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Vaccination Mandates, Wage Increases Further Complicate Seniors Housing Labor Situation, Says InterFace Panel

by Jeff Shaw

ATLANTA — Even before the pandemic struck the United States in early 2020, rising labor costs were putting downward pressure on margins for seniors housing owners and operators. The public health and economic crises stemming from COVID-19 have only amplified the problem, say seniors housing professionals. In an industry where residents overwhelmingly belong to one of the most COVID-19-susceptible demographics, seniors housing operators are now wrestling with the question of whether to require staffers to get vaccinated. At the same time, they are battling widespread wage increases brought on by …

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Active AdultDevelopmentFeaturesNews

Design of Active Adult Properties Must Appeal to Multiple Generations, Say InterFace Panelists

by Jeff Shaw

As a concept, the term “active adult” supports the notion that age is just a number. As an evolving subcategory of seniors housing, active adult is a property type that means different things to different people. For that reason, designers and builders of this asset class face the unique challenge of visualizing and delivering communities that appeal to a broad range of renter profiles. Effective, consistent branding is one of the biggest challenges within the active adult sector, which is very much in its infancy relative to other commercial property …

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KeyBank Seniors Housing Sales Shoop
AcquisitionsContent PartnersFeaturesIndustry ContentInvestmentKeyBank

Seniors Housing Sales Pick Up as Recovery Gains Steam

by Sarah Daniels

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 this year, a year-over-year increase of a whopping 122 percent, according to Real Capital Analytics, which tracks real estate deals of $2.5 million or more. The jump in sales is hardly surprising when compared to the pandemic-riddled prior period. But unlike past downturns, the fact that seniors housing has become …

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Direct Supply seniors housing technology
Affordable HousingAssisted LivingContent PartnersFeaturesIndependent LivingIndustry ContentOperationsPeopleTechnology

Using Technology to Address Challenges Exposed by COVID

by Sarah Daniels

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 their holistic wellbeing as well.  The pandemic also brought to light a renewed focus on the importance of integrated technologies that improve staff efficiencies. As we explore the next generation of senior living’s technology evolution, it’s important to remember the foundation to all technology advancements: reliable Wi-Fi. The ability to …

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FeaturesNewsOperations

Operators Adjust to Shifting Labor Landscape

by Jeff Shaw

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 so many losing jobs in the hospitality sector, among others, would this be a chance for operators to snatch up those workers? Unfortunately, it appears that did not come to fruition. “When the pandemic started and there were so many layoffs in the hospitality industry, I thought ‘Here we go. …

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Pipitone M&T seniors housing industry
Active AdultAffordable HousingAssisted LivingContent PartnersFeaturesFinanceIndependent LivingIndustry ContentInvestmentM&T Realty Capital Corporation

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

by Sarah Daniels

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 environment for the segment. But a growing number of seniors housing discussions today are centered on how operators and the industry are recovering, according to Christopher Callaghan, head of healthcare banking at M&T Bank. To what degree a recovery is occurring, however, depends on several variables. “There is still a …

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FeaturesNews

CBRE Survey: Investors Expect Full Pandemic Recovery in 2022

by Jeff Shaw

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 U.S. Seniors Housing & Care Investor Survey. The Dallas-based firm sends out the survey twice a year to investors, developers, lenders and brokers throughout the United States. Responses closed in February, and the number of respondents was not disclosed. Investors responding to the survey indicate significant investment growth is likely …

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FeaturesNews

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

by Jeff Shaw

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 the corner, largely due to new inventory coming online. That’s according to new data from the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data gathered from 31 primary metropolitan markets. Private-pay seniors housing comprises independent living, assisted living and memory care. …

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Survey: Only 25 Percent of Nursing Homes Confident They Will Survive to Next Year

by Jeff Shaw

WASHINGTON, D.C. — The American Health Care Association and National Center for Assisted Living (AHCA/NCAL), a D.C.-based organization representing more than 14,000 nursing homes, assisted living communities and other long-term care facilities across the country, has released a survey that shows only a quarter of communities are confident they can last another year. More than half of nursing homes and nearly half of assisted living communities say their organization is operating at a loss, the survey found. More than half of nursing homes and more than one-third of assisted living …

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FeaturesNews

Greystone Partners with LeadingAge on New Story Collector Portal

by Jeff Shaw

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 platforms, both in the industry and beyond. The tool, located on the LeadingAge website and powered by Greystone, provides LeadingAge members the opportunity to share their responses — written or oral — to a prescribed prompt, which will be updated monthly. The purpose is to highlight a diverse range of …

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