Category: CCRCs

Nonprofit CFOs Reveal Senior Living Rent Increases for 2014

The average change in monthly fees charged to existing senior living residents of nonprofit communities this year is 3.05%, the latest data from speciality investment bank Ziegler show, which reveal an increase from the previous year at 2.94%. The October CFO Hotline poll reflects responses from more than 140 nonprofit senior living CFOs nationwide —… Read More »

Senior Housing Finance Activity: CBRE, Grandbridge, Lancaster Pollard

CBRE Capital Markets Arranges $8M Acquisition Financing for Wash. IL, AL Community CBRE’s Senior Housing Debt & Structured Finance team in Houston, TX arranged acquisition financing on behalf of Auctus Capital Partners for Crossroads Retirement Center. Crossroads Retirement Center is a 103-unit independent living and assisted living community located in Bellevue, Wash.  CBRE secured an… Read More »

USA Today: Ask These Questions Before Signing CCRC Contract

Prospective residents often overlook the financial risks they take on when moving into a continuing care retirement community (CCRC), USA Today suggests, adding that prospects need to ask hard questions about the community’s financial viability before making the transition. Entrance fees for CCRCs, of which there are some 2,000 nationwide, can run anywhere from $100,000… Read More »

Most Read: 4 Ways Providers Are Reinventing Senior Housing

In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: 4 Ways Operators Are Reinventing Senior Housing — Through small and hybrid homes, pocket neighborhoods and downtown CCRCs, senior living providers are tackling their construction projects with an eye toward the latest design trends.  CCRC Sees New… Read More »

Senior Living Occupancy, Rents Have More to Gain in 2014

Advancements in the broader economy forecast a favorable outlook for across all senior housing property types in the second half of 2014, and growth is likely to continue well into next year, according to a new Marcus & Millichap report. Independent, assisted living, skilled nursing and continuing care retirement communities (CCRCs) stand to benefit from improving economic… Read More »

CCRC Sees New Move-Ins by Reversing Continuum of Care

CCRC Sees New Move-Ins by Reversing Continuum of Care

Marketing Matters is brought to you by Solutions Advisors and Retiring by Design. Working together, Solutions Advisors and Retiring by Design give you the analytic and creative synergy to develop unique solutions and achieve optimum results for your senior living community, providing management, operations, marketing, and sales consulting services.   A continuing care retirement community (CCRC)… Read More »

Why Senior Living Can’t Afford to Underestimate Resident Satisfaction Surveys

Boost occupancy. Drive retention. Gain referrals. These aren’t just the results of a great sales approach; they’re the results of a well-executed resident satisfaction survey. And they can be achieved by any community with the right amount of preparation and attention. “If you look at resident satisfaction surveys, it really is the foundation of everything… Read More »

Senior Housing Finance Activity: NorthMarq, Cain Brothers, Ziegler

NorthMarq Capital Refinances $7M for Iowa Senior Housing NorthMarq Capital’s Omaha-based regional office secured a $7.366 million refinance for Woodlands Creek. Jason Kinnison, senior vice president of NorthMarq Capital’s regional office, secured the refinance for the 70 unit senior housing facility, located at 12605 Woodlands Parkway in Clive, Iowa. The transaction was structured with a 35-year term and… Read More »

CCRC Entrance Fees Up 3.2% as Economy Bounces Back

As the housing market makes its way back to pre-recession levels, continuing care retirement community (CCRC) entry fees have also been on the rise, according to a Ziegler CFO Hotline report.  In fact, 65% of the 137 surveyed chief financial officers throughout the country reported that their community’s entry fee has increased in the past… Read More »

Senior Living Non-Profit Looks to Acquire Sears Methodist Post-Bankruptcy

Dallas-based Buckner Retirement Services, Inc. (BRS) may soon become the largest non-profit senior living provider in the state of Texas with plans announced Thursday to pursue a potential acquisition of Sears Methodist Retirement System, Inc. The non-profit, faith-based ministry said it plans to pursue an affiliation with or acquisition of the Abilene, Texas-based Sears, which… Read More »

Lawmakers Work for CCRCs and ACOs To Get Along

Proposed legislation is gaining traction on Capitol Hill that would allow states to create Accountable Care Organizations (ACOs) for seniors in continuing care retirement communities (CCRCs) with existing Medicare and Medicaid coverage. Congressmen Joe Barton (R-Tex.) and Ralph Hall (R-Tex.) recently signed on as cosponsors of the proposed bill, HR 2376 or the Medicare Residential Care… Read More »