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Developers See Opportunity as Old Nursing Homes Become Obsolete

The design elements for post-acute care facilities of the 1960s, such as shared rooms and cafeteria-style dining, have become dinosaurs of the industry. In their stead are upscale, hotel-style models that are redefining post-acute care communities, industry experts agree. “The transitional and long-term care facilities of 40 years ago are functionally obsolete,” said Zeke Turner,… Read More »

Senior Living Faces Danger in Lack of Resident Background Checks

Senior living operators are behind the curve on several important standard procedures that have long been deemed the norm in the housing industry, experts say. The growing senior housing space, which many say is still in its infancy relative to other property types, has a lot left to learn from other housing players, including the… Read More »

Aegis Living Appoints Judy Meleliat as New Company President

Aegis Living has appointed its former Chief Marketing Officer Judy Meleliat to serve as the company’s new president, joining a handful of women C-suite leaders among the largest assisted living providers in the nation. Aegis, which ranked No. 51 of the nation’s largest senior living providers in 2014 by the Assisted Living Federation of America,… Read More »

Capital Raise Launches $100 Million for China CCRC

A Hong Kong-based investor and a global capital raising firm have accumulated U.S. $100 million via insurance-based bonds for the development of a Chinese continuing care retirement community (CCRC). Assisted by Hong Kong’s First Equity Finance Company and IFA Capital, Chinese development company Jiangsu Suja Group Ltd. will raise the $100 million to construct a CCRC… Read More »

Formation Capital, Safanad Acquire 14 SNFs for $150 Million

Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds with 11 facilities… Read More »

Providers Prepare For Huge Wave of Memory Care Competition

Memory care is quickly risen what some are calling the “flavor of the year,” when it comes to new senior housing construction across the nation. While other property types have ticked up and down over the last eight years, during and following the housing crisis, memory care construction has slowly and gradually increased over time,… Read More »

LTC Insurance Group Seeks Assisted Living Partner for Advocacy Campaign

A national advocacy organization is looking to partner with an assisted living provider to raise awareness for the importance of planning for long-term care services. The American Association for Long-Term Care Insurance is currently seeking an national assisted living organization interested in creating heightened awareness for the use of long-term care insurance to pay for the… Read More »

Senior Living Provider Makes Home Care Cuts, Citing Turnover Woes

Across an industry landscape where many community-based senior living and care providers are adding home care services to their offerings, one East Coast provider has announced it will be doing the opposite.  Citing operational challenges involved in providing home care services, namely those associated with staffing for home care, Country Meadows Retirement Communities, which operates… Read More »

Economy and Capital Remain Biggest Risks for REITS in 2014

While general economic conditions continue to be the No.1 risk factor self reported by real estate investment trusts (REITs) for three years in a row, according to the latest BDO RiskFactor Report, other concerns, such as cyber security, are now more prevalent than in years past. Despite the challenges and uncertainties around the economy and… Read More »

Galleries, Theatre Rank High for Top Arts-Focused Senior Living Communities

Thirty retirement communities nationwide have proven to be the best spots for seniors to indulge in culture and the arts, with Georgia-based Reynolds Plantation topping the list.  The rankings are made by BestRetirementDestinations.com, an independent authority on retirement communities. This month’s Culture & Arts rankings are based on five criteria: Galleries & Museums (quantity and proximity of cultural opportunities),… Read More »

Greystone Acquires ARA Seniors Housing Group to Become One-Stop Shop

Greystone, a New York-based senior housing and multi-family real estate lender, will become a one-stop shop for its senior living providers seeking debt financing, brokerage and advisory services with its acquisition of ARA Seniors Housing Group. Though the acquisition price was not disclosed, the new entity, Greystone Real Estate Advisors, Inc., will provide a range… Read More »