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News & Knowledge

Top 2023 Trend Predictions from Senior Housing News

January 24, 2023

Senior Housing News released its predicted trends for 2023 and we’ve read (and summarized) them below. But we encourage you to read the entire article - there is some seriously interesting stuff there!

 
    1. Active Adult rental communities will continue to grow and evolve, with operators now having gained valuable experience from what was once an experiment and now is a key driver of resident interest in communities.
     
    2. 2023 will be the year of the consumer – residents and prospective residents are demanding better and higher levels of service.
     
    3. Third party referral services are going to be challenged – and existing referral services will need to step up their games.
     
    4. Some Senior Living REITs may go private. Rumors are swirling around Brookdale, but Senior Housing News thinks others may follow suit to take some of the pressure off management to deliver results for investors in what is a tough market.
     
    5. Tech giants have lost interest in joining the Senior Housing field – Amazon has wound down its telehealth and in-home care platform.
     
    6. ESG (Environmental, Social and Governance) principals may become expected as more an more investors care about them and expect them from companies.
     
    7. Consolidations are on the table – companies will seek to scale, but risk expanding too quickly and not being able to digest all they eat.
     
    8. Data analytics will increasingly be used to analyze (and hopefully improve) performance.
     
    9. Hospitals will look to senior living operators to take on more care; especially assisted living facilities which will be asked to do some of what was once the domain of skilled nursing.
     
 

This article is informational only. You should consult an attorney before acting or failing to act. Consult a Lowndes attorney if you wish to establish an attorney/client relationship.
John

John Ruffier concentrates his legal practice on commercial real estate, representing clients within Florida and across the nation. As the firm's Senior Housing Group chair, he also helps companies build their senior living portfolios from the ground up. 

Whether representing companies that are developing, acquiring or selling commercial real estate, or lenders who are making or modifying commercial loans, John’s skills garnered from his championship rowing days serve him well. After all, rowing is a lot like business: both require a clear vision and goal, a well-developed plan, manageable milestones and a laser-like focus – with the flexibility to adjust when necessary.

Restaurants, big box retail stores, office buildings, golf courses, and senior living facilities are among the real estate transactions in John’s dossier, both in Florida and across the United States. Clients appreciate John’s holistic approach to deals – like in his rowing days, John ignores distractions and always keeps his focus on the goal line of getting the deal done. With senior housing, John and his team work on numerous diverse issues such as land use, licensing, financing, labor and employment management and operations, all to provide clients with advice that carefully looks at both immediate needs and the long-term prospects for potential transactions.

When he is not practicing law, John works with The Human Rights Campaign, the nation’s largest civil rights organization working to achieve lesbian, gay, bisexual and transgender equality. He is the past chair of the organization’s board of directors and continues to advise its leadership now that his term has ended. John is also a past president of the Hope and Help Center of Central Florida and was awarded the Chuck Hummer II Visionary Award in recognition of his leadership in the LGBT community. Currently, John serves on the board of directors for both United Arts of Central Florida and the Central Florida Kidney Center.

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