Whether “thrive in ‘25,” “or “survive until ‘25,” the senior living industry has had the coming year on its collective mind for a while now. For many years, the incoming baby boomer generation has served as a seemingly perennial source of optimism for the senior living industry’s future success. Now, that demand wave is about … Read more
Many senior living companies are subsisting on renovation and repositioning as new development remains slow. As they undertake new projects, they are putting a lot of thought into what will get the most bang for their buck. With projects usually totaling millions of dollars, operators must get return on their investment in some fashion, be … Read more
This article is part of your SHN+ subscription Senior living operators across the U.S. are assembling their regional leadership teams and strategies in an effort akin to a high-stakes chess match or solving a complex puzzle. The challenge is that regional leaders are often in charge of driving improved performance at the communities they manage. … Read more
In 2024, senior living developers, investors and operators are upgrading and repurposing their communities. For example, about a quarter of IntegraCare’s portfolio has recently undergone “a major makeover or a memory-care conversion,” CEO Larry Rouvelas told Senior Housing News. And IntegraCare is hardly alone in going big on renovation and repositioning projects, as capital market … Read more
This story is part of your SHN+ subscription Since the start of the pandemic, senior living operators have grappled with staffing woes. Executive directors are particularly hard to hire and retain. Long hours and a generally tough job have contributed to burnout and higher turnover among executive directors in recent years. And given the training … Read more
In 2024, senior living operators are seeking growth with an eye on future demand – no easy feat given challenges in lending and development. For smaller companies, that is an even harder nut to crack. For one, smaller senior living companies often don’t have the cash to buy portfolios of communities or embark on extensive … Read more
The high cost of new development and lack of financing for big projects has pushed some operators to renovate and reposition older communities. In 2024, senior living operators and their partners are focusing on adding as much value as possible through renovations and repositioning. But as operators serving the baby boomers can attest, the incoming … Read more
This article is part of your SHN+ subscription Top leaders of senior living organizations are busy preparing for the future – sometimes as far out as the next half-century. Senior Housing News has spoken with quite a few top leaders of senior living operators across the country in the past month – at the recent … Read more