Favorable supply-demand dynamics are creating a “multi-year window” with which to regain occupancy and elongate margins, according to Ventas (NYSE: VTR) CEO Debra Cafaro. In the fourth quarter of 2022, same-store occupancy for the company’s senior housing operating portfolio (SHOP) segment hit 82.5%, representing the higher end of the company’s previous guidance for growth. That […]
Margin compression is forcing senior living providers to reconsider some of the most fundamental aspects of the traditional operating model. This was one takeaway from the American Seniors Housing Association (ASHA) conference that took place earlier this week in Scottsdale, Arizona. Covid-related margin pressure has been exacerbated by cost inflation and staffing pressures. After two […]
Ventas (NYSE: VTR) has named senior living industry veteran Justin Hutchens to the role of chief investment officer (CIO), expanding his role with the real estate investment trust. The Chicago-based REIT on Monday announced it had combined Hutchens’ executive vice president role with the CIO position, a move that tasks the leader with overseeing 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 Internal Revenue Service (IRS) recently granted a favorable decision for Welltower (NYSE: WELL) regarding its management of 45,000 IL units, according to the real estate investment trust’s presentation at Nareit’s REITworld conference. On Nov. 7, the IRS concluded that a portion of the Toledo, Ohio-based REIT’s IL communities were “not classified as ‘health care […]
Discovery Senior Living is catering to the evolving preferences of the incoming baby boomer generation with a new brand of experience-focused communities called Choreograph. As planned, Choreograph communities will focus on experiences it can curate for residents. For example, the Bonita Springs, Florida-based company is opening a new community near the University of Florida in […]
Pricing power and demand indicate continued growth toward pre-Covid-19 senior housing margins for Ventas (NYSE: VTR), but with macroeconomic factors impacting the cost of operations, creating a timeline for that return is tricky. Still, leaders with the Chicago-based real estate investment trust (REIT) believe that the margin expansion seen in 3Q2022 is not a one-off […]
In 2018, Discovery Senior Living CEO Richard Hutchinson had a vision for the future of the company — and for the industry. Four years later, he is executing on that vision with major plans underway and new partners in tow. On Wednesday, the company announced a new recapitalization with Coastwood Senior Housing Partners and Lee […]
Americans receiving social security will see their payouts tick up by the highest increment in decades as the senior living industry potentially undertakes another big year for rent growth in 2023. The Social Security Administration Thursday announced an annual cost of living adjustment of 8.7% in 2023, marking the highest increase in 40 years and […]
Last week ended with the news that Brookdale reportedly is considering a sale of the company. A Brookdale sale would radically change the senior living industry. But such a transaction would not be a shock, considering how many times in the past the Brentwood, Tennessee-based company has appeared ready to change hands. And those past […]
