How to Overcome Construction Cost Increases in Senior Living Projects

General contractors in the senior living space have faced tough challenges in the wake of COVID. Construction material costs have fluctuated wildly, while hiring good employees has proven difficult, slowing down timelines. Seniors Housing Business spoke with Richard Lara, president…

Seniors Housing Sales Pick Up as Recovery Gains Steam

As the seniors housing industry slowly recovers from occupancy declines and disrupted operations due to COVID-19, investors are back in the market hunting for deals. Some $3.2 billion in seniors housing and care facilities traded hands in the second quarter…

Using Technology to Address Challenges Exposed by COVID

COVID-19 made clear the need to overhaul technology capabilities in senior living facilities everywhere. The next wave of senior care’s tech evolution will encompass what the pandemic highlighted: a need for technologies that not only enhance residents’ physical safety, but…

Operators Adjust to Shifting Labor Landscape

Hiring and retaining good employees was already one of seniors housing operators’ top challenges before the COVID-19 pandemic struck. Despite the many new problems that the outbreak presented, many in the seniors housing industry saw a potential silver lining: With…

In the Seniors Housing Sector, a Sense of Recovery is Growing

For more than a year, seniors housing operators have battled rising vacancy, pressure on net operating income and uncertainty about the future as potential residents steered clear from property tours and lease commitments. Those difficulties have created a tough financing…

CBRE Survey: Investors Expect Full Pandemic Recovery in 2022

DALLAS — Seniors housing has shown strong resilience to the adverse impacts of the COVID-19 pandemic, with the vast majority of operators reporting pent-up investment demand and positive leasing trends in the first half of 2021, according to the CBRE…

New Supply Puts Brakes on Occupancy Recovery in Private-Pay Seniors Housing

ANNAPOLIS, Md. — Private-pay seniors housing occupancy remained flat in the second quarter of 2021, holding at 78.7 percent, according to new NIC MAP data, powered by NIC MAP Vision. Though COVID-19 cases in senior living properties dropped significantly in the last quarter, occupancy has not turned…

Greystone Partners with LeadingAge on New Story Collector Portal

IRVING, Texas — Greystone, a senior living consulting firm based in Irving, has partnered with LeadingAge, the association of nonprofit providers of aging services, to provide a portal for member stories to be gathered, organized and published across multiple media…

Brookdale Occupancy Rises, Showing Signs of Pandemic Recovery

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has reported that occupancy across its portfolio has increased for three straight months, signaling a start to the recovery from the COVID-19 pandemic. Occupancy at the end of each month rose…

Post-Pandemic Considerations for Acquisitions and Renovations

By Sarah Daniels Planning ahead is never easy, but in the world of senior living construction, acquisitions and renovations, it makes everything that follows easier — and often more cost effective in the long term. The need to future-proof seniors housing…

JLL: Investors Are Looking Beyond the Pandemic

CHICAGO — Although the seniors housing industry still faces many challenges, long-term demand still has the sector on a trajectory of growth. That’s according to JLL Valuation Advisory’s fourth annual Seniors Housing Investor Survey and Outlook, released last week. Construction…

ASHA Announces Senior Living Hall of Fame Class of 2021

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA), a D.C.-based advocacy organization for the seniors housing industry, has announced the 2021 inductees to the Senior Living Hall of Fame: Carl Campbell of CAMLU, Robert and William Thomas of Senior…