American House Names New COO to Support ‘Aggressive Growth,’ Covid Recovery

American House Senior Living Communities is in “aggressive growth mode,” and new COO Brianne Zitko is helping to lead the charge. The Bloomfield Hills, Michigan-based senior living operator announced Zitko’s promotion from senior vice president of growth strategy to COO on May 11. In her new role, she will guide the company as it adds to its...

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Senior Living Development, Construction Show Signs of Life — But High Costs Stymie Projects

Once awash in a torrent of development activity, the senior living industry saw construction starts plummet last year. Now, there are signs that activity is resuming, but high material prices and other factors are complicating the outlook on how quickly senior housing development activity will ramp back up. In the first quarter of 2021, independent...

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As Pandemic Pressures Ease, Capital Senior Living Focuses on New Programs and Rate Growth

For Capital Senior Living (NYSE: CSU), the pandemic’s pressures are easing, and CEO Kim Lody is optimistic that the company will see more improvement in the months ahead. Occupancy ticked up in the first quarter of 2021 — today standing at 77.7% — and in March and April, the Dallas-based provider saw its highest level of move-ins in more than...

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Invesque CEO: Commonwealth Posts Historic Move-In Gains, Senior Housing Occupancy Bottomed Out in Q1 2021

Invesque (TSX: IVQ.U) CEO Scott White believes that occupancy and net operating income for his company’s senior housing operating partners will experience a quick rebound, paced by pent-up demand for senior living. As evidence, he points to Commonwealth Senior Living, Invesque’s affiliated operator with 33 communities across four states, which...

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In the Pipeline: Watermark Adds to Elan Collection in Los Angeles; Discovery Makes Progress on Florida Community

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. View this year’s winning entries here And if you’d like to submit a project to In the Pipeline, email us. Construction: In progress Discovery Starts...

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Fortress Acquires $64 Million Sonata Senior Living Portfolio from Healthpeak

Private equity giant Fortress Investment Group (NYSE: FIG) has increased its investments in senior living with the recent $64 million acquisition of a five-property portfolio from real estate investment trust Healthpeak (NYSE: PEAK). The deal was announced by Healthpeak in conjunction with its Q1 2021 earnings results on May 4, but the buyer...

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Senior Housing Investors May Hold $9B to $12B in Dry Powder, Await Occupancy and Debt Market Recovery

The coronavirus pandemic significantly slowed the development and acquisition pipelines of large-scale investors, as the capital markets retreated to the sidelines and waited for some stability to enter the lending landscape. Now, there could be as much as $12 billion in dry powder ready to deploy in senior housing, estimates Dustin Warner, director...

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The Springs Living CEO: Operators, Capital Must Align to Drive Post-Covid Innovation and Growth

The Springs Living experienced about a 10% occupancy and 12% net operating income decline during Covid-19, but has recovered about a third of that lost census, with inquiries up 70% and move-ins up 20%. With this as the backdrop, the McMinville, Oregon-based provider is reentering growth mode. The Springs recently broke ground on a 210-unit community...

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CMS Considers Vaccine Reporting Mandate for Assisted Living, Implements for Nursing Homes

The Centers for Medicare & Medicaid Services (CMS) announced Tuesday that it is now requiring nursing homes to report on the status of Covid-19 vaccinations for residents and staff. And, the agency said it’s seeking comment on whether to do the same for providers of assisted living. The interim final rule requires long-term care facilities...

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Reshaping Senior Living Post-Pandemic: 3 Areas of Focus

With vaccination rates high and occupancy starting to tick up, now is the time for senior living providers to reevaluate their plans for the future in light of Covid-19. “If you haven’t focused on strategic planning because you’ve been in the middle of Covid, we totally understand that — but now is the time to really dust that off and think through...

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