Though senior living executives might not experience any multi-million dollar pay hikes on the caliber of JPMorgan Chase CEO Jamie Dimon’s recent $8.5 million, 74% raise, they did see modest salary growth in 2013 compared to the previous year. On average, assisted living executive salaries rose within the 1%-3% range on a national scale across all […]
Category: Assisted Living
Caring.com on Tuesday released its annual list of top-rated assisted living and memory care communities according to consumer ratings and reviews, with 405 communities named 2014 Caring Stars. “Congratulations to the Caring Stars communities for earning high praise from residents, families, and senior care experts on Caring.com thus achieving this award of service excellence,” said […]
LCS announced an agreement to acquire Encore Senior Living, a management company based in Portland, Ore. that operates nine communities across the country. Under the deal, Peter Muhlbach, Encore’s principal and several other key employees will join LCS and continue to manage the communities under the Encore brand. The acquisition becomes effective February 1, 2014, […]
Capital Health Group acquired a regional portfolio of seven senior housing communities on December 31, 2013. The eighth asset in the portfolio will close upon the successful assumption of the Department of Housing and Urban Development loan currently encumbering the community. The portfolio was sold by joint ventures composed of private investors and public REITs […]
Real estate investment trust LTC Properties (NYSE: LTC) is shopping for a new tenant for 37 of its assisted living properties nationwide. The company has decided not to renew its leases that are due to expire at the end of this calendar year with Assisted Living Concepts and Extendicare Health Services. LTC said it has […]
Lawmakers have proposed a package of bills meant to reform California’s assisted living industry after an investigative series revealed what the UT-San Diego termed “inadequate supervision and other problems” at several communities. Senators Marty Block, Ellen Corbett, Mark Leno, and Assembly Members Toni G. Atkins, Susan Talamantes Eggman, Nancy Skinner and Mariko Yamada are among […]
Senior housing occupancy continued to improve across various property types during the fourth quarter of 2013 while construction activity began to moderate slightly, according to the latest data from the National Investment Center for the Seniors Housing & Care Industry (NIC). Overall, the average occupancy rate for senior housing properties during the fourth quarter was […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Freddie Mac Unveils New Senior Housing Product, Greystone First to Market—Freddie Mac released a revolving credit product specific for senior housing borrowers. Greystone was the first to secure the credit facility for a developer client, in […]
Add-on services, wellness programs and technology are just a few key aspects senior living professionals expect will earn their place as senior living mainstays in the following year and beyond. Take computer labs and on-site car rentals, for example. They’re no longer “nice-to-haves,” but are quickly becoming necessities as senior residents expect technology and transportation […]
Construction: Planned Isakson Living $200M CCRC Delayed Again A $200 million senior living project from Isakson Living has been delayed again following the rescheduling of a zoning hearing by the Cobb Planning Commission of Cobb County Georgia, reports the local Patch. The delay, according to Patch, was due to the commission’s decision to appoint a […]
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