Life Plan Community Occupancy Still Beating Senior Living at Large

Occupancy at life plan communities is continuing to outpace non-life plan communities as senior living operators work to grow occupancy back to pre-covid levels in 2023. According to a new report from Ziegler using NIC MAP Vision data, occupancy at life plan communities registered at 87.2% in the fourth quarter of 2022, a marked increase over...

15h

Transactions & Financings: Blueprint Closes 3-Community Sale; Sonata Continues Expansion

Financings Bayview Closes $13M Financing for California Community Bayview PACE announced it closed on $13 million in innovative Commercial Property Assessed Clean Energy (C-PACE) for the financing of an existing senior living community in Georgia. The community – called Varenita of Simi Valley – is a 102-unit assisted...

15h

Not Happy With 90%: How Senior Living Lease-Up Is Evolving in 2023 

In 2023, the senior living lease-up process is trending back toward the pre-pandemic normal — and what constitutes a stabilized community is still evolving. Recent data from NIC MAP Vision showed that lease-up trends across the country were accelerating, but that the headwinds of recent years had made it more difficult for operators to reach...

16h

In the Pipeline: MorningStar Renovates California Community; Sonata Opens Resort-Style Community in Florida

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. This article is a part of your SHN+ membership Construction: Completed MorningStar renovates California community  MorningStar Senior...

1d

‘Show Me the Money’ Moments Come for Middle-Market Senior Living, Value-Based Care

This article is a part of your SHN+ membership Value-based care and the middle market represent two of the biggest opportunities for senior living providers and were hot topics at the recent NIC Spring Conference. But with operators more cash-strapped than ever — thanks largely to inflation and labor disruption — I believe that the sector is...

1d

What New Data Reveals About Senior Living’s ‘Hidden Audience’

Senior living marketing and sales teams know a lot about the people who fill out contact forms, chat online, call their switchboard and stop by for tours. But how well do they know the reluctant shopper? The anonymous web browser? The older adult or caregiver who is combing the internet, clicking around websites but completely avoiding sales conversations?...

1d

‘Larger Than Life’: Industry Leaders Pay Tribute After Death of ReNew REIT CEO, Senior Living Pioneer Chapman

Senior living industry pioneer and ReNew REIT CEO George Chapman died on Wednesday, according to a notice from the Toledo, Ohio-based company. Chapman, who helped found ReNew REIT in 2018 and also was a longtime CEO of the real estate investment trust that later became Welltower (NYSE: WELL), was a “pillar in the industry and the community,”...

2d

Waterton Transitioning All Pathway to Living Management Agreements to New Operators 

Pathway to Living is facing an uncertain future after parent company Waterton moved to transition all of the operator’s managed communities to other senior living operators. The companies to take on the properties include Sonata Senior Living, which is in May slated to begin managing one Pathway property in Florida. The community, Azpira...

2d

‘It’s Painful’: Senior Living M&A, Financing Market Must Absorb Another Interest Rate Hike

The Federal Reserve’s move to raise interest rates once again, despite two domestic bank collapses and international financial turmoil, could further dampen lending activity in the senior living industry. In a news conference on Wednesday afternoon, Federal Reserve Chairman Jerome Powell announced an anticipated 0.25% increase in interest...

2d

How Unit Mix Helps Arrow Senior Living, Bridgewood, Priority Life Care Hit Higher Margins

As operators tweak their portfolios in 2023 with margins in mind, unit mix is among their most crucial considerations. New data from the National Investment Center for Seniors Housing & Care (NIC) showed that appropriately sizing care segments is one of the most important factors when developing and designing a senior living community,...

3d