The senior living industry continues to evolve as demand for housing and care services grows with an aging population. Commercial property managers who oversee senior living communities must stay informed about industry leaders and emerging trends. This guide outlines the 15 largest senior living companies today, based on data from the 2024 Argentum Largest Providers Report. Additionally, we will explore key trends shaping the industry, including how AI is transforming senior living operations.

Senior living companies are constantly adapting to the changing needs of their residents. From incorporating new technologies to improve care quality to expanding their facilities to accommodate a growing senior population, these providers play a crucial role in the industry. With Baby Boomers aging into senior housing at an increasing rate, demand for these services is expected to rise significantly over the next decade. This list provides an in-depth look at the largest senior living providers, their operational strategies, and how they continue to shape the industry.

Largest Senior Living Companies in the U.S. 

1. Brookdale Senior Living – 54,328 unitsThe largest senior living provider in the U.S., Brookdale Senior Living operates communities across multiple states, offering independent living, assisted living, memory care, and skilled nursing services. The company has maintained its leadership position through strategic acquisitions and continued investments in resident care. Brookdale is also a leader in implementing AI-driven health monitoring systems to enhance safety and quality of care.
2. Atria Senior Living – 38,007 unitsAtria Senior Living is known for its upscale senior living communities that emphasize luxury, hospitality, and wellness. With a presence in multiple metropolitan areas, Atria offers various care levels, including independent and assisted living, as well as specialized memory care. The company has been actively developing smart living spaces that integrate technology to improve resident experiences.
3. LCS (Life Care Services) – 32,710 unitsLCS manages a diverse portfolio of senior living communities, including continuing care retirement communities (CCRCs). The company focuses on innovative resident services, financial stability, and expanding its footprint through acquisitions and new developments. LCS has also been at the forefront of sustainability initiatives in senior housing.
4. Discovery Senior Living – 30,355 unitsDiscovery Senior Living has grown significantly in recent years, moving up the rankings with its acquisition strategy. The company specializes in resort-style senior living communities, blending luxury amenities with high-quality care. Discovery Senior Living has been investing in AI-powered virtual assistants to enhance communication and engagement with residents.
5. Erickson Senior Living – 24,326 unitsWith large-scale senior living campuses, Erickson Senior Living provides a continuum of care that includes independent living, assisted living, and skilled nursing. The company is known for its focus on resident wellness and financial security. Erickson has introduced AI-driven fall detection systems to improve resident safety.
6. Sunrise Senior Living – 22,982 unitsSunrise Senior Living operates communities across the country, emphasizing personalized care and lifestyle programming for seniors. The company is a leader in assisted living and memory care services. Sunrise has been integrating AI technology to enhance cognitive therapy programs for residents with dementia.
7. AlerisLife (Five Star Senior Living) – 20,979 unitsFormerly known as Five Star Senior Living, AlerisLife focuses on senior wellness and hospitality. Its services include independent and assisted living, as well as home health care options for aging adults. The company has partnered with tech firms to integrate AI-powered telehealth services into its communities.
8. Retirement Housing Foundation – 18,332 unitsRetirement Housing Foundation (RHF) is a nonprofit organization providing affordable senior housing. With a mission-driven approach, RHF offers independent living, assisted living, and supportive housing options across the U.S. RHF has been focusing on developing low-income housing solutions to meet the needs of an expanding senior population.
9. Senior Lifestyle – 16,604 unitsSenior Lifestyle is recognized for its diverse portfolio of senior housing communities, offering a mix of independent, assisted living, and memory care residences. The company is expanding its footprint through new developments and acquisitions. Senior Lifestyle has also been piloting AI-powered caregiver scheduling tools to enhance operational efficiency.
10. StoryPoint Group – 16,203 units  A rapidly growing provider, StoryPoint Group has gained prominence with its resident-first approach. The company focuses on providing a home-like environment and customized care plans. StoryPoint has also integrated AI-driven activity recommendation tools to personalize resident engagement. 

11. Holiday Retirement – 14,981 units

Holiday Retirement has long been a leading name in independent senior living. The company is known for its all-inclusive lifestyle, offering seniors a maintenance-free living experience                    with community engagement. Holiday has recently expanded its smart home technology offerings, allowing residents to control lighting, temperature, and security through AI-powered voice            assistants.

12. Capital Senior Living – 14,500 units

         Capital Senior Living operates senior housing communities that provide independent living, assisted living, and memory care services. The company is focused on affordability and high-                      quality resident experiences. Capital Senior Living has been leveraging AI-driven predictive analytics to assess resident health needs.

13. Enlivant – 13,700 units

Enlivant provides senior housing options in various regions, focusing on personalized care and a strong community atmosphere. The company emphasizes a resident-centric approach to                    assisted living and memory care. Enlivant has integrated AI-based monitoring tools to ensure better response times to resident emergencies.

