In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week:
5 Must-Haves for Repositioning a Senior Living Community Building a senior living community is not enough to attract and retain residents, experts say. Developers must implement amenities and plan ahead for what residents are looking for, including wellness, culinary, technology, transportation and health services.
Senior Living Newcomer Banks on Florida Market for 10-Project Pipeline Validus Group sold affiliate Validus Strategic Capital Partners for $80 million to investment firm RCS Capital Corporation (NYSE: RCAP). A significant amount of the proceeds will go toward the development of about 10 new properties throughout Florida.
New Senior Living Shopper Demands Price Transparency Continuing Care Retirement Communities (CCRCs) are learning that being upfront about price can improve marketability, and new products to help consumers compare price tags are shaping the future of the market, industry leaders say.
New Senior Housing Investment Group Targets Middle-Market Acquisitions Birchwood Health Care Properties is expanding its reach in the health care real estate industry with an acquisition pipeline of about $50 million, which consists of mostly nursing homes. The senior living investment group will keep a competitive edge by targeting operators in the middle-market in deals valued at $20 million and below, for now, its managing principal says.
NY Times: Policies Lacking on Sex in Senior Living Getting older doesn’t put the brakes on being sexually active, the New York Times reports, noting that more than half of men and 40% of women older than 60 remain sexually active. Senior living providers must discuss who is capable of consent and how to balance residents’ privacy with that of other residents.
Written by Cassandra Dowell