Yesterday’s Results, Tomorrow’s Outcomes By Dennis Murphy, Chief Investment Officer, Priority Life Care Though our industry tracks occupancy and expenses well, it misses predictive key performance indicators that could transform performance. Imagine knowing a resident’s lifetime return on investment and care progression — marketing budgets could then be tied to real value, not guesses. Also, communities capturing real-time associate feedback could prevent turnover before it happens. Even labor scheduling is too often reactive; we wait for payroll to close before spotting overtime or agency use. With forward-looking labor and resident …
By Kirsten Jacobs, MSW “At what point in history has segregation ever worked?” This provocative question was posed 10 years ago by Pat Sprigg, then the CEO of Carol Woods Retirement Community, a LeadingAge member. On that day, a room full of participants gathered to explore the best and promising practices in dementia care, and Pat challenged us to reflect deeply on the practice of separating individuals living with dementia — and to consider whether a more inclusive, compassionate approach might be possible. Today, I find myself among a growing …
By Ray Yancey The American Lung Association’s recent “State of the Air” report shows that millions of adults age 65 and older live in high-risk areas in terms of levels of outdoor ozone, particle and other pollutants. Cleaner, healthier air — both outside and indoors — should be a priority. Architects and designers have an important role when creating senior living communities to help residents live longer, healthier lives. This includes air quality. When collaborating with senior living community owners and operators, commercial design and planning groups should identify the …
By Bob Hankin Over the past several years, sustainability and energy efficiency have been key differentiators and quality indicators within the multifamily housing industry. However, the seniors housing industry has been slower to adopt these priorities — despite the benefits for residents’ health and wallets (which is particularly important for seniors living on a fixed income). From smart building technology to building design techniques, innovations in environmentally conscious development have the potential to transform the senior living experience, while also reducing long-term costs for developers and ensuring a better tomorrow …
Senior living communities can benefit from the same platforms serving seniors and their caregivers in the home setting. Aging adults often require assistance to sustain their safety and well-being long before they enter a seniors housing community. Over time, this may advance to needs in the realm of care, companionship, and support for most activities of daily life including shopping, transportation to appointments, finding products and services and more. Studies have shown that adult children of seniors may provide as many as 24 hours per week of care in addition …
By Phil Brusk and Caleb Vahcic The seniors housing sector can’t seem to catch a break. Owners grappling with staffing shortages and other operational hardships lingering from the pandemic are facing new challenges related to debt and spiraling costs. High interest rates and loan maturations loom over the industry, with $19 billion in loans coming due within the next 24 months, according to Cushman & Wakefield’s “H1 2024 Market Trends and Investor Survey” on senior living and care. Factors driving high costs include wage pressures, inflation and — incredibly — …
Jason Dopoulos and Ken Gould, co-founders of Cleveland-based Ikaria Capital Group, have ambitious plans for their fledgling company, which specializes in financing skilled nursing and seniors housing facilities. The duo is intent on their firm becoming the No. 1 lender in HUD’s Section 232 program, which provides mortgage insurance for residential care facilities such as assisted living facilities and nursing homes. “We want to be the No. 1 HUD lender within three years. We want to do $1 billion to $1.5 billion of bridge loans a year, and we want …
Founded in 1954 and based in Hamilton, New Jersey, Spiezle Architectural Group is a firm that provides architecture, interior design, construction, furniture procurement, engineering and landscape design services. With 120 employee-owners, the firm operates out of five offices and offers design services nationwide and internationally. Seniors Housing Business spoke with Steve Leone, a principal at the firm, to hear about Spiezle, its approach to acute healthcare and senior living projects and Cathedral Village, a project in Philadelphia. SHB: Spiezle provides a variety of services including architecture, interior design, construction services, furniture procurement, …
Decline in Construction Starts By Curtis King, Executive Vice President, HJ Sims The most significant seniors housing story of 2024 was the continued decline in construction starts, a trend that began in 2022, driven largely due by the lack of development financing. In 2025, the biggest story will be improved operating performance from rising real rental rates and occupancy levels due to the lack of new inventory. This improvement will set the stage for capital inflows in 2026, fueling a new wave of development. Inventory Gap Projections By Tayla Nevo-Hacohen, …
By Shawn Reed, FK Architecture A focus on wellness and lifestyle is among the top 10 senior housing trends for 2025, according to the Seniors Blue Book. With an increased focus on wellness spaces, community gardens and outdoor areas that can be utilized for different activities, seniors now have more opportunities to live healthier, more satisfying lives. Landscape architects are uniquely suited to provide ways for seniors to experience the outdoors in a safe, accessible way. Ideally, this involves targeted, evidence-based design that emphasizes connection to nature while meeting seniors’ …
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