to narrow the supply-demand gap as development remains […]
Transactions American Healthcare REIT acquires four communities Cogir Management and American Healthcare REIT have expanded their relationship with the acquisition of four more communities in Washington. According to a press release, the portfolio consists of 207 assisted living and memory care units and allows Cogir to operate in Washington, California, Utah and North Carolina for […]
This article is part of your SHN+ subscription In 2024, many senior living operators have shifted from raising rates to keeping them where they are, and even offering discounts. As they do so, they must walk a fine line. On one side of the coin, concessions and discounts provide a short-term financial boost to a […]
Pegasus Senior Living is now managing a portfolio of eight senior living communities in Texas and New Mexico previously operated by LifeWell Senior Living. The portfolio includes 652 assisted living and memory care units and represents LifeWell’s Legacy-branded portfolio, Pegasus Senior Living CEO Chris Hollister said. The transition is set to take effect Sept. 1, […]
This story is part of your SHN+ subscription Since the start of the pandemic, senior living operators have grappled with staffing woes. Executive directors are particularly hard to hire and retain. Long hours and a generally tough job have contributed to burnout and higher turnover among executive directors in recent years. And given the training […]
