Financings EBSC Lending provides $26.2M for affordable housing EBSC Lending provided $26.2 million in financing for a 41-unit affordable senior housing complex in Michigan. According to a press release, the non-profit owner and borrower will use the financing to to refinance existing debt and fund capital improvements to the community to maintain its affordable status, […]
Senior living developers are awaiting changes in the capital markets before starting new builds as new construction starts potentially bottom out in the coming months. Some developers are spending their time in other industries, such as multifamily, or have slowed down to prepare to start work as soon as the capital markets begin to shift. […]
Average employee wages in senior living have risen at a greater rate than those in the private sector, but staffing remains an ongoing pain point for the wider industry. That’s according to a new Argentum report analyzing wage growth over the span of five years from 2019 to 2023. The report, released this week, is […]
A new blood test that could help identify Alzheimer’s earlier from healthcare company Roche has received a Breakthrough Device Designation from the U.S. Food and Drug Administration. The test, branded “Elecsys” and under development with Eli Lilly and Company, can aid in identifying the likelihood of amyloid pathology in a person’s brain, according to Laura […]
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This year is shaping up to be a boom for Three Pillars Senior Living Communities, and the remainder of 2024 is looking good for the single-site community. That’s according to Mark Strautman, president and CEO of the Dousman, Wisconsin-based nonprofit, who said the changes stem from a strategic plan that began in 2017 that aimed […]
Privately owned real estate and private equity firm Pacifica Companies has purchased a 15-community portfolio from Retirement Housing Foundation. That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, which advised on the $180.5 million transaction for the non-profit. The purchased portfolio represents “the majority of RHF’s presence in market-rate senior […]
People who use cannabis for non-medical reasons may have a lower chance of developing cognitive decline. That’s according to a study published in Current Alzheimer Research with the National Library of Medicine. The study, in which researchers sought to determine whether cannabis consumption had an effect on subjective cognitive decline, analyzed data from 4,744 adults […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Management LCB takes over management of The Reserve at East Longmeadow LCB Senior Living announced it has assumed management of The Reserve at East Longmeadow on April 9. According to a press release, the community has over 100 residential apartments and has assisted living and memory care services. The community was opened in 2014. Partnerships […]
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