There’s nothing like a senior housing conference to sharpen your leadership skills and help you walk away energized, motivated, and inspired. If you were at the Louisiana Assisted Living Association’s (LALA) Annual Conference, then you had a chance to hear me speak in person on senior living leadership. But many of you didn’t make
When it comes to your senior living properties, having the right senior housing pricing is critical. After all, driving growth depends on accurately assessing your operation’s value and what prospects are willing to pay. While it’s important to set rates that maximize ROI, there’s another important consideration related to your senior housing pricing...sharing your information.
There’s no picture-perfect investment. No matter how strong the market demand is or how weak your competitors are, for senior housing investors, each portfolio carries its own share of risk. While some risks are small, others are weightier. For instance, purchasing a property in a less-than-ideal location could be less significant than acquiring several properties
The job responsibilities of the senior living CEO are many. Some days you’re analyzing operational costs...other days you’re holding meetings to successfully navigate regulatory changes. But most days, it seems as if your title should be ECO—Effective Communication Officer. After all, effective communication is critical when it comes to harmonizing competing stakeholder claims and
It doesn’t matter if you’re…. The CEO of a large senior housing organization. The executive director of a small community. A first-time investor in a senior housing development. A regional director over a number of senior living properties. Each of you has a goal in common—increasing your senior housing occupancy. And reaching this goal requires
If you’re in the process of planning a new senior housing development, you’ve probably established a clear set of goals for your property. Your long-term objectives may include items like increasing your share of the assisted living market, using capital from your new property to expand into other markets, and similar items. But when
When you’re the decision-maker for a senior living operation, improving operational efficiency is a top priority...especially when your organization’s net operating income is always in the spotlight. As Investopedia puts it… Net operating income...can only be increased by raising rents and associated fees or by decreasing reasonably necessary operating expenses. So it’s no wonder that
If you’re contemplating making the plunge to the senior living niche, more than likely you’re scouring the internet for information… Tips for investing in senior living facilities. ROI in senior living. How to enter the senior living market. After all, it’s daunting to transition from another real estate market to the senior living industry,
If you’ve made the choice to invest in a senior living development… Perhaps it was the allure of robust senior housing returns that led to your decision. While it’s true that developing a senior living property can yield a significant ROI, make no mistake. Senior housing returns don’t happen by magic. Don’t get us wrong.
It doesn’t matter if you’re…. The CEO of a large senior housing organization. The executive director of a small community. A first-time investor in a senior housing development. A regional director over a number of senior living properties. Each of you has a goal in common—increasing your senior housing occupancy. And reaching this goal requires
