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TOP U.S. MARKETS FOR SENIOR LIVING Yr/Yr
Metro Area 1
2 3 4 5 6
7 8
9 10
Inventory Yr/Yr Unit Change
Percent Change
Share of Total Inventory
Source: NIC MAP Data Service
Harbor Retirement (No. 63 this year vs. No. 46 in 2015), and Era Living (No. 87 this year vs. No. 54 in 2015). At least part of the changes in rankings can be
attributed to the addition of several companies that either grew capacity to qualify for the list or responded to requests for information this year. The 2016 list was expanded to include 100 pro- viders. The newest additions to the list include Bridgestone Senior Living (No. 32) and WSH Management Inc. (No. 46), as well as smaller companies Keystone Senior Living (No. 70), Ridgeline Management Company (No. 68), Ci- vitas Senior Living (No. 74), LCB Senior Living (No. 71), Allegro Senior Living (No. 78),
Juni-
per Communities (No. 79), Traditions Manage- ment (No. 83), Premier Senior Living (No. 91), and Sound Health Hawaii (No. 95).
TOP 10 INDEPENDENT LIVING PROVIDERS
Top 100 List Provider 2
Rank on 1
6 3 4
11 7 8 9
17
Independent Living Resident Capacity
has 22 properties, including both acquisition and development that will open in the next two years. On the opposite end of the spectrum, several companies
reported shrinking capacity—most notably, Brookdale, which while still solidly the largest provider in the industry, shed nearly 10 percent of its capacity between 2015 and 2016, based on numbers reported to Senior Living Executive. Among the other companies that announced lower capacity this year are Century Park (down to No. 23 from No. 13 in 2015), Sagora Senior Living (No. 44 this year vs. No. 32 in 2015),
8 SENIOR LIVING EXECUTIVE /
Growth Opportunities The data bears out industry observers’ assertion of expanding senior living capacity. Total senior living resident capacity for the largest 80 provid- ers was 524,625 in 2015 vs. 541,606 today (top 80 only), for an increase of 2.5 percent. Find- ings are similar for the NIC MAP Primary 31 Markets where inventory increased by 12,520 units (2.3%) between the second quarter of 2015 and the second quarter of 2016, according to Mace. “Eleven percent of this activity took place in Minneapolis, followed by Dallas with a 9.8 percent share,” she says. “The industry is going through a decent
growth surge right now in terms of units,” says Five Star’s Mackey. “Construction has really ticked up over the past few years and a lot of that product is coming on line now.” Expect some of that growth to come in the
suggests Steve Kennedy, senior managing direc- tor for Lancaster Pollard. “There is a growing - uct targeted toward low and moderate income. We expect to see more product developed by vertically integrated provider teams (developer,
contractor, operator), particularly in states with more favorable Medicaid-waiver programs.” The market for models that serve the middle- and low-in- come markets will continue to grow, agrees Rick Banas, vice president of development and positioning for Gardant Man- agement Solutions. “While baby boomer customers are likely -
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