Category: Senior Housing

AdCare Exits Senior Housing Operations, Moves Properties to Holding Company

AdCare Health Systems, Inc. (NYSE MKT: ADK) Wednesday announced it has put a strategic plan in place to transition the company to a healthcare property holding and leasing company. Through a series of leasing transactions, the operations of AdCare’s owned and operated facilities, which count more than 30 nationwide and are principally skilled nursing facilities,… Read More »

Top Providers Reveal New Ways to Recruit Senior Living Talent

In an industry that is rapidly evolving and expanding, leading senior housing providers are looking outside traditional avenues of recruitment to obtain the greatest and brightest candidates to fill key activity program and management roles. “There is a weakness in our industry of organizations growing from within only,” says Cindy Smith, corporate vice president of human… Read More »

Indiana CCRC Leans on New Fee Model After Chapter 11 Bankruptcy Filing

An Indiana continuing care retirement community (CCRC) with $14 million of outstanding debt is leaning on Chapter 11 bankruptcy protection as well as a new fee model for independent living residents to help meet the community’s financial obligations. River Terrace Estates, a CCRC located in Bluffton, Ind., on Tuesday filed for Ch. 11 in the… Read More »

CNL Healthcare Completes 9-Property Senior Living Portfolio Expansion for $225 Million

CNL Healthcare Properties announced today it has acquired seven senior housing communities in Texas and one in Illinois from developer South Bay Partners, Ltd., for $187.2 million. It is also expanding through a ninth community that will be developed through a joint venture between CNL and South Bay Partners.  CNL Healthcare, an Orlando-based non-traded real… Read More »

Developers See Opportunity as Old Nursing Homes Become Obsolete

The design elements for post-acute care facilities of the 1960s, such as shared rooms and cafeteria-style dining, have become dinosaurs of the industry. In their stead are upscale, hotel-style models that are redefining post-acute care communities, industry experts agree. “The transitional and long-term care facilities of 40 years ago are functionally obsolete,” said Zeke Turner,… Read More »

Senior Living Faces Danger in Lack of Resident Background Checks

Senior living operators are behind the curve on several important standard procedures that have long been deemed the norm in the housing industry, experts say. The growing senior housing space, which many say is still in its infancy relative to other property types, has a lot left to learn from other housing players, including the… Read More »

Aegis Living Appoints Judy Meleliat as New Company President

Aegis Living has appointed its former Chief Marketing Officer Judy Meleliat to serve as the company’s new president, joining a handful of women C-suite leaders among the largest assisted living providers in the nation. Aegis, which ranked No. 51 of the nation’s largest senior living providers in 2014 by the Assisted Living Federation of America,… Read More »

Capital Raise Launches $100 Million for China CCRC

A Hong Kong-based investor and a global capital raising firm have accumulated U.S. $100 million via insurance-based bonds for the development of a Chinese continuing care retirement community (CCRC). Assisted by Hong Kong’s First Equity Finance Company and IFA Capital, Chinese development company Jiangsu Suja Group Ltd. will raise the $100 million to construct a CCRC… Read More »

Providers Prepare For Huge Wave of Memory Care Competition

Memory care is quickly risen what some are calling the “flavor of the year,” when it comes to new senior housing construction across the nation. While other property types have ticked up and down over the last eight years, during and following the housing crisis, memory care construction has slowly and gradually increased over time,… Read More »

LTC Insurance Group Seeks Assisted Living Partner for Advocacy Campaign

A national advocacy organization is looking to partner with an assisted living provider to raise awareness for the importance of planning for long-term care services. The American Association for Long-Term Care Insurance is currently seeking an national assisted living organization interested in creating heightened awareness for the use of long-term care insurance to pay for the… Read More »

Senior Living Provider Makes Home Care Cuts, Citing Turnover Woes

Across an industry landscape where many community-based senior living and care providers are adding home care services to their offerings, one East Coast provider has announced it will be doing the opposite.  Citing operational challenges involved in providing home care services, namely those associated with staffing for home care, Country Meadows Retirement Communities, which operates… Read More »