Florida-based senior living operators have prepared for the arrival of Hurricane Milton by shoring up emergency plans and evacuating residents. As of Wednesday afternoon, the hurricane was barreling toward Florida, with an expected landfall late in the evening. According to the National Weather Service, the storm will bring a “potentially catastrophic” storm surge and flooding, … Read more
Senior living operators are taking a more careful approach to resident rate increases in 2025 as higher revenue and lower costs push average margins higher. In 2024, many operators increased resident rental rates for private-pay senior living units at a steeper pace, with some implementing double-digit increases. Looking ahead to 2025, factors including improved occupancy … Read more
This article is part of your SHN+ subscription Senior living operators are notching improvements in the duration of resident stays as the industry has settled into a new normal in 2024. It’s no secret that the length of stay across the senior living industry has decreased in the last four years, a trend thought to be … Read more
Hear more insights on CapEx and other topics from industry veterans at our upcoming ReBUILD event in Chicago on November 20 and 21. Tickets are available here. As new development remains tough to work out, senior living operators are shifting growth priorities and focusing on internal repositionings, renovations, and investing in key infrastructure to capture … Read more
This article is part of your SHN+ subscription While the pulse of senior living development may have slowed in the last four years, recent plans and projects underway are an indication that senior living companies are not resting on their laurels in the meantime. With projects now taking longer to complete and construction starts at … Read more
Distinctive Living has seen rapid growth in the recent past, along with up to 16 communities currently in various stages of development as more opportunities for growth appear on the horizon. While there’s no specific portfolio number in mind, Distinctive Living CEO Joe Jedlowski told Senior Housing News the Freehold, New Jersey-based operator is continuing … Read more
Rising resident acuity is impacting senior living margins, and in response, operators are getting creative to make bottom-line improvements even as challenges remain. In recent years, especially with the pandemic, operators have said residents are arriving in senior living communities with more care needs than in the past. That phenomenon is shaping the future of … Read more