Insurance premiums have seen rises and falls throughout 2023, depending on what is being covered, but the volatility of rates is unlikely to be going away anytime soon. Some areas of coverage, such as directors and officers insurances, auto insurance and workers compensation, have seen stabilization since the time of Covid. Even general liability has […]
Brookdale Senior Living, Atria Senior Living and LCS have maintained their top three positions as the country’s largest senior living operators, according to Argentum’s 2023 Largest Providers Report. The report, released Sept. 14, ranks U.S. senior living operators on a variety of self-reported metrics, including total units and total employees. It also showcases some of […]
While some senior living operators and developers have frozen their development pipeline until conditions improve, other companies are not sitting idly in anticipation of a demand wave right around the corner. Although many are not moving at quite the pace they were in preceding years, they are taking creative steps to make projects pencil out […]
This article is part of your SHN+ subscription A recession and a steep slowdown in home sales have yet to come to pass despite recent warnings, and senior living operators and finance experts believe that the CCRC sector’s demand outlook is brighter as a result. Trading in home equity is a common way older adults […]
This article is a part of your SHN+ membership If I had any hope that tensions are easing between senior living operators and their capital partners, that was dispelled at Senior Housing News’ recent BRAIN conference. There, one operator executive told me that he was glad capital providers were not at the event — so […]
Watermark Retirement Communities is working with Curana Health in a partnership that will bring value-based care arrangements to onsite community clinics as well as into older adults’ homes. Watermark and Curana are now collaborating on six onsite clinics at Watermark communities in Florida, Texas, and Pennsylvania, Curana announced today. The companies also have plans to […]
Financings KeyBank Provides $9.9M financing KeyBank Community Development Lending and Investment provided $9.9 million in low-income housing tax credit equity to finance the conversion of the Margaret Wagner Senior Apartments in Cleveland Heights, Ohio. The development will create 20 new apartments through the adaptive re-use of the first floor of Margaret Wagner House and preserve […]
Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]
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 Griffin Living plans California AL/MC project Westlake Village, California-based Griffin Living recently announced plans for a new memory care and assisted living community in […]
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 LCS renovates community that was former school Shipley Living, a senior living community managed by Life Care Services in Wilmington, Delaware, is undergoing […]
