Consolidation in the senior housing sector remains the name of the game going forward in 2013 as the overall industry moves toward efficiency, according to a recent Seniors Housing Research Report, but construction levels are picking up as well. Small operators with only a couple assets that need significant technology upgrades may find the current… Read More »
Construction: Planned Nampa, Idaho OKs Proposal for Affordable Senior Housing The City Council of Nampa, Idaho approved an ordinance this week to create 50 units of affordable housing for low-income seniors, Idaho Press reports. The project will be developed by Community Development, Inc. (CDI) and will require about $350,000 in renovations on the site of the… Read More »
Foreign investors interested in China’s senior housing space gained another foothold with a new law jointly issued by China’s Ministry of Commerce and Ministry of Civil Affairs regarding rules and procedures for the establishment of for-profit senior care facilities. “Even though the notice only applies to investors from Hong Kong and Macau, its impact is… Read More »
Construction: Planned ERH to Expand Into Indiana With YMCA Senior Housing Development Episcopal Retirement Homes (ERH) as been awarded competitive tax credits by the Indiana Housing and Community Development Authority for its project, Senior Housing at Anderson YMCA. The Anderson YMCA project is expected to begin construction in January 2014—with completion anticipated for early 2015—which… Read More »
Senior housing developers may still encounter difficulty obtaining financing for ground-up projects despite reports of the increasing availability of capital, and future growth plans play a crucial role in what kind of capital they pursue. Just because real estate investment trusts (REITs) enjoy a low cost of capital doesn’t mean they’re the best source of… Read More »
The availability of real estate investment trust (REIT) financing for new senior housing projects is highly dependent on not just the REIT’s relationship—future or existing—with the developer, but also both parties’ goals and objectives, builders and capital sources say. Most healthcare REITs have some level of involvement in senior housing construction financing, but it’s rare to see… Read More »
Construction: Planned Kisco Senior Living Converting IL Units into AL at Va. Community Kisco Senior Living is renovating and expanding its First Colonial Inn property in the Hilltop area of Virginia Beach. The Carlsbad, Calif.-based company also said it is converting some of the building’s units that are currently independent living into assisted living accommodations. … Read More »
Columbia Pacific’s China-based affiliate Cascade Healthcare is partnering with one of China’s largest real estate developers and has a more than $100 million pipeline of senior care facilities in the works, including one that will open this year. The partnership with Sino-Ocean Land, announced Tuesday, marks the first time a foreign senior living operator has… Read More »
Construction: Planned Chicago Mayor Proposes $19 Million Low-Income Senior Housing Development Chicago Mayor Rahm Emanuel introduced financial measures to City Council that would support the development of a 72-unit affordable senior apartment building in the city’s west side neighborhood of Humboldt Park. The $19.4 million complex would be located at the southeast corner of North Avenue and… Read More »
Senior Care Tech Innovation Shines at TedMed 2013
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
Will Google’s Robo-Cars Drive Senior Independence?
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
“Digital Pills” Could Help Senior Care With More Than Just Meds
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
On the Record: Tana Gall, Partner & President of Leisure Care
Tana Gall, president of Seattle-based retirement community management company Leisure Care, made the leap into the senior living industry almost 19 years ago after being lured away from a job in advertising and marketing. Since then, she has used her extensive knowledge of her own company and the industry as a whole as she leads Leisure… Read More »
On the Record: Scott Brinker, EVP of Investments at Health Care REIT
One of 2012′s biggest senior living deals, the $845 million acquisition of Sunrise Senior Living by Health Care REIT, Inc. (NYSE:HCN) in a transaction that spun off the company’s management team and gave Sunrise investors $14.50 per share, was completed two weeks ago but continues to grow as joint venture interests are bought out. The… Read More »
On the Record: Alan Rosenbloom, President of The Alliance for Quality Nursing Home Care
The nursing home industry hasn’t exactly had the easiest of paths for the past fifteen or so years, especially after Congress’s Balanced Budget Act of 1997 attempted to restructure the Medicare reimbursement system and ended up cutting about $16 billion from the program, instead of the originally intended reduction of about $9-10 million. Alan G. Rosenbloom,… Read More »
