Editor’s Picks: BMO’s Billion-Dollar Senior Care Lending Unit

This week on Senior Housing News, readers learned about BMO Harris Bank’s new group focused on senior care, as well as the project that won the Best of Stand-Alone Memory Care award in the 2015 SHN Design Awards. They also tuned in to see how artwork can benefit senior living communities.

Here in the newsroom, we loved watching this interview with 110-year-old Flossie Dickey, a woman who loves both whiskey and naps. So when Saturday Night Live spoofed the Q&A session, we couldn’t wait to share it.

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BMO Launches Billion-Dollar Senior Care Lending Unit—The senior housing sector has a powerful new capital source. BMO Harris Bank is launching a new senior care-focused group headed up by industry veteran Imran Javaid, with plans to deploy $1 billion to $2 billion over the next several years.

Best of Stand-Alone Memory Care 2015: Setting a New Standard—Abe’s Garden has a dual purpose: To be a first-rate senior living provider but also a research and teaching hub to help set new industry standards. The community is well on its way to achieving its lofty goals, in the estimation of judges in the 2015 Senior Housing News Design Awards.

Senior Living Sales Suffer Missed Opportunities—Senior living sales deficiencies have been identified in the past by mystery shoppers and studies of industry data. Yet providers still struggle in some areas, leading to lower than desired conversion rates and move-ins. A report released this month by customer relationship management provider Enquire Solutions points to several missed opportunities based on its analysis of more than 1,000 communities’ sales data.

3 Ways to Master the ‘Art’ of Senior Living—Whether repositioning an older community or building fresh from the ground up, decorating can make or break a senior living project. Even without world-class art, providers can use artwork to increase resident satisfaction and drive interest in communities.

Weekend Reads 

Living With the Parents I’m Losing to Alzheimer’s—Elizabeth Wolf was 30 years old and living in Vermont when she received several disturbing phone calls from and about her parents, prompting her to move back into the split-level in Mt. Laurel, New Jersey where she and her siblings had grown up to arrange care for her parents and return to Vermont. Five years later, she’s still caring for her 81-year-old father and 65-year-old mother, both with dementia.

My Loner Father Moved into Assisted Living. With Whom Should He Eat?—When Jill Adams’ father moved into assisted living, she was surprised to learn that he had an assigned table and ate all his meals with the same three people. The arrangement might be great for her dad, but experts say there are some downsides to assigned seating in senior living communities.

A Retirement Community Where Hollywood Takes Care of Its Own—Welcome to the Motion Picture and Television Fund’s 48-acre retirement community located in Woodland Hills, California, which consists of cottages and apartments for independent living, as well as assisted living, dementia care and skilled nursing. It is home to more than 200 residents who once worked on screen, behind cameras, in production rooms and secretarial pools.

For Your Viewing Pleasure

Weekend Update: Vanessa Bayer and Flossie Dickey—Flossie Dickey, a 110-year-old Washington woman, was less than thrilled to be interviewed on her birthday. Saturday Night Live caught onto her enthusiasm in this rendition of the interview.

Written by Kourtney Liepelt

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