In case you missed them… here are the top headlines grabbing Senior Housing News readers’ attention this week.
How to Play — And Win — the Senior Living Development Game—Development opportunities continue to attract both brand new senior living players as well as existing operators and owners. A panel of senior living executives at the Assisted Living Federation of America conference in Tampa, Florida last week weighed on in their winning approaches to the new development game.
Why The Small House Model Doesn’t Have to Break the Bank—The small house model has been touted for its appeal to residents and their families, and its innovative approach to senior living. But many have tried it with little success when it comes to the bottom line. Several operators have successfully taken this approach, and they say it doesn’t have to break the bank.
Apple, IBM Launch Massive iPad for Seniors Program—iPads are not new to senior living. In fact many communities are making them available to residents in order to help them remain connected as well as to share information such as schedules and community updates. Now, a major program between Apple and IBM has launched to bring iPads to 4 to 5 million seniors in Japan, having global implications for the use of the devices among the aging population.
Prudential Raises $629 Million for New Senior Housing Investment Fund—Prudential Real Estate Investors has long been an investor in senior housing. Now it has completed raising capital for a new fund in the magnitude of $629 million. The fund will be used to invest across the sector from independent living to memory care.
HCN Sells Life Science Portfolio for $574 Million, Reinvests in Seniors Housing—Health Care REIT announced a deal last week to exit an investment in a life sciences portfolio spanning properties at the Massachusetts Institute of Technology. The properties sold for $574 million—proceeds of which will be reinvested, in part in senior housing.
Written by Elizabeth Ecker