Brookdale Senior Living is repositioning many of its units to meet current demand metrics, and it’s trending toward higher acuity, according to the senior living operator’s first quarter earnings call. “The product that is coming into the investment profile tends to be a higher acuity product. There’s a fair concentration there of adding assisted living where [...]
This roundup links to several tech-related articles, as multiple news outlets are reporting on the latest technological developments and advances, including how Health Care Reform could impact electronic health record implementation, how consumer community sites are 24 times more likely to adopt social media tools than health organizations, and the battle between the FDA and [...]
It’s not uncommon for people to negotiate prices for flea market finds, cars, or even houses, but one area where most people don’t think to bargain is retirement residences—and they should, reports the Wall Street Journal. Especially at continuing care retirement communities (CCRCs)—most of which charge entrance fees—incoming residents could save a bundle, like a [...]
As assisted living regulations evolve and tighten, Medicare and Medicaid reimbursements fluctuate, and healthcare reform begins to take effect, many states are facing their own challenges as they continue to develop, operate, and implement new rules and programs. Here is a collection of long-term care related stories from across the nation that are worth reading. [...]
Seattle-based senior housing management company Leisure Care recently took over the management contract of a five-property portfolio of Texas independent living communities, marking a 17% growth for the company’s management portfolio. The contract is for all of The Conservatory Senior Living’s retirement communities, and includes 1,053 apartments. Leisure Care now manages more than $1.5 billion [...]
With most older adults preferring to remain in their homes, according to studies by both AARP and MetLife Mature Market Institute, many senior living providers are seeing a need to expand their market by providing services outside of traditional settings. That’s not to say, however, that traditional senior living services aren’t still relevant. The number [...]
With many towns and areas seeing their senior population increase, local governments are looking for ways to allow their older residents to remain in the community. That’s a trend one Minnesota senior housing builder is beginning to notice, according to a recent Finance & Commerce article. “The future of senior housing will be really quite blurred,” [...]
Renovating and retrofitting are going to increase in popularity, and new homes should be built with the elderly in mind, according to Henry Cisneros, former Department of Housing and Urban Development Secretary and executive chairman of investment firm CityView, in an interview with Builder. With America’s older population segments set to double and even triple, [...]
Real estate investment trust Equity LifeStyle Properties’ founder and chairman, Sam Zell, can add a new epithet to his list, which includes ‘failed newspaperman’ and, perhaps most famously, ‘Grave Dancer’—he’s now being called a grandma gouger, reports Crain’s. Zell’s company, ELS, owns or has ownership interest in nearly 400 resort communities across the United States, [...]
On the Record: Steven Insoft, CFO & COO of Aviv REIT
While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of [...]
On the Record: Majd Alwan, Executive Director of LeadingAge CAST
With technological advancements tied so closely to the future of senior care, Senior Housing News recently interviewed Majd Alwan, Ph.D., the Senior Vice President of Technology and Executive Director of the Center for Aging Services Technologies (CAST) at LeadingAge, an association of not-for-profit, long-term care providers of senior services. At any given time, CAST is [...]
On the Record: Keith Reuben, EVP of Commercial & Specialty Lending at Capital One Bank
In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, [...]
On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living
In 2009, the company known as Erickson Retirement Communities, headquartered in Baltimore, Md., filed for Chapter 11 bankruptcy protection. In December of that year, Hanover, Md.-based Redwood Capital Investments LLC bought most of the bankrupt company’s assets for $365 million, out of which emerged Erickson Living. Senior Housing News recently caught up with Adam Kane, [...]
On the Record: David Reis, CEO of Senior Care Development
After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care [...]
