Freddie Mac is rolling out a new product for senior housing that will compete with banks and other existing financing sources for development and repositioning within the sector. Greystone has secured the first-ever revolving credit facility for seniors housing offered by Freddie Mac, on behalf of Oakmont Senior Living, in the amount of $150 million. […]
Greystone Communities
For many senior living companies, the holiday season is by far the biggest sales opportunity of the year, with some seeing inquiries increase as much as 25% post-Thanksgiving and double that in January. The industry historically experiences increased inquiries right before and immediately after Thanksgiving, says Chris Rodde, CEO of SeniorHomes.com, an online directory and […]
Happy New Year, senior housing professionals! It’s 2013, and we have a whole new round-up of people who have been making moves and shaking things up in the industry. Did any of your new year’s resolutions include taking a new position or joining a different company? Look for senior housing jobs nationwide on SHN’s job board. Employers: Take […]
With the economic downturn and housing market decline, more continuing care retirement communities (CCRCs) are offering alternative entrance fee refund options to help attract prospective residents, but while many say it’s good business to do so, not all have adopted this practice. There’s a clear trend toward communities offering 50% and even 0% refund options […]
While there are different schools of thought on the practice of offering discounts in senior living, many agree it can be a beneficial strategy to increase occupancy in a tough sales environment—as long as it’s done the right way. Move-in incentives can make the difference between being 88.6% occupied—the national average for senior housing communities […]
Construction: Planned Ill. Senior Community Gets Green Light for $78 Million Expansion Project A senior care community in Arlington Heights, Ill. has gotten approval from the local village board for a $78 million expansion project, reports the Chicago Tribune. Lutheran Home, a healthcare, rehabilitation, and assisted living center sponsored by Lutheran Life Communities, has been […]
Exiting the workforce at a “traditional” age is no longer the norm for many older adults, and senior living communities are learning that in order to keep their residents happy and provide a comprehensively convenient environment, they may have to accommodate a variety of interests—including residents who still work in some capacity. Some retirement communities […]
Making sure senior living community residents are safe is a top priority for operators, and while new technology is being developed to facilitate this goal, there’s also a question of the appropriateness of monitoring independent living residents. Much of the new technology centers around helping residents remain safely independent, but while it can be a […]
As the average age of independent living residents trends upward, some providers are searching for ways to reposition communities to attract younger residents, and renovating properties or introducing programming that incorporates the outside community are some ways to do so. At Gold Medallion, a continuing care retirement community (CCRC) in Tulsa, Okla., the median age […]
With the median age rising for entrants into the independent living portion of many continuing care retirement communities (CCRCs), providers are looking for ways to position their communities to attract younger incoming residents. Positioning communities to attract younger residents boils down to targeting a larger market space, and this can encompass a variety of methods: […]
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