Senior Housing Layoffs Begin In 2009 At Erickson

On the Record: Steven Insoft, CFO & COO of Aviv REIT

While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of [...]

On the Record: Majd Alwan, Executive Director of LeadingAge CAST

With technological advancements tied so closely to the future of senior care, Senior Housing News recently interviewed Majd Alwan, Ph.D., the Senior Vice President of Technology and Executive Director of the Center for Aging Services Technologies (CAST) at LeadingAge, an association of not-for-profit, long-term care providers of senior services. At any given time, CAST is [...]

On the Record: Keith Reuben, EVP of Commercial & Specialty Lending at Capital One Bank

In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, [...]

On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living

In 2009, the company known as Erickson Retirement Communities, headquartered in Baltimore, Md., filed for Chapter 11 bankruptcy protection. In December of that year, Hanover, Md.-based Redwood Capital Investments LLC bought most of the bankrupt company’s assets for $365 million, out of which emerged Erickson Living. Senior Housing News recently caught up with Adam Kane, [...]

On the Record: David Reis, CEO of Senior Care Development

After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care [...]

Q1 Earnings Highlights: Health Care REIT on Growing Post-Acute Care Platform

Healthcare real estate investment trust Health Care REIT (NYSE:HCN) recently released its first quarter earnings report and held an earnings call discussing the quarter; highlights include a focus on its partnership with Genesis HealthCare; increasing value through private pay portfolios; and growing a post-acute platform.  Back in February 2011, Health Care REIT acquired most of [...]

Updated Guide “Demystifies” Financing Options for Nonprofit Senior Living Providers

As America’s older population grows, so does the demand for affordable senior housing—especially following the economic downturn. Considering nonprofit providers’ need to access capital at a reasonable cost in order to supply an increasingly necessary commodity, Lancaster Pollard recently updated its “Financing Options for Nonprofit Senior Living Organizations” guide. The guide is meant to “demystify” [...]

Want Greater Access to Capital? Consider Seeking a Credit Rating

Credit ratings can be useful for senior living providers—even the smaller companies—for improving access to capital, gaining economic value through demonstrating financial health, and benchmarking performance against other similar organizations, said a group of panelists during an online senior living conference held in March, reports Healthcare Finance. “At its core, credit ratings provide transparency and [...]

Senior Housing Finance Activity: Love Funding, Berkadia, Cambridge Capital (5/10/2012)

Love Funding Secures $8.56 Million Construction Loan for Fla. ALF Love Funding recently closed an $8.56 million loan for the construction and permanent financing of Viera Manor Assisted Living Facility, a new senior living center in Viera, Fla., meant to provide housing for U.S. veterans. Laura Saull-Smith, a senior director at Love Funding out of [...]

HCP Inc.’s Profits, FFO Soar in Q1 After Making $40 Million of Investments

Healthcare real estate investment trust HCP Inc. saw its net income attributable to common shares more than double in the first quarter ended March 31, 2012, to $175.3 million, compared to $63.9 million the previous year. Net income applicable to common shares rose to $0.43, compared to $0.17 in 2011. FFO per share increased 60% in [...]