Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]
K4Connect
There are signs that Covid-19 has propelled more senior living providers to consider diversification strategies, adding new ancillary service lines as a financial and strategic play. The trend was already underway before the pandemic struck, but with Covid-19 eroding occupancy to historically low levels, providers have recognized the risks in tying revenue almost entirely to […]
Senior living providers will be able to more easily and effectively deploy and manage Amazon voice technology at scale through a new enterprise solution from the tech giant. The ability to fleet-manage Amazon’s voice technology is a “big breakthrough,” Atria Senior Living CEO John Moore told Senior Housing News. Atria is among the first providers […]
Senior living providers have found offering technology platforms to residents as an amenity is a driver in boosting occupancy, and the platforms are streamlining the workflows of employees. Residents, meanwhile, are now demanding a variety of content and experiences from providers to keep themselves engaged, and want video platforms in order to stay connected with […]
Cambridge Realty Capital found a way to place new debt during the coronavirus pandemic. The West Palm Beach, Florida-based financial services firm announced it closed on $446 million in interest rate reduction (IRR) loans from April 2020 through December 2020 — activity driven by the firm’s proactiveness to help clients reduce debt load during the […]
More than 1,400 Amazon Echo Show devices will be distributed to assisted living communities across North Carolina by the end of this month, at no cost to providers. That’s thanks to efforts made by the North Carolina Assisted Living Association (NCALA) and senior living-focused technology platform K4Connect. The association and K4Connect have worked together for […]
Amazon (Nasdaq: AMZN) is continuing its push into the older adult market with the launch of an Alexa app called Care Hub, as well new tools recently made available via Alexa for Hospitality. These developments are notable for senior living providers because they offer some new capabilities for Echo devices deployed in communities, and show […]
Love Funding closes $16M in HUD financing Love Funding partnered with the Department of Housing and Urban Development (HUD) on two senior housing financing packages totaling $16.04 million. The firm’s parent company, Midland States Bank, was able to complete short-term bridge loans to secure funding. Highlights: A $3.14 million acquisition of Egida Hogar San Antonio, […]
Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment trusts receiving funding as part of the Federal Reserve Bank of New York’s Secondary Market Corporate Credit Facility (SMCCF), The Real Deal reported. The program, established as part of the […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
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