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The Springs Living
When I recently asked Welltower (NYSE: WELL) CEO Shankh Mitra why the company pursued IRS approval to self-manage independent living assets, he replied with a question of his own. “Do you not know the state of our industry?” he asked. The sector continues to fall woefully short in attracting customers, has failed to create a […]
The National Investment Center for Seniors Housing & Care (NIC) is pursuing a new strategic plan, President and CEO Ray Braun announced Thursday at the organization’s spring conference in San Diego. “This is a time of change, challenge and opportunity for the senior housing and health care sectors,” Braun said. “The NIC strategic plan positions […]
The pace of recovery has come at different speeds for senior living operators due to a variety of factors — but one that does not seem to be having a large effect on recovery in 2023 is whether they are in a primary or secondary market. Demand for senior living services remains strong for the […]
Supply chain issues are still causing significant pain in the senior living industry, and while many executives believe those challenges will improve in the first half of 2023, others see relief further down the road. In the meantime, operators are taking action to improve their strategies by increasing the number of suppliers they use, adding […]
Senior living is at an important crossroads at the dawn of 2023. The new year will surely bring new and important opportunities for operators to grow beyond pre-pandemic results. But elevated expenses and staffing are fixed challenges that are not going away with the new year. To LCS CEO Joel Nelson, 2023 is a time […]
Each passing year brings closer the huge demand wave for senior living. And as 2023 begins, providers are more focused than ever on the next generation of consumers — but also are struggling to find ways to evolve the product as needed. The struggle is due to economic turmoil and uncertainty, with tight labor markets, […]
The Springs Living had already hired chefs from Columbia for its newest community in Bozeman, Montana. But, there was a problem in that they had nowhere to live. In early 2020, Bozeman was in the midst of an explosion of its already-crowded real estate market, making finding housing hard. That is not to mention the […]
After a difficult 2020 and 2021, the senior living industry seemed to hit its stride in 2022. With occupancy on the rise and a demand wave on the horizon in the form of the baby boomers, 2023 is shaping up to be a crucial year for growth and evolution. That said, the industry has many […]
The Springs Living CEO Fee Stubblefield sees a tough year ahead for senior living development fraught with new and old headwinds. Even so, he is moving forward with new projects and initiatives that will help shape the company’s future. Chief among those is a $230 million community underway in Vancouver, Washington, that Stubblefield believes represents […]
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