Category: CCRCs

Movers & Shakers — People and Positions for August, Part III

Presbyterian Communities and Services Appoints Director of Nursing Dallas, Texas-based Presbyterian Communities and Services, a faith-based nonprofit comprised of continuing care retirement communities (CCRCs) and hospice services, has named Toni Walker as director of nursing for Presbyterian Village North. As director of nursing, Walker will be responsible for conducting remote and on-site clinical quality assurance… Read More »

Weathering the Storm: How One CCRC Giant Positions Itself For Success

Post-recession, senior living has been called “recession resistant,” due to undeniable demographics and a growing, needs-based clientele. But all companies struggled during the recession, and entry-fee continuing care retirement communities came into the spotlight in particular as older homeowners opted to remain in their homes through the real estate downturn rather than sell them to… Read More »

Fox Business: Living the Life in Luxury Senior Housing

While luxury senior living appeals to aging Americans for the variety of housing situations and amenities they offer, it carries a big price tag, and consumers should take note of details beyond looks, writes Fox Business in a recent article. Citing a California-based continuing care retirement community (CCRC) as an example of a continuum of… Read More »

In the Pipeline: Senior Housing Construction Projects (8/14/14)

Construction: Planned North Carolina CCRC Gets Initial Go-Ahead for $42 Million Expansion A continuing care retirement community (CCRC) in Winston-Salem, N.C. has received an initial approval from state regulators as it seeks to embark on a $42 million expansion of its existing campus, reports Triad Business Journal. Expansion plans call for the CCRC, Salemtowne, to… Read More »

Update: Newcastle to Sell 40 Million Shares for More Senior Housing Acquisitions

Newcastle Investment Corp. (NYSE:NCT) priced its public offering of 40 million shares of its common stock for gross proceeds of about $176 million, the company announced Wednesday. On Tuesday Newcastle said it plans to acquire more senior housing through the sale of the real estate investment trust’s common stock shares. Newcastle’s latest move comes on the heels… Read More »

Movers & Shakers — People and Positions for August, Part II

Ohio-Based Otterbein Names New Executive Director at Cincinnati Area CCRC Otterbein Senior Lifestyle Choices has named Bill Wexler as the new executive director at its continuing care retirement community (CCRC) in Lebanon, Ohio, part of the Cincinnati metro area.  Wexler had been chief operating officer since last year at Ohio-based Deaconess Long Term Care, which owns… Read More »

Changing Background Check Laws Present Gray Area for Senior Living

Criminal background checks are woven into the fabric of senior housing employment practices: They ensure caregivers are fit for their positions, and ultimately protect the vulnerable resident population. But changes in the regulatory landscape may require some operators to adjust their hiring procedures. For most senior housing types, operators are required by federal and state… Read More »

3 Ways Senior Living Nonprofits Combat Scrutiny

In an economy still reeling from the Great Recession, some nonprofit senior living communities are facing increased scrutiny regarding their tax-exempt status. “Nonprofits are coming into the spotlight,” said Nikki Rineer, president of research company Holleran during a recent webinar with Mather LifeWays titled “Community Outreach Tips and Tactics for Today’s Nonprofit.” Adding to the… Read More »

Forbes: Top 6 Factors for Senior Living Shoppers

With an increase in Americans’ life expectancies and a greater push to implement ways residents can age in place, senior housing should be a place that works for the resident today, but also will be suitable in the future, Forbes writes in a recent article. Though people may struggle with the decision to move into… Read More »

Movers & Shakers — People and Positions for August, Part I

Isaac Losh Joins Senior Star as Vice President of Acquisitions Senior Star, a Tulsa, Oklahoma-based real estate services company committed to senior housing, announced Isaac Losh has joined the company as vice president of acquisitions.  In this position, Losh will focus on aspects of the acquisition/merger life cycle, including the identification, underwriting and execution of… Read More »

Senior Living Readies For Disaster With 5 New Prep Techniques

Hurricanes, tornadoes and other severe weather events can have catastrophic consequences for anyone — but those who live in senior living communities can be especially vulnerable. “Moving someone down the hall can cause great difficulty,” says John Dolan, president and CEO of Health Care Association of New Jersey, noting that many seniors have cognitive and… Read More »