Capital Senior Living Corporation (NYSE:CSU) recently completed the acquisition of five senior living communities for a purchase price of $49.4 million. The communities, located in Texas and Indiana, offer levels of care that include independent living, assisted living, and memory care. CSU financed the communities with approximately $37.5 million of 10-year, fixed rate, non-recourse debt […]
Category: Assisted Living
With some senior living communities seeing a higher average age and acuity level in residents, due at least in part to the desire to age in place, now is a good time to start thinking about the legal issues that could arise, according to a lawyer speaking at a session during the National Investment Center […]
MedHoldings, Inc. recently acquired an assisted living facility near Atlanta, Ga. through an affiliate for $6.6 million. The Carlton, formerly known as Summer’s Landing Mt. Vernon, is an assisted living and memory care community which follows Jewish traditions, including kosher food service, one of just a few assisted living communities in the United States to […]
Move over, assisted living and nursing homes—there are new alternatives in town for retiring seniors, and they’re more adventurous and personalized than ever before, according to a recent Wall Street Journal article. A growing number of intrepid retirees, wary of spending years in an assisted-living facility or staying at home, are opting for arrangements that […]
JCH Consulting Group, a senior housing and care facility brokerage firm, recently announced the $6 million sale of an assisted living community located in Lompoc, California. The Lodge of Lompoc is a 67-unit, 130-bed assisted living community that had an occupancy rate of about 80% at time of sale. The seller, Lompoc Retirement, Inc., was […]
A majority of baby boomers “prefer to improve their dynamic lifestyle” in retirement with a move into an active adult community, according to a new Global Industry Analyst report on Adult and Retirement Communities. “Active adult communities are analogous to Disneyland for the adults, or in other words, an amusement park that provides a huge […]
The nation is gearing up for an impending “silver tsunami,” and part of that includes making sure senior housing communities are prepared to care for a growing number of seniors with memory impairments. One trend that’s becoming increasingly common: assisted living communities that didn’t originally offer memory care services are now making moves to provide […]
The Department of Housing and Urban Development (HUD) is making $25 million available to help convert multifamily apartment buildings into assisted living communities or service-enriched housing for low-income senior citizens. The funding comes from HUD’s Assisted Living Conversion Program and will provide grants for the physical conversion of eligible multifamily assisted housing projects (or parts […]
Michigan state senators introduced a bill last fall that amends the state’s public health code to include the requirement of designated on-site private examination rooms in certain senior living communities, which encompasses assisted living centers and skilled nursing facilities. Senate Bill No. 747 requires both “homes for the aged” and nursing homes that provide medical […]
The face of senior care is changing, with assisted living and other types of residential care facilities beginning to look increasingly like nursing homes in terms of age of residents and services provided, says a Forbes article, and both senior care providers and the government need to make changes to reflect this. “Owners of care […]
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