These Contract Types Are Losing Favor in CCRCs

Plenty has changed in the senior housing industry since the bad old economy of 2007—including the pricing approaches taken by continuing care retirement communities (CCRCs). Since 2007, the use of Type A and Type C contracts is up among nonprofit CCRCs, but the use of Type B and rental contracts is down, according to recently released data […]

CCRC Entry Fees, Total Margins Not Bigger in Texas

Everything is bigger in Texas, the saying goes. However, that cannot be said for continuing care retirement community (CCRC) entry fees or total margins, according to a newly released report. In the Lone Star State, the average entry fee for all contract types is $528,194 on the high end and $130,579 on the low end. […]

Senior Housing Finance Activity: Greystone, Walker & Dunlop

HJ Sims Arranges $17.5 Million Bond Refinancing for New Hampshire CCRC HJ Sims, an investment bank based in Connecticut, recently arranged $17.5 million in bond financing for a nonprofit continuing care retirement community (CCRC) in Laconia, New Hampshire. The new bonds will replace and restructure existing debt on the CCRC, Taylor Community, in addition to terminating […]

Record Number of Nonprofit Senior Living Transactions in 2016

While senior housing M&A transactions slowed down overall in 2016, the not-for-profit sector bucked that trend in a big way. More than 91 not-for-profit communities changed sponsor or owner status last year, setting a new record, according to recently released data from investment bank Ziegler. Those 91 communities changed hands as the result of 60 transactions, some […]

Senior Housing Finance Activity: PointClickCare Raises $85 Million

PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]

Senior Living Providers Reduced Tech Spending in 2016

Last year saw a number of senior housing providers dedicate a lot of cash, and time, to upgrading technology. However, chief financial officers in the industry reported less spending dedicated to technology than in previous years. In the past 12 months, providers, mostly not-for-profit, have dedicated an average of 11.8% of their total capital budget to technology, […]

Technology Use Jumps in Nonprofit Senior Living

As an industry, senior living has been notoriously slow when it comes to technology. In 2015, however, some senior living technologies emerged as more popular than others, according to the 2016 LeadingAge Ziegler 150 report (LZ 150). The LZ 150, published annually, ranks the largest nonprofit senior living organizations in the United States by their […]

Senior Housing Finance Activity: Capital One, Lancaster Pollard

Capital One Establishes Unitranche Loan Program Capital One (NYSE: COF), with HPS Investment Partners as its strategic co-investor, recently established a new program to originate unitranche loans to middle-market health care companies. The program, through Unitranche Loan Transaction, LLC, will help borrowers to obtain first lien unitranche loans without a syndication process or a rating agency. “In […]

How Nonprofit Providers Are Powering Up the C-Suite

The nation’s largest nonprofit senior living organizations are growing in sophistication—and many now have the executive talent to prove it. More nonprofit organizations are hiring executives in positions the companies have never had before. Chief health officers, for instance, were the most commonly added C-suite executives among the providers in the LeadingAge Ziegler 150 in 2015, according […]

Senior Housing Finance Activity: Greystone, HFF

CBRE Secures Millions in Loans for The Waters Senior Living CBRE National Senior Housing Vice Chairman Aron Will recently arranged acquisition financing on behalf of a joint venture between Minnetonka, Minnesota-based senior living developer/owner/operator The Waters Senior Living and an institutional client for The Waters of Edina, a 139-unit, Class A assisted living and memory care […]