Fortune Magazine’s annual Best Workplaces in Aging Services list is once again populated by some familiar faces. Baltimore-based Brightview Senior Living took the No. 1 spot on this year’s list, while Chicago-based Vi was third on the list. Long-term care provider Citadel Healthcare was this year’s runner-up. The annual list ranks the top aging services […]
Sunrise Senior Living
Another high-rise senior living community from Welltower (NYSE:WELL), Sunrise Senior Living and Hines is coming together in New York City — and now it has a name. The three companies today announced the new project on New York City’s Upper West Side is called The Apsley by Sunrise. As planned, the 19-floor community will have […]
While occupancy and resident rates are ascending within Ventas’ (NYSE: VTR) senior living portfolio, the company has yet to reach its pre-pandemic margins. Although the company’s margins are now higher than they were in 2021, they still lag behind where they were in 2019, when same-store senior housing cash NOI margins were 29.4%. Still, management […]
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 Anthology Senior Living to develop Colorado community Anthology Senior Living is partnering with CA Ventures to develop a senior living community in Beaverton, Oregon. […]
“Plainly put, I think the industry to a large degree has built itself over the last 20 years on a model that today’s customer doesn’t want anymore,” Belmont Village CEO Patricia Will told me this week. Belmont Village and partner Greystar are trying to solve this problem by creating a new model, which they unveiled […]
Last week, we learned that Canyon Ranch CEO Jeff Kuster had joined the Sunrise board. When I saw the news, I immediately wondered what this would mean for the McLean, Virginia-based operator. Although Sunrise has been tight-lipped about its plans following the hiring of industry veteran Jack Callison as CEO in 2021, I believe the […]
Luxury wellness and lifestyle brand Canyon Ranch is once again in the senior housing mix,with the Tuesday announcement of the company’s CEO being named to the Sunrise Senior Living Board of Directors. Canyon Ranch CEO Jeff Kuster was installed on the board as Julie Dobson, who has been on the board since 2018, was named […]
Occupancy and rate growth among operators in Ventas’ (NYSE: VTR) senior housing portfolio helped the company see “outstanding” net operating income growth in the first quarter of 2022. The Chicago-based real estate investment trust (REIT) reported a 14.2% gain in net operating income (NOI) growth for its senior housing operating portfolio (SHOP) in 1Q22, excluding […]
Sunrise Senior Living and Ventas (NYSE: VTR) have entered into a revised management agreement that the companies say will help drive alignment and net operating income (NOI) growth in the months and years ahead. The new agreement consolidates multiple contracts between the two companies into a single master agreement and maintains the companies’ existing average […]
The Bristal Assisted Living opened the doors at its newest community this April, adding to a growing number of luxury senior living communities in New York City. The community, called the Bristal at York Avenue, represents the first venture into Manhattan for The Bristal Assisted Living – the assisted living and memory care brand owned […]