I did not expect potential senior housing oversupply to be a hot topic at the National Investment Center for Seniors Housing & Care (NIC) conference last week, but I also was not surprised by the concerns. I did not anticipate this would be a hot-button issue because high material costs, construction industry labor pressures and […]
Watermark Retirement
As the new year gets underway, senior living and care providers are making some leadership shifts. Recent moves include: — Aegis Living named a new president and a new COO — Aras Erekul exited as Watermark Retirement’s National Director of Integrative Wellbeing — Trilogy Co-Founder and former CEO Randy Bufford has become CEO of Synchrony […]
One year ago, vaccine clinics were just getting underway in senior living communities, raising hopes for a better year ahead after the devastating toll exacted by Covid-19 in 2020. While Covid-19 vaccines have been a gamechanger for senior living providers, the quotes below reflect that 2021 presented plenty of daunting challenges, including unprecedented labor pressures. […]
Despite rising construction costs and delays caused by supply chain disruption, now is the time to get aggressive on senior living development pipelines. That was the message shared by Atria Senior Living CEO John Moore and Maplewood Senior Living CEO Gregory Smith at our recent BUILD conference in Chicago. Moore commented that it’s time to […]
Senior living expenses rose sharply in the third quarter of 2021, but operators working with real estate investment trust Welltower (NYSE: WELL) also benefited from historically strong revenue growth, and they are driving rate to keep margins in check. In fact, Welltower posted the strongest sequential revenue growth in the company’s history last quarter, with […]
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