14. Benchmark Senior Living – 13,400 units

Benchmark Senior Living is a well-established provider in the northeastern U.S., known for its person-centered care philosophy. The company operates communities that offer independent               living, assisted living, and specialized memory care services. Benchmark has also been incorporating AI-driven wellness tracking systems.

15. Five Star Senior Living – 13,200 units

With a strong presence in multiple states, Five Star Senior Living continues to provide high-quality housing and care options for seniors. The company is focused on hospitality-driven senior            living experiences. Five Star has been enhancing its technology infrastructure with AI-powered communication platforms for families.

Trends Shaping the Senior Living Market in 2025 

The senior living industry is experiencing shifts that impact property managers and investors. Some of the most significant trends include:

• Rising Occupancy Rates: After years of fluctuation, communities are seeing occupancy rebound, with some surpassing pre-pandemic levels. Many providers have reported occupancy rates returning to pre-2020 numbers, especially in assisted living and memory care communities. This resurgence is driven by increasing demand from the aging Baby Boomer population and greater confidence in senior living environments following enhanced safety measures and health protocols.
• Market Consolidation: Larger companies continue acquiring smaller operators, driving significant shifts in market share. Many smaller senior living operators are struggling with financial pressures due to inflation, staffing costs, and regulatory changes. This has led to a surge in mergers and acquisitions, with larger providers acquiring struggling independent operators to expand their market reach and gain economies of scale. Consolidation is also enabling companies to enhance service offerings by centralizing resources and improving operational efficiency.
• Limited New Development: Supply chain disruptions, labor shortages, and rising construction costs have slowed new community development, leading to a supply-demand imbalance. Developers are facing increased costs for materials and labor, making it more difficult to finance new projects. As a result, many senior living companies are focusing on repurposing existing buildings or expanding current facilities to accommodate more residents. Some are also exploring creative solutions like converting hotels or former commercial properties into senior living communities.
• Evolving Resident Profiles: More seniors are moving in with higher acuity needs and shorter stays, requiring more specialized care. The average age of residents entering senior living communities has increased, and many are delaying their move until they require more intensive medical or memory care services. This shift is prompting providers to enhance their care models, integrating on-site healthcare partnerships, rehabilitation services, and specialized therapy programs. The trend toward shorter stays has also increased demand for flexible pricing models and contract structures that cater to seniors who may only need a community’s services for a limited time.

AI-Powered Advancements in Senior Living

Artificial intelligence is transforming senior living operations, improving care quality, streamlining staffing, and enhancing resident engagement. Key AI-driven advancements include:

• Predictive Health Monitoring: AI systems analyze health data to detect early signs of illness, reducing hospital admissions. AI-powered health monitoring platforms track residents’ vital signs and activity levels, alerting staff to potential health concerns before they become emergencies. This proactive approach reduces hospital visits, enhances preventive care, and improves residents’ overall well-being. Many senior living communities are integrating wearable health devices that sync with AI-driven monitoring systems to provide continuous health assessments.
• Fall Prevention: AI-powered sensors track resident movements and identify fall risks before they happen. Falls are one of the leading causes of injury among seniors, and AI-driven predictive analytics are helping communities prevent accidents. These systems use motion sensors, pressure mats, and machine learning algorithms to analyze movement patterns and detect changes in gait or balance. If an increased fall risk is identified, caregivers are alerted to intervene before an accident occurs. Some senior living communities are also testing robotic mobility aids that assist residents with movement and stability.
• Staffing Optimization: AI helps property managers predict staffing needs, reducing turnover and improving efficiency. By analyzing past workforce data, resident needs, and occupancy levels, AI-driven scheduling systems help senior living communities allocate staff more efficiently. This reduces employee burnout, improves shift coverage, and enhances overall care quality. AI-powered chatbots and virtual assistants are also being deployed to handle administrative tasks, freeing up caregivers to focus on resident interactions.
• AI Companionship: Social robots and digital assistants provide companionship and cognitive stimulation for residents. Many senior living communities are implementing AI-powered companions to combat social isolation and improve mental health. These robots can engage in conversations, play interactive games, and provide reminders for medications or appointments. AI-driven voice assistants also help residents control their environment, making it easier for those with mobility challenges to adjust lighting, temperature, and security features in their rooms.

The adoption of AI in senior living is expected to continue growing, with advancements in machine learning and robotics creating even more opportunities to enhance the resident experience. While AI is not a replacement for human caregivers, it serves as a valuable tool to complement traditional care models and improve the quality of life for seniors.

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As the senior living industry grows, commercial property managers must stay ahead of market shifts and technological advancements. The largest senior living companies continue to adapt by integrating AI, managing supply constraints, and consolidating operations. With increasing demand for senior housing, property managers will play a critical role in overseeing these communities, ensuring operational efficiency, and implementing new technologies.

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