Category: Senior Care

HealthLease REIT Makes $102M of Senior Housing Acquisitions

Toronto-based HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) recently acquired seven senior housing properties for more than $102 million. The Mainstreet-affiliated REIT purchased a four-property portfolio for $49.4 million at a 8.3% cap rate consisting of two skilled nursing facilities and two assisted living communities located in North Carolina, Virginia, and Pennsylvania. The portfolio includes… Read More »

Doppler Radar Tech Coming to Senior Living

The senior care market is brimming with remote monitoring technologies, with devices tracking the health and well-being of elders via motion sensors, Wi-Fi and now Doppler radar. Like many remote monitoring tech companies dedicated to helping seniors age in place, the Doppler Frequency Signature developed by Villanova University’s College of Engineering wants to revolutionize, as… Read More »

How to Finance Your Non-Profit Senior Housing Acquisition—Sign Up Now

When a for-profit seniors housing owner/operator decides to acquire a nonprofit senior living facility, how does it successfully get from the offer to the closing table? Sign up to learn how. Brought to you by Lancaster Pollard and Senior Housing News, this FREE webinar, How to Successfully Finance the Acquisition of a Nonprofit Community will provide… Read More »

Green House Model Gains Traction as Providers See Payoff

With increasing regulatory pressures and focus on quality care metrics, more than 100 skilled nursing facilities (SNFs) have turned to a new model of care to help them adapt their operations. Now with several years of history under way, providers are starting to say with confidence that the “Green House” model also nets savings in… Read More »

Developers Eye Hotel Conversions as Next Senior Living Opportunity

As senior housing development continues to take cues from the hospitality industry, conversion projects that transform defunct hotels into senior living communities might be more trouble than they’re worth, though it largely depends on the property type. Resident acuity levels and complying with varying states’ building code requirements makes hotel conversions more feasible projects for… Read More »

Top News of the Week: Kisco’s $160M Pipeline, Rebranding for Boomers

In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Kisco Senior Living Targets Mixed-Use Communities for $160M Pipeline—Recent development by Kisco may be some indication, but the owner-operator-developer has about $160 million worth of development still on the way. Much of the development will target mixed-use, master-planned… Read More »

Florida CCRC Survives Bankruptcy Scare, Restructures Debt

A Florida continuing care retirement community has emerged from Chapter 11 bankruptcy after successfully restructuring about $62 million of debt.  The Jacksonville-area CCRC, sponsored by not-for-profit organization Life Care St. Johns d/b/a Glenmoor, entered a formal restructuring process in early July 2013, with its plan receiving near-unanimous approval by all parties involved. At the time… Read More »

Long Term Care Insurance Image Suffers, But More in Need Than Ever

The long-term care insurance business has experienced ups and downs of late—and it’s still in a state of flux, writes columnist Elizabeth O’Brien in her Retire Well column on MarketWatch.  But, given that the vast majority of Americans don’t have long term care insurance and many have saved on average, less than $25,000 for their… Read More »

Brookdale, Emeritus One Step Closer to Closing Merger Deal

Brookdale Senior Living (NYSE: BKD) and Emeritus Corp. (NYSE: ESC) are one step closer to closing the merger that will make them the largest senior living provider in the nation. The companies announced Thursday that the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, allowing the merger to move forward… Read More »

Home-Like Senior Living Option Gains Appeal as Community Alternative

If a rising trend in Kansas is any indication, there may soon be many more small, home-like options competing with large, traditional senior living communities.  In Shawnee County, Kansas, local provider Oakley Place has opened two new “home plus” facilities in the past year to serve seniors in home-like settings with 12 residents and a… Read More »

Senior Housing Rate Projected to Double, Driven By Urban Development

Senior Housing Rate Projected to Double, Driven By Urban Development

Senior housing could be in for a big surge—as much as double the current penetration rate—as baby boomers continue to sell their homes and move toward more amenities in urban centers across the country. Many are seeing their retirements unfold in those urban centers and are seeking new and modern housing options rather than independent… Read More »