Author Archive: Alyssa Gerace

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Senior Communities Win Resident Buy-In Through the Arts

Some senior living providers are generating community buzz—and simultaneously engaging residents—by carving out a niche in the arts. Meta Housing Corporation’s developments include three senior arts colonies along with a focus on arts programming throughout its senior housing portfolio, while a Sunrise Senior Living community recently kicked off its first-ever playwriting residency through a partnership… Read More »

Jobs Open at Erickson Living, Senior Living Communities, MCL & More

Senior living employers are looking to fill a variety of positions on teams across the country, from care center administrator to director of wellness. Erickson Living, Senior Living Communities, and Keystone Communities are among those hiring for positions that include assisted living nurse manager to director of facility services and regional sales and marketing manager.… Read More »

HealthLease REIT Makes $102M of Senior Housing Acquisitions

Toronto-based HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) recently acquired seven senior housing properties for more than $102 million. The Mainstreet-affiliated REIT purchased a four-property portfolio for $49.4 million at a 8.3% cap rate consisting of two skilled nursing facilities and two assisted living communities located in North Carolina, Virginia, and Pennsylvania. The portfolio includes… Read More »

Private Equity Groups Sold Sunrise Stake for $400 Million

The three private equity groups that invested in Sunrise Senior Living’s management business sold their stake for $400 million, according to a letter to investors obtained by Bloomberg News. Kohlberg Kravis Roberts & Co. L.P. (KKR), Beecken Petty O’Keefe & Company, and Coastwood Senior Housing Partners LLC purchased an 80% stake in the business for… Read More »

Long-Term Care M&A Logs Red-Hot First Quarter

Transaction activity in the long-term care space continued at a red-hot pace in the first quarter of 2014, up more than 36% from last year, according to an Irving Levin report on M&A in the health care industry.  Deal volume for the nine health care services sectors tracked in The Health Care M&A Report, released in… Read More »

Largest Senior Living Associations Abandon Merger Talk

The senior living industry’s two main trade groups have decided that a proposed merger is “not in the cards” at this time—or maybe ever, according to an email sent by the co-chairs of a unifying initiative. In February, Senior Housing News obtained meeting minutes discussing the possibility of a merger between the Assisted Living Federation of… Read More »

Senior Housing Becoming Mainstream Asset Class for Investors

Senior housing is looking like the ‘flavor of the month’ for investment, its appeal increasing thanks to favorable demographic and performance trends that are expected to continue, investors say. Private equity firm Kayne Anderson Real Estate Advisors has invested more than $700 million into senior housing assets in recent months and believes the sector is… Read More »

PBS Newshour Explores Golden Girls-Style Senior Living

With a growing number of single boomers approaching retirement but lacking adequate resources, some are turning to communal living Golden Girls-style, says PBS in a recent Newshour segment.  The April 16 segment spotlights three longtime friends in their 60s who have spent the past few years living together, part of an ongoing series called “Taking Care”… Read More »

Getting Seniors Hooked on the Internet Key to Tech Adoption

Seniors who regularly use the internet are much more likely to believe it’s a valuable resource, says Pew Research of its latest Internet Project findings, and younger, richer seniors tend to feel more positive toward online platforms.  Similar to Pringles’ former slogan, “Once you pop, the fun don’t stop,” seniors who start using the internet typically… Read More »

Florida CCRC Survives Bankruptcy Scare, Restructures Debt

A Florida continuing care retirement community has emerged from Chapter 11 bankruptcy after successfully restructuring about $62 million of debt.  The Jacksonville-area CCRC, sponsored by not-for-profit organization Life Care St. Johns d/b/a Glenmoor, entered a formal restructuring process in early July 2013, with its plan receiving near-unanimous approval by all parties involved. At the time… Read More »

Senior Living Banks on Rebranding to Capture Boomers

Senior Living Banks on Rebranding to Capture Boomers

A spate of rebranding initiatives in the senior housing space have seen companies dropping words like “retirement” and “assisted living” from their names, with varying motivators. Some have kept “senior living,” while changing other aspects of their brands. All are joined by the common thread of rebranding—and capturing the boomer consumer—although the exact reasons for… Read More »