The senior housing industry has a problem: one in three people are uncertain what industry terms like assisted living actually mean. Search engine data from Google reveals that older adults are using the Internet to plan for the future, but there’s a gap between what industry people know and the everyday customer. For senior living […]
After a year of record transaction volume across senior living, the “Big Three” senior housing REITs now are taking aim at a different asset class by allocating more resources through very different strategies. With chatter that blockbuster portfolio transactions in senior housing are harder to come by, HCP Inc. (NYSE: HCP), Welltower Inc. (NYSE: HCN) and Ventas […]
Senior housing providers are breathing easier and expressing support for California Governor Jerry Brown, who recently vetoed a bill that would have increased regulations on continuing care retirement communities (CCRCs) and impacted business models. Brown vetoed the bill on October 11. The bill would have changed the way CCRCs repay entrance fees to residents […]
Pinnacle Chairman Appointed to Long-Term Care Board Rob McCabe, Pinnacle Financial Partner’s co-founder and chairman, has been appointed to the board of Diversicare Healthcare Services, a long-term care provider located in Brentwood. Pinnacle Financial Partners is a Nashville-based financial firm with $6 billion in assets. McCabe will serve as a member of the board’s audit […]
Thank you for being a friend! This week, we were humming one of our favorite TV theme songs after reading some of the latest media coverage about the home-sharing trend among seniors. Also this week, SHN readers were eager to find out why some experts think the senior housing boom might be ending and how […]
The National Investment Center for Seniors Housing & Care (NIC) revealed its third quarter market fundamentals results Wednesday, finding a slight bump in occupancy rates for the first time in 2015. But this likely does not signal a lasting reversal, as the boost might be due mainly to seasonality, while pressure from growing supply and larger economic forces […]
Silver Arch Closes $4.75 Million Loan for Michigan Assisted Living Facility Silver Arch Capital Partners, a New Jersey-based private lender to the commercial real estate market that specializes in alternative lending, closed a $4.75 million loan for Belle Oakes Living Center, an assisted living facility in Lake City, Michigan. The owners of the facility will […]
The clock is ticking on a bill sitting on Governor Edmund Gerald “Jerry” Brown’s desk with an Oct. 11 deadline, which would increase regulations for continuing care retirement community entrance fee repayments. Providers are warily watching what will happen in Sacramento, as many believe that legislative changes such as this one could upset standard business models […]
CBRE Group Names Brian McAuliffe President of Institutional Markets in the U.S. Brian McAuliffe has been promoted to president of institutional properties for CRBE Capital Markets in the U.S., the company announced. McAuliffe has served in high impact roles in CBRE’s Capital Markets team for more than 25 years. He is responsible for CBRE’s institutional […]
Laurie Bebo, former CEO of Assisted Living Concepts Inc., has been ordered to pay $4.2 million in civil penalties for violating the Securities and Exchange Act by administrative law judge Cameron Elliot. The initial decision concludes a long-fought battle against Bebo after the Securities and Exchange Commission filed suit against her last year. The decision also […]
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