Don’t let the small stuff damage your move-ins. (Editor’s Note: Bobby Towery passed away suddenly in October 2019 shortly after submitting this column. With ProMatura’s permission, we are publishing it in memoriam.) By Bobby Towery, ProMatura A few overgrown bushes here, a peeling paint job there — it’s easy to put off fixing a community’s little flaws, perhaps for so long you don’t notice them anymore. But for visitors evaluating your community, these details stand out like bright red flags. Little things cost sales. With occupancy rates for service-enriched housing …
Industry Voices
United We Stand Owner-operator United Group of Companies finds success using its diverse real estate background and targeting middle-class seniors. By Jeff Shaw When real estate developer United Group entered the seniors housing sector in the late 1990s, it sensed a huge opportunity in the market: rental active adult properties for middle-income seniors were considerably underbuilt. United Group was founded in 1972 by Walter Uccellini in the small Upstate New York city of Troy. (The city’s population is estimated by the U.S. Census Bureau to be 50,000.) His son Michael …
What will be the biggest storyline in 2020? Is this our rebound year? By Aron Will Vice Chairman, National Senior Housing CBRE Capital Markets With construction waning and the culling of many non-strategic assets having taken place over the past two years, will 2020 truly be the rebound year that many are anticipating? Or will labor pressures and an underestimation of development velocity continue to push this rebound out to 2021 or 2022? This remains to be seen, but would be warmly received by equity analysts and industry investors alike, …
Considering interoperability can boost a facility’s bottom line. By Danielle Myers, general manager, Status Solutions Operating a senior living facility is a huge undertaking. The endeavor to improve residents’ quality of life, while also maintaining a work environment that keeps both staff and residents happy and safe each day, can be both stressful and costly. This burden can weigh down the whole community, which is why it’s important that senior living facility operators maximize all of their current investments. The majority of senior living facilities utilize a variety of technology …
New technologies can help residents, care providers and families alike. By Fahad Aziz, co-founder and CTO, Caremerge Navigating the transition to senior living isn’t only daunting for incoming residents. Over the next 15 years, the population of Americans over the age of 65 will nearly double. That means millions more family members, healthcare providers and assisted living staff will have to figure out how to best care for the next generation of older adults. The good news is that technology is making this shift easier than ever. But if there’s …