Retirement communities and financial planners: historically the two have not gone hand in hand. But a push for working together, rather than separately when planning for long term care—and paying for it—could work to break down the walls that have existed in the past. “[Twenty years ago] you never heard of a financial planner being […]
Category: CCRCs
Consolidation activity among smaller continuing care retirement community systems has been low in recent years despite some compelling reasons for doing so, but it may ramp up as interest rates climb. Rather than mergers or outright acquisitions, through, CCRCs may look toward affiliation. There’s been a surprisingly low level of M&A activity among CCRCs in the […]
A Kansas continuing care retirement community is looking to stay competitive going forward by using an $85 million refinance to reposition its campus and prepare for the future. Presbyterian Manors of Mid-America, Inc. (PMI), a not-for-profit organization, owns and operates 16 senior living communities in Kansas and Missouri and will use a portion of the […]
Senior living providers are seeking ways to counteract the double-edged sword of revenue loss that happens when seniors put off a move into a community—upping the average incoming age of residents while decreasing the average length of stay—and some are using their existing residents to help. As many as 80% of seniors looking into a […]
Peace of mind was named as a primary motivator to move into a continuing care retirement community (CCRC), residents told U.S. News: Money as part of a two-article series on retirement community living. A group of 10 residents—four couples and a widow and widower, ranging in age from 72 to 92—talked about their retirement living experiences […]
Erickson Living has acquired all of the senior debt of the Devonshire at PGA National, an insolvent continuing care retirement community located in Palm Beach Gardens, Fla. currently owned by SHP Senior Living Services. The owner of the Devonshire and the associated Chatsworth healthcare properties defaulted last year on a $158.4 million mortgage loan and approximately $17 million […]
As a new generation of older Americans adopt technology on their own terms and at their own pace, senior living communities are challenged with not just accommodating, but also anticipating their preferences and expectations. Many seniors in the “transitional generation”—a hybrid of the silent generation and early boomers—still lead active lifestyles, continue to work past […]
A CCRC in an Arizona town with a dense senior population is branching out into the community offering services that are helpful for consumers and also increase the provider’s presence and potential referral base. La Posada at Park Centre, a not-for-profit Life Care CCRC in Green Valley, Ariz., made the decision to start expanding services […]
An unlikely partnership between several Baltimore-area public and private investors has fostered the repurposing of an old stadium into an affordable continuing care retirement community (CCRC), a project that’s been nearly 15 years in the making. The Govans Ecumencial Development Corporation (GEDCO) was one of the many competitors vying for the site of Baltimore’s old […]
With new development in the pipeline and coming onto the market, senior housing operators and landlords are looking for ways to reposition existing properties to target future generations and achieve return on investment. “There’s more segmentation [in the senior living industry]. People are trying to brand,” said Daniel Decker, founder and principal of investment firm CoastWood […]
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