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Active AdultFeaturesNews

Active Adult Success Depends on Educating Customers on Lifestyle, Says Ryan Frederick

by Jeff Shaw

DALLAS — Active adult housing, usually reserved for people over either age 55 or 62 and offering amenities but no aging services, targets a quickly growing demographic as 10,000 baby boomers reach retirement age every day. However, the biggest challenge to reaching that demographic might be teaching them what active adult housing is exactly. “A lot of people are challenged by thinking of housing as a binary choice — ‘I’m going to age in place or go to skilled nursing,” said Ryan Frederick, CEO of consulting firm SmartLiving 360. “Many …

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AcquisitionsFeaturesNews

High Inflation, Interest Rates Could Lead to Value-Add Acquisition Opportunities, Say Webinar Panelists

by Jeff Shaw

Inflation and interest rates are both going up at levels not seen for decades, if ever, in the United States. As a result, both topics have entered the general consciousness of the American public in a way rarely seen before, according to JP LoMonaco, president of Valuation & Information Group. “I haven’t said the words inflation or higher interest rates in more than 20 years, but they have definitely creeped into the American pop psyche. Chances are that you’re likely to start an elevator conversation with inflation more than weather …

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Kate Risa Paychex Seniors HR
Active AdultAssisted LivingCCRCContent PartnersFeaturesIndustry ContentOperationsPeopleSkilled Nursing

Outsourced HR Meets the Challenges of Senior Living Staffing

by Sarah Daniels

Due to the nature of their clientele, senior living operators continually need to market their services to attract prospective new residents. But it’s not just new residents that they need to attract: it’s new employees as well. For the reality is that the senior living market faces some of the highest employee turnover rates in the service industry: upwards of 50 percent annually. Multiple factors are the culprit, including lower-than-average salaries, the difficulties of working with an aging and often high-acuity population, as well as few perceived opportunities for advancement, …

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Active AdultFeaturesNews

InterFace Panel: Lease-Up Represents Most Challenging Phase of Active Adult Development

by Jeff Shaw

DALLAS — Completing the lease-up and stabilization of new communities in a timely and cost-efficient manner is the most difficult aspect of developing active adult properties in the current environment. Such is the assertion of developers that are immersing themselves more deeply in this fast-growing sector of commercial real estate, which lies somewhere in between traditional multifamily and independent living on the spectrum of residential uses and services provided. The challenges of fast and effective lease-up programs are attributable to several factors that are unique to the emerging asset class, …

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Active AdultFeaturesNews

Active Adult Residents Cite Location, Lifestyle as Reasons for Moving In

by Jeff Shaw

DALLAS — Active adult residents say they had plenty of reasons to move out of their prior homes, but they rank location and lifestyle change atop their list. That was the message from a panel of five existing active adult residents during a panel named “Live Interview of Active Adult Residents: What Motivated Them to Move in?” at France Media’s InterFace Active Adult Conference, held at the Dallas Marriott Downtown hotel in Dallas. This second annual event is the industry’s only in-person conference devoted entirely to the active adult/55+ niche. …

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FeaturesNews

NIC’s Mace: Occupancy Edges Upward, but Has a Long Way to Go

by Jeff Shaw

ANNAPOLIS, Md. — While private-pay seniors housing occupancy saw a 20-basis-point increase in the first quarter of the year, the industry is still a long way from full COVID-19 recovery. In fact, occupancy is still 670 basis points below its pre-pandemic levels. That’s according to a blog post from Beth Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data gathered from 31 primary metropolitan markets through its NIC MAP Vision product. Private-pay seniors housing comprises independent living, …

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FeaturesNews

Senior Living is Still Searching for Answers to Worker Shortage, Says C-Suite Panel at Argentum Conference

by Jeff Shaw

MINNEAPOLIS — The worker shortage situation in seniors housing has improved marginally in recent months, but remains a “crisis,” said Tana Gall, president of Seattle-based Merrill Gardens, an owner-operator with a portfolio of 72 communities across 20 states. The veteran executive urged the industry to leave no stone unturned in its quest to find new employees, but discouraged the practice of operators poaching employees from competitors. “What’s interesting to me, and a bit of a silver lining, is that during the pandemic I don’t think we felt that [workforce housing …

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FeaturesNews

Argentum’s Balda Highlights Forces Shaping Future of Seniors Housing; Hero Award Winners Honored

by Jeff Shaw

MINNEAPOLIS — People, trust and choice. James Balda, president and chief executive officer of Argentum, believes those three factors will play a crucial role in determining the overall success of the senior living industry going forward. “We must never forget that we are in the business of helping people, and specifically our job is to help people thrive. We do this by helping connect seniors to relationships and to create a sense of meaning and purpose. This is fundamentally why our communities are so effective. We don’t just focus on …

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FeaturesNews

U.S. News Introduces Inaugural Edition of Best Senior Living Awards

by Jeff Shaw

WASHINGTON, D.C. — U.S. News & World Report has published the inaugural edition of Best Senior Living, which expands the U.S. News rankings, ratings and data offerings. The new designations include Best Independent Living, Best Assisted Living, Best Memory Care and Best Continuing Care Retirement Communities (CCRC). “Families have limited information when comparing providers of independent living, assisted living, memory care or continuing care,” says Ben Harder, managing editor and chief of health analysis at U.S. News. “The Best Senior Living ratings help to fill this informational gap with comprehensive …

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Gaurie A. Rodman Technology staffing quote
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndustry ContentOperationsPeopleSkilled NursingTechnology

Design, Technology Lead to Labor Savings in Senior Living Communities

by Sarah Daniels

Senior living communities, often strained by labor shortages, can benefit from design and technology strategies built to streamline how employees spend their time. While the focus in any construction, design or renovation project must be on resident needs first, an in-depth planning approach can benefit the community as a whole — especially staff. Technologies — including fall detection and prevention, real-time location systems (RTLSs) and strong Wi-Fi — are at the heart of making sure staff can focus on residents. Good technology design is an essential part of making sure …

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