Luxury Highrise CCRC The Clare Sold for Reported $105M

A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]

Building on 100% Occupancy for Consistent Senior Housing Success

Though the accomplishment of achieving an occupancy rate of 95% or higher may have lost its luster for some industry analysts, the distinction still carries weight for many senior housing providers, and has become an integral component for many communities in their marketing and sales strategies. This is certainly true at Houston-based Belmont Village Senior Living, according to Carlene Motto, executive vice president and […]

CCRCs Flying High on Economic Tailwinds

Good times are here for many continuing care retirement communities (CCRCs). The boom times for CCRCs—or “life plan communities,” depending on who you ask—was predicted earlier this year by Marcus & Millichap. The national real estate brokerage firm anticipated that CCRCs would be the only senior housing asset class to see an overall increase in occupancy in 2017. CCRCs […]

The 21st Century Senior Living Community: Residents Speak, Tech Delivers

The 21st Century Senior Living Community is a series brought to you by CDW, a provider of technology solutions and services focused exclusively on serving the healthcare marketplace. The series takes a clear-eyed look at how leading providers and their partners are creating the next generation of senior living communities by raising the bar on services, design, and technology. “Alexa, […]

Dished: Most Popular Cocktails in Senior Living

From onsite pubs and Bloody Mary bars to home brewing beer, senior housing as of late has aimed to appeal to the happy hour lover in every resident. Nearly 70% of assisted living residents drink alcohol—and more than one-third drink daily, according to a University of Pittsburgh study published in Research on Aging in 2012. […]

Dished: Inside a High-Rise CCRC’s Upscale Dining

Experience is the name of the game when it comes to senior living dining, and The Clare, a 53-story high-rise continuing care retirement community (CCRC) in Chicago’s Gold Coast neighborhood, spent millions of dollars to provide residents with ultimate dining experiences. In late April, The Clare debuted new dining options to go above and beyond growing […]

3 Ways to Master the ‘Art’ of Senior Living

Whether repositioning an older community or building fresh from the ground up, decorating can make or break a senior living project. Sure, some senior living facilities boast world-class art—but not every community is going to have this opportunity. Every provider can, however, use artwork to increase resident satisfaction and drive interest in its communities. Senior Housing News […]

Top Senior Living Design Trends for 2016

Given the rapid pace of innovations in senior housing design, it can be difficult for communities to prioritize and focus when building new spaces or completing renovations. Between establishing an environment where seniors can thrive and adhering to their distinct tastes—not to mention sticking to a budget, meeting codes and regulations and other challenges—the task indeed can […]