This week, SHN readers tuned into a trend of consolidation among senior housing operators, as well as a look at inflation in senior housing construction. Readers also delved into recruitment in senior living as companies grapple with succession planning. We looked into how family-owned operators are handling the challenge.
SHN Most Read
Consolidation Continues: A Shrinking Universe of Senior Housing Operators—As new players continue to enter the senior living sector, consolidation is becoming increasingly inevitable. Smaller operators may not have the resources necessary to scale up upon entry, proving opportune for bigger providers looking to buy.
Will The Search for New CEOs Be The Next Big Senior Living Challenge?—Chicago-based investment bank Ziegler recently conducted a survey of CFOs that indicates many senior living organizations are delaying discussion about succession planning, or not having the conversation whatsoever. SHN tapped into what the survey results mean for the senior housing industry.
Ventas Spin-Off Launches, Pursues $900 Million Pipeline—Ventas Inc. made official the spin-off of the majority of its skilled nursing assets into a new real estate investment trust this week, and the new entity, Care Capital Properties Inc., is already pursuing a $900 million pipeline.
Senior Housing Construction Recovery Brings With It Higher Costs—A report published last week indicated that materials and labor left on the sidelines during the recession have been absorbed by new demand. However, the absorption has resulted in higher costs to add new resources to projects, making for measured inflation.
Weekend Reads
Manicures and Permanents: Inside a Senior Living Facility Beauty Shop—Senior citizens in assisted living facilities maintain their beauty regimes as a means of holding onto their vitality. A Racked article explores the beauty culture in senior living and how haircuts and makeovers ease a woman’s transition into a community.
REITS On The Rebound—The Fed continues to allude to raising rates, a move that would severely hurt the REIT sector, but the truth behind its statements aren’t necessarily verifiable. A Forbes article presents different scenarios, the likelihood they’ll pan out and the effect each might have on REIT prices.
For Your Viewing Pleasure
Singer and songwriter David Crosby has been named a “Golden Star” donor for his contribution to the Rona Barrett Foundation’s Golden Star campaign, a fundraiser for affordable senior living apartments. Barrett intends to have each of the 60 senior care and living apartments sponsored by an entertainment industry celebrity. Here’s a clip we dig of Crosby singing a classic:
Written by Kourtney Liepelt
Companies featured in this article:
