Author Archive: Jason Oliva

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AdCare Exits Senior Housing Operations, Moves Properties to Holding Company

AdCare Health Systems, Inc. (NYSE MKT: ADK) Wednesday announced it has put a strategic plan in place to transition the company to a healthcare property holding and leasing company. Through a series of leasing transactions, the operations of AdCare’s owned and operated facilities, which count more than 30 nationwide and are principally skilled nursing facilities,… Read More »

Indiana CCRC Leans on New Fee Model After Chapter 11 Bankruptcy Filing

An Indiana continuing care retirement community (CCRC) with $14 million of outstanding debt is leaning on Chapter 11 bankruptcy protection as well as a new fee model for independent living residents to help meet the community’s financial obligations. River Terrace Estates, a CCRC located in Bluffton, Ind., on Tuesday filed for Ch. 11 in the… 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 »

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 »

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 »

Senior Housing M&A Activity Surges to All-Time High

The senior housing mergers and acquisitions market continues to bubble with activity across all property types and reach new heights annually and quarterly, according to the latest report from Irving Levin Associates, Inc. The second quarter of 2014 saw 60 publicly announced senior care M&A transactions, the highest volume ever recorded for the period, up… Read More »

Senior Housing Investors Expect Flat Cap Rates Over Next Year

More than half of senior housing investors, developers and brokers expect cap rates will remain flat over the next year compared to those who expect them to increase, according to a CBRE First Half 2014 Cap Rate Survey.   Surveying influential investors, developers and brokers in the senior housing space throughout the U.S., CBRE’s main… Read More »

In the Pipeline: Senior Housing Construction Projects (7/17/14)

Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place… Read More »

ALFA Rebranding to Address Blurred Lines of Senior Living

Recognizing a shift in the evolution of today’s senior who has needs blurring between various care segments, the Assisted Living Federation of America (ALFA) plans to take a more all-inclusive senior living approach in its rebranding efforts. Those changes could begin to take form in the coming months as the senior living trade association plans… Read More »

Medicare Home Health Cuts to Spur More Short-Term Consolidation

The future may not seem so clear in an industry rife with federal funding cuts, but those in the home health field are certain that the latest batch of rollbacks will signal at least one thing: short-term consolidation among providers. Regulatory cuts to home health Medicare payment rates, such as the 3.5% rebasing cut each… Read More »

NPR Spotlights Senior Care Tech Innovation

A recent report from NPR dipped into the realm of senior care and the bustling technologies that hope to cash in on an industry valued at $2 billion. At the center of the NPR spotlight is Aging2.0, a San Francisco-based startup company that seeks to accelerate the business of fledgling companies trying to break into… Read More »