Government awards $51.6 million for senior housing construction, service delivery
By
Lois A. Bowers
Feb 10, 2020
The U.S. Department of Housing and Urban Development on Friday announced awards of more than $51.6 million to a total of 18 nonprofit organizations to finance affordable senior housing construction, provide...
Senior living development costs expected to increase in 2020
By
Lois A. Bowers
Feb 05, 2020
Senior living development costs are expected to increase modestly in 2020, even as development activity is somewhat reduced, according to a new report by CBRE.
People in the news, Jan. 21
By
Lois A. Bowers
Jan 21, 2020
Promotions and appointments at Acts Retirement-Life Communities, Birch Bay Retirement Village, Buckner Retirement Services, Capitol Seniors Housing, CareOne, Catholic Eldercare, Cogir Management USA, Erickson...
NIC: Assisted living occupancy rate strongest in 2 years at 85.7 percent in fourth quarter
By
Lois A. Bowers
Jan 10, 2020
Assisted living occupancy increased to 85.7% in the fourth quarter of 2019, up from a recent record low of 85.1% earlier in the year as demand outpaced new inventory growth, according to data released...
Senior living braces for changes in 2020 as top challenges remain
By
Lois A. Bowers
Jan 02, 2020
As 2020 begins, the senior living industry is preparing for the changing needs and wants of current and future residents as workforce and occupancy issues continue to challenge operators, according to...
Big senior living stories of 2019
By
Lois A. Bowers
Dec 23, 2019
Here’s a look at some of the news that occupied many minds in senior living over the past year.
Invesque ends year with more than $440 million in acquisitions
By
Lois A. Bowers
Nov 15, 2019
As real estate investment company Inveque prepares to end 2019 having executed on more than $440 million in acquisitions, company executives said Thursday they are looking at a “very robust” pipeline...
Pennant ‘very selective’ in ‘frothy’ senior living market, CEO says on first-ever earnings call
By
Lois A. Bowers
Nov 14, 2019
When it comes to acquisitions in senior living, the new Pennant Group is being ”very selective in a very, very frothy market,” President and CEO Danny Walker said Wednesday on the holding company’s...
Senior Housing Properties Trust on track to sell $900 million in assets by end of year, president says
By
Lois A. Bowers
Nov 08, 2019
Real estate investment trust Senior Housing Properties Trust is on track to have $900 million in assets sold or under agreement to be sold by the end of the year, President and Chief Operating Officer...
Five Star CEO: Restructuring on track to close Jan. 1
By
Lois A. Bowers
Nov 07, 2019
The transaction to restructure Five Star Senior Living’s business relationship with Senior Housing Properties Trust remains on track to close on Jan. 1, Five Star CEO Katie Potter said Wednesday. In...