In 2024, the senior living industry is seeing a shift towards upgrading and repurposing communities, as highlighted by the recent renovations and memory-care conversions at IntegraCare. This trend is not unique to IntegraCare, as other developers, investors, and operators are also focusing on renovation and repositioning due to challenging capital market conditions.
Senior Housing News is dedicated to showcasing how the industry is adapting to meet the evolving needs of older adults in the coming years. The annual BUILD conference, now named (Re)BUILD, will take place on November 20 and 21, bringing together professionals from all sectors of senior living for networking opportunities and insights into the future.
The event will feature sessions with industry leaders such as Charter Senior Living CEO Keven Bennema and Retirement Unlimited President Doris-Ellie Sullivan, covering topics like preventing obsolescence in senior living communities, community turnarounds, and best practices for CapEx calculations. Additional speakers will be announced leading up to the conference.
To gain more insights into the future of senior living construction and development, Senior Housing News reached out to upcoming panelists for their perspectives on top trends, growth strategies, and market conditions for 2025. Providers like Experience Senior Living are focusing on developing larger, urban-oriented communities with enhanced amenities to meet evolving demands.
Greystar Active Adult is experiencing growth in both owned assets and third-party management, with a focus on resident experience and lifestyle offerings. They anticipate a strong year ahead in the active adult market with more community developments and investor interest.
Onelife Senior Living is pursuing growth through acquisitions of distressed assets and third-party management contracts, incorporating smart home features and adaptable common areas in their designs. They are optimistic about the potential for increased development in 2025, pending favorable economic conditions.
With a shared goal of meeting the changing needs of older adults, developers, investors, and operators in the senior living industry are working diligently to upgrade existing communities and create innovative new products for the next generation.
