Transactions and Financings: New Argentum, AlphaROC Partnership; Benchmark Adds Conn. Community

Partnerships Argentum, AlphaROC announce strategic partnership Senior living trade association Argentum and data science company AlphaROC have announced a strategic partnership to “reimagine” market research with the platform Occam. According to a press release, the Occam platform will be launched for Argentum members and allow them to get “faster and easier access to public opinions,” […]

‘Never Do Enough’: Staff Wages Tick Up but Senior Living Providers Still Beset by Labor Woes

Wages for senior living employees in the last four years have risen dramatically but in 2024, operators are reporting slightly lower wage increases compared to past years. And executives are still struggling with staffing issues, including the effectiveness of compensation in driving recruitment and retention. That’s according to a Ziegler CFO Hotline survey conducted last […]

More Senior Living CEOs to Pass the Baton — But Handoffs May Not Be Smooth

This article is available as part of your SHN+ membership Senior living leaders often talk about the generational tailwinds ahead in the form of an aging demographic of baby boomers. What they don’t talk about as much is how those trends will affect their companies in potentially negative ways. As the boomers age, so too […]

Movers and Shakers: LCS Names Executive Vice President, CFO; Kendal at Oberlin Finds CEO

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Transactions and Financings: PointClickCare Acquires American HealthTech; Anthem Adds Two Communities

Acquisitions Foundry Commercial acquires The Village at Keizer Ridge Real estate and investment firm Foundry has expanded its senior housing portfolio through the acquisition of The Village at Keizer Ridge. Following the acquisition, Foundry now owns 30 senior living communities with a total of 1,900 units alongside operating 57 communities. The Village at Keizer Ridge […]

Transactions and Financings: Ziegler Closes on $68.5M for Acts Retirement-Life Communities; Brookdale Secures $179.5M Refinancing

Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]

Transactions and Financings: IRA Capital Acquires 140-Unit Community; Ziegler Closes on $76.9M Bond Series for LPC 

Acquisitions IRA Capital acquires $41M, 140-unit community IRA Capital, a private equity firm, announced that on Dec. 21 it had acquired the 140-unit San Clemente Villas by the Sea. According to a press release, the acquisition cost $41 million, and IRA Capital plans to invest additional capital to “elevate the senior living experience” at the […]

Transactions and Financings: Mainstay Buys 3 Communities, New Ciel Senior Living Management Agreement

Management Ciel assumes management of HarborChase of Princeton, rebrands Ciel Senior Living announced it has assumed management of HarborChase of Princeton. Now rebranded to Ciel of Princeton, the 120-unit assisted living and memory care community is located in Monmouth Junction, New Jersey and the second Ciel Senior Living has taken under management since July 2023. […]

‘Press the Reset Button’: What to Expect in Senior Living Rate Increases for 2024

This article is part of your SHN+ subscription Senior living providers are staying aggressive on rates as they look ahead to 2024, carrying over yet again another year of substantial increases while attempting to not impact occupancy figures. From right-sizing rates for a specific market footprint to enacting blanket rental rate increases across an entire […]

Economic, Operational Trends Add More Fuel to Active Adult Boom

This article available as part of your SHN+ membership All signs point to 2024 being another banner year for the growth in the active adult sector, judging by recent news. Among the active adult-related headlines and storylines from the last few weeks, a few featured Greystar. Thanks to its sizable active adult portfolio, the company […]