Senior Housing Industry Mounts A Comeback As Baby Boomers Age In And New Construction Stalls Out Over the course of three years, Avanti Senior Living survived a global pandemic, a historic winter storm that left Texas without power for nearly six days and two hurricanes. The Houston-area business, which offers assisted living and memory care at seven locations across the South, is fuller today than it was prior to 2020. But Avanti's recovery has been hard-fought, co-founder and Chief Operating Officer Lori Alford said, and it came only after enduring hardships that tested the company’s resilience in unimaginable ways. “I can remember thinking, ‘I’m waiting on the locusts to show up,’” she said. “Nothing else can make this crazier.”
Avanti’s success story is hardly the norm, but, in general, the senior housing industry is beginning to claw its way back from the most disruptive period in its history.New data from the National Investment Center for Seniors Housing & Care shows… Read the full story here. |