This is part of your SHN+ subscription A new group of senior living leaders is infusing their companies with new plans and philosophies that will help chart the way forward for the senior living industry’s future health. One can look directly at recent announcements of incoming CEOs or companies making distinct succession plans to see […]
Revel Communities
This article is part of your SHN+ subscription Staffing costs. Debt service. Insurance premiums. These are just some of the line items operators are still grappling with in 2024. In the last four years, senior living expenses have not been stable. While the cost of certain goods and services has moderated, others have increased; and […]
Senior living operators have relied on resident rate increases to recoup margins lost over the last four years, but the days of pushing steep increases onto consumers is coming to a close. Instead of pushing through big rate increases, providers are expanding ancillary service offerings in ways that include launching affiliated businesses and standing up […]
This story is part of your SHN+ subscription As senior living operators wind down their operations for 2023, many can look back and see a year of hard-fought recovery. But the road ahead is fraught with challenges as providers continue to focus on occupancy and margins. The demand outlook for senior living is favorable for […]
This article is part of your SHN+ subscription Senior living operators have for the last three years felt the sting of higher expenses in their annual budgets as certain line items remain costly. Looking ahead, many operators do not see that changing. While staffing still makes up the lion’s share of most operators’ expenses, the […]
This article available as part of your SHN+ membership From short-term stays to membership programs that set more creative pricing for residents, the senior living industry can go much bolder when it comes to revenue streams. That’s according to Revel Communities COO and EVP of Resident Experience Danette Opaczewski, who weighed in on the topic […]
Revel Communities has announced the rollout of a new resident membership model and website, with a focus on “self-service, convenience and price transparency.” The Scottsdale, Arizona-based company — which is a division of The Wolff Company — on Wednesday announced the new program, which is being rolled out across the operator’s 13 communities across the […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Ryan Companies to build new Seattle community for Aegis Living Ryan Companies U.S. will build a new senior living community in Seattle, Washington for […]
Last week, news broke that entrepreneur Adam Neumann — of WeWork fame, or infamy — now wants to transform residential real estate. And he has $350 million from Andreessen Horowitz backing his venture, dubbed Flow. Details about Flow are sparse, and WeWork’s tailspin made Neumann look more like a pariah than a visionary. Still, I […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned WesleyLife to build new Meals on Wheels location WesleyLife will transform a building in the Drake University neighborhood of Des Moines, Iowa into a […]
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