Don’t sit on these revenue-generating opportunities
Creating a virtual marketplace represents a tremendous business opportunity for innovators who want to see their residents and local older adults thrive.
Continuing care retirement community
CCRC occupancy trends lower but better than non-CCRCs: analysis
Occupancy in continuing care retirement communities fell 1.4 percentage points from the fourth quarter to 84.3% through the first quarter of 2021, according to data released Friday by the National Investment Center for Seniors Housing & Care.
Legislation would require life plan community transparency
Proposed legislation in New Mexico would require life plan community operators to be more upfront with investors about community finances.
Healthpeak continues exit from rental senior housing with $1B in asset sales
Healthpeak Properties continued its exit from most senior living with the sale of $1 billion in assets in the first quarter, with an additional $400 million in deals under hard or soft contract.
Law now requires CCRCs to devise resident relocation plans for potential future closures
Continuing care retirement communities in New Mexico now are required to provide residents with a plan for relocation in the event that a community may close in the future. A state association representing CCRCs, however, said that it is not possible for a community to spell out such plans in writing.
A fresh plea calls for including independent living in COVID-19 vaccination priority clinics
Independent living residents of a Richmond, VA, continuing care retirement community had the rug pulled out from under them this week when COVID-19 vaccination clinics scheduled for mid-February abruptly were canceled.
Study suggests ways to increase CCRC resident happiness
Soliciting feedback from residents about their needs and interests, offering a variety of programs, educating employees on the signs and symptoms of depression and loneliness, and providing residents with access to mental health resources are steps that life plan communities can take to try to increase resident happiness, suggest findings of the third year of the Mather Institute’s Age Well Study.
Nonprofit CCRC outlook stable for 2021: Fitch
The general operating environment for nonprofit continuing care retirement communities / life plan communities looks like it should remain stable in 2021, according to commentary released Wednesday by Fitch Ratings.
Flipping mindset to focus on the future will help CCRCs thrive post-pandemic: speakers
One of the biggest outcomes of the pandemic on the life plan / continuing care retirement community sector has been giant leaps made in recognizing the importance of connectivity within the lives of older adults and taking steps to ensure that it continues in spite of not being able to see each other in person, said speakers Wednesday at the LeadingAge Annual Meeting Virtual Experience.
Healthpeak continues exit of ‘volatile’ senior housing market with $4B in sales, moves headquarters
Although not the reason behind Healthpeak Properties’ planned exit of its senior housing operating and triple-net lease portfolio businesses, COVID-19 certainly served as a catalyst for a full exit, CEO Thomas Herzog said Tuesday during the real estate investment trust’s third-quarter earnings call.
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