With the number of new senior living communities recently opened or currently under construction, there is a growing need to update and refresh existing facilities to help improve their viability in the marketplace.
As new senior housing communities, with all of the latest amenities and design trends, are coming online, older facilities need to position themselves as the better local option. The appearance and freshness of a community can have a significant impact on many aspects of a business. Having an attractive, appealing, and comfortable community can improve resident’s happiness and well-being, increase staff morale, and create a more positive public opinion, all which lead to increased occupancy and better financial performance of the community.
Investing in a renovation project can be a challenging process that can seem overwhelming and complicated. The Douglas Company team has experience in planning and executing renovation projects. We know and understand the unique requirements that skilled... Read More >
All of us in the senior living industry understand that inventory growth has exceeded demand, causing vacancies to rise. I was at a recent symposium and one of the speakers said that the decline in demand was caused by the great depression, an intriguing concept. Research indicates that from 1927 to 1933 that birth rates decreased by more than 425,000, over 15%. This would certainly impact demand, it seems.
The speaker then said that this reversed in the 4th quarter of 2017 and that demand was picking up. A study of US census information shows that it started picking up in 1937, escalating significantly through the start of world war two. 1937 was 82 years ago. The average age for entry to senior living communities is 84 according to most of our clients. This would mean there may be a little more time to wait for a resurgence of demand, unfortunately.'
Peter... Read More >
The key for every company to continue to be successful is to constantly raise your company standards. Truly great companies understand the difference in what should never change, and what should be open for change.
Every high achiever who wants to be successful wakes up early, works late nights, weekends, and even holidays, but hard work by itself will not provide sustainable success. Success can be defined in thirteen (13) words “do all the crap you do not feel like doing on a daily basis”. By doing this consistently, success will be much more attainable.
Customers love consistency. It provides the true foundation of trust and that comes from having the discipline to follow processes and to constantly work at improving those processes that are being followed.
Executive Vice President, Midwest Construction Operations
The Douglas Company
... Read More >
In what has been a historically slow adapting industry, we are beginning to see some evolving trends to traditional construction. Below is a list of trends to keep an eye out for in 2019 and beyond:
- Modular Construction: The modular construction market is projected to grow at a compound annual growth rate of 6.9% from $112.4 Billion today to $157 Billion in 2023. This large growth is being driven by the reduced skilled labor force.
- Technology assisting human workers: There are subcontractor’s that are beginning to utilize robotics in assisting and working alongside their human workforce, whether it be tying lifting items, increasing productivity, etc. Those utilizing robotics believe they are reducing the physical strain on workers allowing them to prolong their working careers, as well as, reducing the repetitiveness/redundancy allowing workers to do more meaningful work.
- Design-Build’s Growing Popularity: FMI is predicting spending on design-build to increase around 18% in the... Read More >