In case you missed it, here are the top five stories grabbing Senior Housing News readers this week:
1. HUD Releases Government Shutdown Contingency Plan—The Department of Housing and Urban Development informed lenders it would keep vital functions running within the department through the government shutdown, but that multifamily and health care loans not already in process would remain in queue until the government receives funding.
2. Senior Living Sees Dining as New Driver for Occupancy Growth—Senior living providers report they are boosting their dining programs and are driving occupancy in their communities as a result.
3. HCP Fires CEO in Management Overhaul—HCP, the largest health care REIT in the business, announced it was releasing its former CEO, James Flaherty III and has elected former Jones Lang Lasalle exec Lauralee Martin to assume the position. The company is restructuring management accordingly.
4. Developers Jump on Colorado’s Senior Housing Surge. Developers said they are riding the wave of new senior housing construction in Colorado, with favorable demographics underscoring demand in the region.
5. MorningStar Goes Hyperlocal with $120 Million Senior Living Pipeline—Morningstar said its also focused on the Colorado market, where it has a $120 million pipeline of construction and development under way for senior living properties.
Written by Elizabeth Ecker