Industry Voices

How to Overcome Labor, Supply Slowdowns in Development

by Jeff Shaw February 14, 2022

Careful and thorough planning processes can get a delayed project over the finish line. By John Manning and Eric Quinn, KMI International Senior living construction has seen a significant surge since the turn of the millennium due to people living longer with each passing decade. The Population Reference Bureau (PRB) notes that the baby boomer generation could fuel a 75 percent increase in the number of Americans requiring nursing home care. With that comes the need for more senior living communities. This has provided construction managers and owners with an …

February 14, 2022

Features Industry Voices

Where Is the Right Place to Age?

by Jeff Shaw February 4, 2022

Seniors housing has to meet seniors where they are in their aging journey. By Jake Rothstein, UpsideHōM While the last couple of years have been demanding for us all, the holiday season still proves to be a fun and exciting time. Families reunite around their dining tables; people travel across the country and the world to be with their loved ones; gifts are given and received. It is a time to reflect on the past year but also a time to plan for the upcoming year. At UpsideHōM, we strive …

February 4, 2022

Features Industry Voices People Technology

How to Manage the Great Resignation

by Jeff Shaw February 3, 2022

Operators must streamline, improve hiring and retention processes. By Britt Riese, Oasis It’s no secret that the demand for talent in healthcare is exceptionally high right now and the projected need for workers continues to rise. This historical trend has been amplified by the COVID-19 pandemic. Now that we are almost two years into the pandemic, we are not only trying to keep up with the growing demand of healthcare jobs, we are also competing with increased wages in other industries, safety concerns in healthcare, more flexible work environments and …

February 3, 2022

Features Industry Voices Operations

The SHB Interview: Chris Guay, Founder & CEO, Vitality Living

by Jeff Shaw February 3, 2022

Former Emeritus, Brookdale executive grows his own seniors housing owner-operator business in the Southeast. By Jeff Shaw After more than 15 years of working in various management and executive roles at seniors housing pioneer Emeritus Senior Living — and 18 months at Brookdale following the merger of the two behemoth companies — Chris Guay decided it was time for a change. He founded Vitality Senior Living in 2016 in the Nashville suburb of Brentwood, Tennessee. The company launched with two acquisitions in Texas, both offering assisted living and memory care. …

February 3, 2022

Features Industry Voices

Question of the Month: 2022 Predictions and Resolutions

by Jeff Shaw February 3, 2022

What are your predictions and New Year’s resolutions, personally and professionally, for 2022? The rebound is inbound By Robert Chapin CEO, Co-Chief Investment Officer, Seniors Housing & Medical Properties Bridge Investment Group The for-rent, private-pay seniors housing industry has come through the most challenging period in its history. I predict, as we emerge from the bottom, our product and service offerings in 2022 and beyond are more relevant and valuable than ever before. We will see the market embrace our product through a more positive lens for the best care, …

February 3, 2022

Features Industry Voices Legal Issues

Surfside Collapse Teaches Lessons on Maintenance, Recertification in Seniors Housing

by Jeff Shaw January 27, 2022

By Phillip Joseph and Gabriel Coelho, Ball Janik Tragedies often guide reform and progress. After the Champlain South Tower condominium in Surfside, Florida, collapsed, attention has focused on preventing similar future tragedies. There is a renewed focus on ongoing oversight, construction and inspection of residential towers throughout Florida, especially for vulnerable members of society. Recertification requirements Let’s begin with a brief introduction to the recertification requirements discussed in the aftermath of the Champlain South collapse. Surprisingly, recertification is not a state requirement, but a Miami-Dade County creation enacted in 1974. …

January 27, 2022

Features Industry Voices Technology

How to Leverage Technology to Stabilize Staffing Shortages

by Jeff Shaw January 25, 2022

By Meagan Rohan, Vice President of Sales, Caremerge The senior living industry is dealing with a severe staffing problem. According to a survey by the American Health Care Association (AHCA) released in September 2021, only four percent of assisted living communities are fully staffed. These shortages aren’t just impacting the day-to-day operations of these communities, but the viability of their businesses. The AHCA survey also found that over 60 percent of nursing homes and assisted living communities are concerned staffing shortages will force them to close. I’ve spent my career …

January 25, 2022

Assisted Living Development Features Finance Industry Voices

SBA 504 Loans Can Lend Support to Assisted Living Projects

by Jeff Shaw January 18, 2022

By Barbara Morrison, founder and president, TMC Financing According to the Centers for Disease Control and Prevention (CDC), there are around 28,900 residential care and assisted living facilities in the U.S.. The majority of the facilities are well established and contribute greatly to the country’s social and economic fabric. However, despite the importance of these facilities in our society, they often struggle to find affordable financing to expand or improve their services. Fortunately, the Small Business Administration (SBA) 504 loan program provides an affordable way to obtain funding for building …

January 18, 2022

Development Features Independent Living Industry Voices

The Economic Impact of Affordable Independent Living Speaks for Itself

by Jeff Shaw January 10, 2022

By Matt Canterbury, President of Development, Homestead Cos. Seniors housing is seldom part of the broader economic development conversation. And when it is, affordable independent living communities are seldom recognized for their value to a city or town. Sometimes, they’re even resisted. This is a mistake that hurts older Americans and the communities in which they live. By 2030, our industry expects 10 million baby boomers — second only to seniors staying in their own homes — to be housed in independent living arrangements. While the majority of Americans 55 …

January 10, 2022

Industry Voices Technology

A ‘Digital Ceiling’ Can Mirror Smart Home Experience

by Jeff Shaw December 9, 2021

As IoT technology becomes a bigger part of seniors’ lifestyles, property owners look for strategies to match expectations. By Dwight Stewart and Cliff White There’s no question technology will change most everything the industry knows about building and operating senior living spaces. The question is: How fast will it happen? Technology evolution is exponential, and the rapid advancement of lifestyle Internet of Things (IoT) is a great example of how quickly people are willing to incorporate new devices and systems into their lives. Sixty-five percent of Americans now own at …

December 9, 2021

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