LTC Properties, Inc. (NYSE:LTC), a real estate investment trust that primarily invests in long-term care facilities, recently acquired a vacant 3.16 acre plot of land in the Denver area of Colorado for $1.9 million, with plans to build a senior care community. Simultaneous with the land purchase, LTC entered into a lease agreement and development [...]
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 [...]
There are very few older adults aged 65 or older enrolled in the Medicare program living in long-term care facilities or community housing with services, according to a recent study released by the Center for Housing Policy. Although just 4% of the 65+ demographic live in long-term care facilities, this number nearly quadruples to 15% [...]
Real Estate Investment Trusts have been a major player in the senior housing acquisition and finance industry in recent years, having a low cost of capital and funds to invest in the sector. Whether REITs will stick around is another question, as they have comprised the vast majority of transactions over the past two years. [...]
Senior Resource Group, LLC, headquartered in Solana Beach, Calif., announced on Tuesday that it had assumed the management and operations of Monarch Village San Francisco in Daly City, Calif., in a deal with undisclosed terms. The 208-unit independent living community has been renamed Peninsula Del Rey. Located at 165 Pierce Street in Daly City, the [...]
Change in lifestyle is a crucial issue that has a huge impact on someone’s decision to enter a senior living community. As senior living communities market to new residents, there is a critical time period—it can be as short as a few minutes—during which they engage or lose the potential customer. That engagement revolves directly [...]
Back in February, the Department of Housing and Urban Development (HUD) announced it would raise mortgage insurance premiums on several Federal Housing Administration (FHA) loan programs, including for some of its healthcare facility loan programs widely used in the senior housing industry. Several industry trade groups, including the American Seniors Housing Association, the National Association of [...]
The Obama Administration and the Department of Health and Human Services announced new funding to help the nation fight Alzheimer’s disease on Tuesday. To help accelerate the work, the President’s proposed FY 2013 budget provides a $100 million increase for efforts to combat Alzheimer’s disease. These funds will support additional research ($80 million), improve public awareness of [...]
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 [...]
