In case you missed them… here are the top headlines grabbing Senior Housing News readers’ attention this week.
2015: The Year of the Small Senior Living Provider — While mammoth 100-community providers seem to dominate the senior living market and media, smaller providers say their size equips them with some unique advantages.
Harrison Street: Billion-Dollar Fund To Target Senior Housing — Harrison Street Real Estate Capital, LLC (HSRE) is once again turning its attention to the senior housing space, having raised $1 billion for its newest fund that is seeking investments the sector, along with other industries. Michael E. Gordon, principal at Harrison Street, spoke with SHN about Harrison Street’s interest in senior housing, the newest fund’s investment strategy and more.
Brookdale Completes Layoffs at Former Emeritus Headquarters — Forty-one employees of Emeritus Senior Living Corp. (NYSE: ESC) are being laid off, the final step in reducing Emeritus’ headquarters staff from about 300 to 50 since the company was acquired last year by Nashville-based Brookdale Senior Living (NYSE: BKD).
The Billion Dollar Senior Housing Opportunity for Non-Traded REITs — Todd Jensen, chief investment officer of American Realty Capital Healthcare Trust II and III, says senior living is a core component of the AR Capital, LLC-sponsored real estate investment trusts’ (REIT) portfolios. And there is much more opportunity for non-traded REITs to enter the space in the year ahead, he says.
4 Ways Memory Care Design Is Missing the Mark — Memory care construction continues to surge, and while many providers have implemented innovative approaches, industry veterans say most modern memory care design principles are largely missing the mark.
Written by Cassandra Dowell