As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
Welltower
While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]
Atria Senior Living and Welltower (NYSE: WELL) are partnering to develop a senior living community as part of a $350 million mixed-use residential and retail project in New Jersey. The 25-acre project has been dubbed W Squared and will transform the Princeton Junction train station into an all-ages residential and retail center, according to a […]
With a recently announced development joint venture with Welltower (NYSE: WELL) and a strong occupancy recovery underway, Kisco Senior Living Founder and CEO Andy Kohlberg is bullish about the future. “We’ve averaged three-and-a-half times the number of net move-ins in 2021 than we did in 2019 … It’s gone surprisingly well,” Kohlberg said during a […]
Improving air quality and tightening infection control standards for senior housing became paramount in the throes of the Covid-19 pandemic. Now, the bar has been raised on how a senior living environment can and should foster health and wellness for senior living residents and workers. Two players in the space, private equity firm Harrison Street […]
As 2021 comes to a close, four hotly anticipated new senior living communities are opening their doors for the first time: — Sunrise at East 56th, in Manhattan — MorningStar at River Oaks, in Houston — Modena Reserve at Kensington, near D.C. — Trulee Evanston, near Chicago These communities exemplify several trends in luxury senior […]
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. […]
Erickson Senior Living has named Christian Sweetser as CFO, effective Jan. 31, 2022. Most recently, Sweetser has been serving as CFO of Irvine, California-based memory care pioneer Silverado. Prior to joining Silverado in 2016, he was a vice president at Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL). Catonsville, Maryland-based Erickson — known for […]
In 2017, the Archdiocese of Milwaukee sold land in the city’s historic Italian-American neighborhood to Capri Communities for $1. Capri created St. Rita Square, a 118-unit senior community with independent living, assisted living, and memory care services. The Waukesha, Wisconsin-based developer and operator then built a brand new church adjacent to the new community and […]
Sunrise Senior Living has opened Sunrise on East 56th, a 151-unit luxury lifestyle community in New York City, as the senior housing sector heats up in the Big Apple. McLean, Virginia-based Sunrise partnered with international real estate firm Hines and real estate investment trust (REIT) Welltower Inc. (NYSE: WELL) on the project, which offers assisted […]