A nonprofit California senior living organization is testing new technologies geared toward caring for those with cognitive impairments by piloting new programs in its memory care communities. The Front Porch Center for Innovation and Wellbeing is part of a family of companies that includes Front Porch Communities and Services, which has 10 retirement communities and two […]
Minneapolis officials are on a quest to develop a “unique urban model” of senior living that targets hot spots where city amenities and healthcare options converge. A recent Minneapolis Star Tribune article features Carol Kennedy and Tom Powers, who raised their two children in Minneapolis and established deep roots in their neighborhood, but aren’t sure […]
A HUD lender is seeing a post-recession uptick in not-for-profit senior housing sales to for-profit buyers as organizations turn their focus to core assets that most strongly align with their missions. For nonprofits left in a more precarious financial situation by the Great Recession, selling non-core assets is a strategy for maximizing capital that can […]
The Centers for Medicare & Medicaid Services (CMS) is ramping up a program that focuses on nursing homes with serious quality issues after a sequester-induced reduction, the Department of Health & Human Services announced in a recent memo. Effective in April, CMS adjusted the number of designated slots and facility candidates so states can resume selecting […]
April showers bring May flowers (or so the saying goes), and what do May flowers bring? …Well, we don’t want to get ahead of ourselves, but we can say that the senior housing industry saw plenty of new hires, team expansions, and promotions in the second half of the month. Looking for a new job, […]
The infamous queue of applications for the Department of Housing and Urban Development’s senior housing and healthcare finance programs has been dissolved, and timelines for new applications are zipping through up to 10 times faster than before. Two to three years ago, it could take a year—or longer—to have a HUD Section 232 application picked […]
Some senior living providers are generating community buzz—and simultaneously engaging residents—by carving out a niche in the arts. Meta Housing Corporation’s developments include three senior arts colonies along with a focus on arts programming throughout its senior housing portfolio, while a Sunrise Senior Living community recently kicked off its first-ever playwriting residency through a partnership […]
Senior living employers are looking to fill a variety of positions on teams across the country, from care center administrator to director of wellness. Erickson Living, Senior Living Communities, and Keystone Communities are among those hiring for positions that include assisted living nurse manager to director of facility services and regional sales and marketing manager. […]
Toronto-based HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) recently acquired seven senior housing properties for more than $102 million. The Mainstreet-affiliated REIT purchased a four-property portfolio for $49.4 million at a 8.3% cap rate consisting of two skilled nursing facilities and two assisted living communities located in North Carolina, Virginia, and Pennsylvania. The portfolio includes […]
The three private equity groups that invested in Sunrise Senior Living’s management business sold their stake for $400 million, according to a letter to investors obtained by Bloomberg News. Kohlberg Kravis Roberts & Co. L.P. (KKR), Beecken Petty O’Keefe & Company, and Coastwood Senior Housing Partners LLC purchased an 80% stake in the business for […]
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