Echoing rival Ventas Inc. (NYSE: VTR), real estate investment trust HCP Inc. (NYSE: HCP) revealed on Monday that it’s feeling the heat from new senior living supply. New construction is particularly impacting the company’s assisted living portfolio, HCP President Justin Hutchens said during the company’s fourth-quarter 2016 earnings call on Monday. The Irvine, California-based health care […]
It’s the start of a new week—the perfect time to catch up on everything you might have missed last week, before this one gets too crazy! In lighthearted news, three residents at a senior living community in Greenville, South Carolina, took part in some “Carpool Karaoke” in celebration of Valentine’s Day. Their knowledge of relatively […]
HJ Sims Arranges $17.5 Million Bond Refinancing for New Hampshire CCRC HJ Sims, an investment bank based in Connecticut, recently arranged $17.5 million in bond financing for a nonprofit continuing care retirement community (CCRC) in Laconia, New Hampshire. The new bonds will replace and restructure existing debt on the CCRC, Taylor Community, in addition to terminating […]
Senior living employees enjoy a “honeymoon period” of high engagement during their first year on the job, according to new data from national senior living research firm Holleran. After that first year, though, maintaining employee engagement—and avoiding turnover—becomes a whole new ball game. First-year senior living employees are almost 10% more engaged than employees who have […]
Senior housing developers that aren’t also building medical office buildings are missing out on a profitable opportunity. That’s the line of thinking, at least, behind new real estate development company LifeCenters Development Group. The Franklin, Tennessee-based company plans to develop both senior housing communities and medical office buildings throughout the southeastern United States—often on the […]
Senior housing providers are notoriously shy when it comes to sharing pricing information online. It’s likely, however, that assisted living organizations would do well to focus more on cost transparency, as paying for assisted living is a sore topic among many senior care buyers discussing their experiences online. Specifically, 44% of negative online conversations about […]
PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]
When it comes to assessing public safety, future senior living residents aren’t necessarily experts. In fact, there are plenty of misconceptions among prospective senior living residents and their families about which U.S. cities are actually safe, according to A Place for Mom Data Scientist Ben Hanowell. With a new report, the Seattle-based senior living referral […]
Overture Plano isn’t your grandma’s senior housing community. “Hip,” “young” and “actually really livable” are all apt ways to describe the 2016 Senior Housing News Design Award winner for Best Independent Living, according to people close to the project. The 169-unit community in Plano, Texas, was designed to attract active adults 55 years old and older—and […]
American House Senior Living residents weren’t always composers, performers or patrons of the arts—but through a partnership with local orchestras, many of the residents can now call themselves all three. Bloomfield, Michigan-based American House, which has around 40 senior housing communities in Michigan, Illinois and Florida, has partnered with the Detroit Symphony Orchestra (DSO), Grand Rapids Symphony […]
Subscribe
Receive industry updates and breaking news from SHN