By Dan Lindberg, founder and principal, Applied Economic Insight Labor shortages took center stage for business leaders and economists across many sectors of the economy during the Great Resignation toward the end of the COVID-19 pandemic. Such shortages, however, are nothing new for seniors housing and care providers. While required staffing ratios and regulations add to this, at heart seniors housing is an operationally intensive business. It takes people to serve people. That said, labor is a two-sided coin. On the first side, we have staffing levels measured in terms …
Industry Voices
By Kimberly Hellekson and Ken Linehan, FK Architecture The clock on advancing the cause of assisted senior living is ticking — quite loudly. By 2050, an astonishing one-fifth of the American population will be over 65 years of age, according to Statista. That percentage translates into some 30 million people who will require some form of long-term senior care, up from less than 10 million today. Currently, there are not enough seniors housing units to accommodate this need. We are living longer, and as the birthrate in the United States continues …
By James Kraft, Kraft Development The last time I appeared in this section in 2016, I complained in my article Developers Wasting Good Real Estate With Bad Design that same-old buildings were being replaced by same-old buildings with few new communities which I would be interested in moving into as I get closer to retirement. Now, at 66 years old, I will voice those same complaints. Considering that I have personally been responsible for the “dirt” sitting under more than 12,000 mostly seniors housing units, I hope my voice is finally listened …
Well-thought-out art can improve resident health and increase property reputation. By Rochelle Mills As the president and CEO of Innovative Housing Opportunities (IHO), a developer of affordable and permanent-subsidized housing, I’m passionate about the beneficial role that art can play in uplifting the communities in multifamily housing developments, especially seniors housing. When I joined IHO in 2006, then-board president Mary Watson-Bruce, a Ph.D. in geriatrics, emphasized to me the importance of the arts on well-being, mental health, sense of calm, blood pressure and more for the senior population. At the …
From baking to disaster relief, a diverse background and passion for senior care informs this operator’s decisions. By Jeff Shaw To say that Caryl Ridgeway has a diverse background, or that she got an early start on her career, would be an understatement. Currently the CEO of Milestone Retirement Communities, a Vancouver, Washington-based operator founded in 2008, Ridgeway became a certified nursing assistant (CNA) at age 15. She was inspired by her visits to the local nursing home in Oklahoma City with her grandmother. That same grandmother also inspired Ridgeway’s …
With so much disruption, where are the best opportunities for savvy seniors housing owners and operators? Keep your head down By Michael Hartman Principal, Active Living Capitol Seniors Housing The challenges facing development in seniors housing are largely the result of two factors that sit outside the normal supply/demand fundamentals that dictate the health of the sector: capital markets dislocation and construction cost inflation. While rents are higher across the board, they haven’t risen enough to compensate for the increase in construction costs. Eventually, the symptoms that caused the broader …
By Ray Yancey and Janice Sanada, LRS Architects The seniors housing industry is constantly evolving to meet the needs of residents. The baby boomer generation is quickly becoming the largest demographic of the seniors housing community, and their demands significantly differ from their predecessors. Whereas previous generations embraced designs where seniors housing communities were isolated from the broader community, baby boomers desire a melding of suburban and urban elements, such as entertainment venues, restaurants, professional business services and retail spaces. They also want these amenities to be closer. Blending these …
Master Planning, Workplace Morale, Accessibility Will Define Future Success of Senior Living
By Steven Leone and Richard Quinn, Senior Living Principals, Spiezle Architectural Group Perhaps no other sector has faced as many challenges throughout the pandemic as senior living. Providers in the industry have had to adapt to unprecedented circumstances and design new solutions to achieve success. As the industry enters a post-COVID environment, it is necessary to evaluate the state of the senior living market and continue to innovate in order to adapt to change. For the fifth consecutive year, Spiezle Architectural Group Inc. hosted the “Aging Forward: What’s Next?” roundtable. …
By Glen Collins, founder of Autside Encouraging active lifestyles for aging seniors is important to supporting their health and overall well-being. For residents in senior living communities, playing outdoor games is a stimulating way to stay physically and mentally active, socialize with others and enjoy nature — all of which can positively impact quality of life and even improve longevity. Sedentary seniors: A dangerous stereotype As people grow older, their bodies experience various changes that can impact the ability to stay active. There is a common misconception that aging seniors …
By Philippe Saad, Principal, DiMella Shaffer Mention senior living to people and the images evoked are often less than exciting, especially for those who value both an independent and connected life. The pictures that come to many minds are often ones of isolated living with marginal interactions beyond other residents and occasional family visits. Even in a multi-generational household with parents living with their children and possibly grandchildren, the loss of independence can lead to feelings of isolation and depression, even with the energy of three-generational living. It may sound …