Weak Occupancy, Absorption Rates Fuel Development Concerns
The first quarter of 2015 was marked by weak absorption and falling occupancy levels for senior housing properties, fueling the industry’s concern that some markets are overheating.
The first quarter of 2015 was marked by weak absorption and falling occupancy levels for senior housing properties, fueling the industry’s concern that some markets are overheating.
Only 12% of baby boomers are actively searching for senior living options online — either for themselves or for aging parents or loved ones. But for those who are seeking information, they may not be looking in the right places, according to Google data and survey responses.
To reduce staff turnover and boost the bottom line, it makes sense that staff training and development programs should be a priority for senior living providers.
The nation’s largest health care real estate investment trust (REIT) had humble beginnings in the 1970s. But since then, Health Care REIT (NYSE: HCN), a $40 billion company, has vastly expanded its reach, while periodically shifting strategies to keep up with the evolving senior care landscape.
Health care partnerships may be the wave of the future, but for senior living providers and Accountable Care Organizations (ACOs), something’s got to give.
Senior Living providers have found plenty of success in their respective price and product niches. But some operators are finding that even while they excel in targeting one particular price point, they can capture another price point by developing new products that are branded and marketed independently from their existing model.
Less than four months into his new role as president and CEO of the Assisted Living Federation of America, James Balda has helped roll out new credentialing efforts, launched a campaign that aims to prepare industry stakeholders for the next 10 years, and hosted his first annual conference, which had a record 2,700 attendees.
As rates of construction continue to climb and new competitors enter the landscape, senior living development has become a game that providers must approach carefully in order to capture market share and ultimately drive revenue.
The future of designing senior housing presents quite the conundrum for developers and operators, especially when it comes to making that housing affordable: While the demand for the product is clear, the challenges in building these facilities are often insurmountable.
Evrett Benton, former president, CEO and co-founder of Five Star Quality Care, Inc. (NYSE: FVE), has always been an acquisitions guy.
BMA Management Ltd., which ranks among the top-30 largest senior living providers nationwide, has announced plans to change its name to Gardant Management Solutions this spring.
Development is booming for many existing senior living operators across the country. One top-10 operator is targeting growth not only across its current product offering, but also in rolling out an entirely new development pipeline aimed at a slightly higher price point.
As the senior care industry gains more traction among both veteran and fledgling tech companies, one startup is poised to take the aging services sector by storm.
While a deal remains to be seen, it’s clear Brookdale Senior Living (NYSE: BKD) shareholders and investors are “stirring the pot” when it comes to the company’s massive real estate portfolio — and senior management isn’t ruling out any possibilities.
ACTS Retirement-Life Communities isn’t one to let any grass grow under its feet. And the organization’s latest investment is a testament to its strategy to consistently revamp its continuing care retirement communities (CCRCs) with an eye toward the future.