Ventas (NYSE: VTR) is seeking to further ramp up its investments in senior living in the months ahead as it continues to push margins and occupancy higher in its senior housing operating segment. In the third quarter of 2024, Chicago-based real estate investment trust (REIT) invested nearly $937 million to acquire 26 properties for its […]
Sinceri Senior Living
Building in more flexibility to worker schedules is not a new strategy for the senior living industry. But in 2024, operators are still tweaking those strategies to improve their staffing practices. The concept has worked well in other customer-facing industries. After global retailer Ikea faced a turnover problem in 2022 and 2023, the company implemented […]
This article is part of your SHN+ subscription Senior living operators are now picking up the pace with occupancy,approaching – and passing – census levels last seen in 2019. Signs of the race for occupancy speeding up are apparent, given the broader industry’s 11th consecutive quarter of census growth. Some of the industry’s prominent operating […]
New federal rules are banning non-compete agreements and grant overtime pay protection to workers who previously lacked it. One rule will likely have more of an impact than the other. In April, the Federal Trade Commission (FTC) issued a final ruling to ban noncompetes. In the same month, the U.S. Department of Labor announced a […]
Sinceri Senior Living has grown its national footprint to more than 80 communities by taking over seven communities recently acquired by Ventas (NYSE: VTR), with more expansion on the way soon. Ventas acquired the Magnolia Springs communities for $143 million and assigned Sinceri as the operator, the Chicago-based real estate investment trust (REIT) previously noted […]
Management Charter Senior Living now managing 13 Illinois, Wisconsin communities Charter Senior Living announced it is now the management company for 13 senior living communities in Illinois and Wisconsin. According to a press release, the communities were previously managed by Cedarhurst. The announcement follows recent growth from Charter Senior Living, including two gorundbreakings in West […]
In the Pipeline is part of your SHN+ subscription 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: In Progress Affordable community receives $2M grant for renovation Culpepper Garden, an affordable senior housing community […]
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Last year, HumanGood CEO John Cochrane noted how the industry was shifting from a period of crisis to one of stability. This year, his message for senior living operators is even clearer: “Buckle up and start your engines.” “The new year could bring some of the biggest opportunities in our lifetime,” he said. “We are […]
While staffing issues have moderated slightly from the doldrums of three years ago, senior living operators are still working to solve turnover rates among their ranks using initiatives to improve retention. In a new environment in which wage rates are seemingly permanently elevated compared to just a few years ago – with workers worthy of […]