Operations

What’s to Come: An Optimistic Outlook for Seniors Housing

by Sarah Daniels October 24, 2023

By Berkadia Seniors Housing & Healthcare Like many sectors within the commercial real estate (CRE) industry, the seniors housing market faced headwinds over the past year, largely due to tightening financing conditions and widespread economic uncertainty. However, based upon research and anecdotal evidence from the clients and companies we serve in the seniors housing space, we believe the sector is well positioned to bounce back and generate positive operating results for the remainder of 2023 and into 2024. View a higher resolution version of the construction trends graph above here. Fundamentals …

October 24, 2023

Assisted Living Features Industry Content Memory Care Operations People Skilled Nursing Technology Videos Webinars

Webinar — Inside the Resident Room: In-Unit Data Helps Seniors Housing Operators Improve Safety & Increase Profitability

by Sarah Daniels October 23, 2023

The Oct. 17 webinar “Inside the Resident Room: In-Unit Data Helps Seniors Housing OperatorsImprove Safety & Increase Profitability“ focused on how resident room data can help seniors housing operators improve patient outcomes and reduce operating costs. During this brief, one-hour discussion, seniors housing industry experts talked about some of the most challenging and important topics facing the world of senior living: staffing crises, ballooning costs, data gathering tactics and increasing resident safety while maintaining their privacy. Listen in to learn more about senior living technology and its role in fall prevention, …

October 23, 2023

Acquisitions Company News News Operations

AgeWell Solvere to Manage 14-Property Sonata Portfolio, Merge Leadership Teams

by Jeff Shaw October 23, 2023

NORTH PALM BEACH, Fla. — AgeWell Solvere Living, a North Palm Beach-based operator, has assumed management of the entire, 14-property portfolio of Sonata Senior Living. The move will function as a merger, integrating both organizations’ leadership teams. The merger of management and leadership teams is aimed at enhancing the quality and depth of support and offerings that the combined company will provide to investors, residents and team members. The company will continue to operate out of its offices in North Palm Beach and will retain the Sonata Senior Living office …

October 23, 2023

Features News Operations

InterFace Panel: Attracting Boomers, Incentivizing Workers Are Top Priorities for Operators

by Jeff Shaw October 10, 2023

As operators build back occupancy post-pandemic, they’re also drawing up new blueprints for success. Operators are trying to figure out what baby boomers want in a senior living community. A renewed emphasis on customer service is critical. New marketing strategies are embracing the latest technology, even artificial intelligence. “Brand” and “culture” are two words that operators bring up over and over again. While the labor crunch has eased a bit, operators are still shorthanded. Effective recruitment and retention practices are vital for sound operations. Happy employees make for happy residents …

October 10, 2023

CCRC Illinois News Operations

The Admiral at the Lake in Chicago to End Affiliation with Kendal Corp.

by Jeff Shaw October 10, 2023

CHICAGO — The Admiral at the Lake board of directors has announced it intends to end its affiliation and become an independently operated continuing care retirement community. The property is located near Montrose Beach in Chicago’s Uptown neighborhood. “The board of directors worked closely with expert advisors, our stakeholders and the management team to analyze the opportunities that exist for The Admiral at the Lake under a variety of scenarios,” says Laura McKee, board chair. “With this new path forward, we will continue to provide elevated senior living services to …

October 10, 2023

Acquisitions News Operations Tennessee

Charter Takes Over Operations at Summit View in Chattanooga, Tennessee

by Jeff Shaw October 10, 2023

CHATTANOOGA, Tenn. — Charter Senior Living has taken over management of Summit View Senior Community in Chattanooga. Charter will rebrand the independent living and assisted living community as Charter Senior Living of Chattanooga. Charter plans to renovate and update the community’s cosmetic features and plans to maintain the current staff and add additional staff as needed.

October 10, 2023

Acquisitions Kansas News Operations Skilled Nursing

Ensign Group Takes Over Operations at Providence Place Skilled Nursing Facility in Kansas City

by Jeff Shaw October 9, 2023

KANSAS CITY, Kan. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Providence Place, a 45-bed skilled nursing facility in Kansas City. Providence Place is located on the campus of Providence Medical Center. The acquisition is subject to a long-term, triple-net lease. This acquisition brings Ensign’s portfolio to 296 healthcare operations, 26 of which also include senior living operations, across 13 states.

October 9, 2023

Massachusetts News Operations People

LCB Names New Executive Directors at Two Communities in Massachusetts

by Jeff Shaw October 9, 2023

BEDFORD and HINGHAM, Mass. — LCB Senior Living has named executive directors at The Residence at Bedford in Bedford and The Residence at Penniman Hill in Hingham. Both properties offer assisted living and memory care. Arzu LeBlanc is the new executive director at The Residence at Bedford. LeBlanc has nearly a decade’s worth of experience in the senior living industry, having previously served as an executive director for EPOCH Senior Living and Benchmark Senior Living, where she was named the company’s Executive Director of the Year in 2017. Lea Goddard …

October 9, 2023

Assisted Living News Operations South Carolina

SRI Management Takes Over Operations at Vineyard Bluffton in South Carolina

by Jeff Shaw October 5, 2023

BLUFFTON, S.C. — SRI Management, in conjunction with Bourne Financial Group, has taken over operations of Vineyard Bluffton in the coastal town of Bluffton. Vineyard Bluffton offers 63 assisted living units and 32 memory care units near the scenic coastal region of Hilton Head Island. The Vineyard Bluffton community is the sixth senior living community for SRI Management in South Carolina. Five are operational, with one currently under construction.

October 5, 2023

Content Partners Features Industry Content Operations People Technology

The Top Five Strategies for Building, Retaining a Strong Clinical Team

by Sarah Daniels October 5, 2023

Call it the ripple effect. A great clinical team produces positive resident outcomes. Positive outcomes lead to satisfied residents and families, which leads to a good reputation in the wider community. That leads to more referrals, higher occupancies and organizational success. “Clinical outcomes are at the forefront of everything we do,” says Rob Moore, director of strategy and portfolio management at MatrixCare, a provider of senior living software solutions. “It is critical to maintain focus on outcomes.” The best way to ensure good resident outcomes? Give the clinical team a …

October 5, 2023

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