With positive momentum on occupancy and margin in 2024, the senior living industry is poised to capitalize on incoming demand — but many challenges remain. These challenges include still-tough development conditions as the supply and demand gap widened this year, which led to investors and developers in the space mostly shying away from rapid new […]
Architects and developers are finding ways to get creative with the practice of adaptive reuse, where old buildings are converted into new senior housing offerings. While the practice isn’t for the faint of heart due to the costs and challenges with bringing buildings up to code, it comes with unique opportunities and marketing possibilities once […]
Five Star Senior Living and Life Care Services took the top spots in the J.D. Power 2024 U.S. Senior Living Satisfaction Study. Five Star Senior Living took the top spot among assisted living and memory care family members and decision-makers with an overall satisfaction score of 877. Senior Lifestyle came in second, with a score […]
When Senior Lifestyle CEO Jon DeLuca evaluated 15 months ago how the company’s 125 communities delivered care to residents, what he saw was a need for something better. “We kept seeing a lot of variability building to building on how care was being provided,” DeLuca says. “That inconsistency in care could impact, and did impact, […]
A senior living industry veteran with more than 30 years of experience, including as a CEO, has joined Chicago-based Senior Lifestyle as its top leader for new investments. The company on Tuesday announced that John Rimbach had joined as chief investment officer. In the role, he will manage the company’s investment strategies and financial growth, […]
U.S. News has released its third “Best Senior Living” list, with companies including Brookdale Senior Living (NYSE: BKD), LCS and Brightview Senior Living near the top of the stack. . Of the more than 3,500 communities that were surveyed, 1,703 were recognized as “best” in one or more of the available categories, which include best […]
After a slower start than many operators had hoped in 2023, the senior living industry is poised to regain pre-pandemic occupancy in 2024 – but many of the pandemic era’s challenges still remain. Challenges for the year ahead include finding ways to grow as new development remains tough, navigating lingering high expenses, staffing communities with […]
Senior Lifestyle CEO Jon DeLuca thinks that 2024 will not be the senior living industry’s year for new development. That said, he is not pessimistic about the road ahead. Although Chicago-based Senior Lifestyle has grown to around 125 communities over the years in the affordable and market-rate senior housing sectors — much of that through […]
This article is part of your SHN+ subscription Some notable news broke on Tuesday night: the acquisition of a 113-bed assisted living and memory care community in Brentwood, Tennessee. I know that sounds more like a modest deal rather than headline news, but the transaction could have a big impact on the sector, if the […]
Brookdale Senior Living, Atria Senior Living and LCS have maintained their top three positions as the country’s largest senior living operators, according to Argentum’s 2023 Largest Providers Report. The report, released Sept. 14, ranks U.S. senior living operators on a variety of self-reported metrics, including total units and total employees. It also showcases some of […]
