HJ Sims Completes $98 Million Financing for Life Plan Community in Pennsylvania HJ Sims, a privately held investment bank and wealth management firm, recently completed a $98 million financing for Brethren Village, a life plan community in Lancaster, Pennsylvania. The financing consisted of fixed-rate, BB+ rated Series 2017 refunding bonds, structured with term and serial bonds, […]
The Asbury Group Names Michael Hollen As President Germantown, Maryland-based Asbury Communities, Inc. named Michael Hollen as president of The Asbury Group, a management, consulting and IT solutions company specializing in senior living and long-term care, on June 1. Hollen previously worked as Sodexo Seniors’ vice president of operations, and recently joined The Asbury Group as […]
Investors’ senior housing portfolios are likely to grow in size this year, despite rising interest rates and widespread overbuilding concerns. In fact, 59% of U.S. senior housing investors anticipate increasing the size of their portfolios in 2017, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey, released today by the commercial real estate […]
Hello, Senior Housing News readers! Though summer doesn’t officially start until June 20, we’re feeling pretty summery here in Chicago. Hopefully the weather, wherever you are, has been just as nice. Here are your must-read stories on this fine Monday: Hilton Head, South Carolina, will soon be home to a Latitude Margaritaville community, featuring more […]
Sodexo Chairman and CEO to Retire in January 2018 Michel Landel has announced his plan to retire and step down as the chairman and CEO of Sodexo on Jan. 23, 2018. Denis Machuel, currently Sodexo’s CEO of Benefits & Rewards Services and Personal & Home Services, and Group Chief Digital Officer, will succeed Landel as […]
Some older Americans are opting to move to Mexico rather than to assisted living in the United States. Why? Care is dramatically cheaper south of the border, according to 93-year-old Peter Fowler, a resident at the Serena Senior Care assisted living community in Rosarito, Baja California, Mexico. Fowler had trouble paying for assisted living back in […]
Welcome back, Senior Housing News readers! We hope you had a great Memorial Day weekend—and that the weather wherever you were was sunnier and warmer than ours has been in Chicago for the past few days. Here’s some of our most-read news from last week: Across the U.S., some developers and national capital providers are […]
Sélection Panorama, a 30-story senior housing project currently under construction near Montreal, Quebec, is noteworthy for being the tallest senior housing tower in Canada—but that’s not all. It’s impact will extend far beyond Canada, according to Gaëtan Cormier, the senior vice president of development at Quebec-based senior housing company Réseau Sélection, which is developing the project. Réseau Sélection is […]
It’s no secret that affordable senior living options are going to be in high demand, and that fact is driven home again by a new survey. Only 33% of older Americans have saved any money to pay for their own long-term care, according to the survey of 1,341 individuals conducted by The Associated Press-NORC Center for […]
Pictured above: Dean Maddalena, president of studioSIX5 America’s aging demographic is ushering in a new style of senior housing community—one that looks remarkably different from those that gained popularity 20 years ago. In fact, in some key respects the industry has done done a 180-degree about-face, and what once was “taboo” now is in demand. Senior Housing […]
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