Art is important at Opus East Memphis – in fact, it was central to the community’s design. The community, with its elegant, artistic tudor design elements, was inspired by a local art gallery and garden that sits adjacent to the site. The Opus East Memphis community takes elements of other properties belonging to owner Sagestone […]
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Life plan communities have a number of opportunities ahead of them, and many challenges to boot. But until certain factors change, stability may be the best the sector can hope for. That’s according to Margaret Johnson, senior director for life plan communities and senior lead at Fitch Ratings. On a webinar Thursday, Johnson said that […]
The number of older Americans living with Alzheimer’s disease and other forms of dementia is growing every day – and providers of memory care services are not ready to care for them. That’s according to Teepa Snow, founder and CEO of Positive Approach to Care, an approach to dementia care used by many senior living […]
Acquisitions Foundry Commercial acquires The Village at Keizer Ridge Real estate and investment firm Foundry has expanded its senior housing portfolio through the acquisition of The Village at Keizer Ridge. Following the acquisition, Foundry now owns 30 senior living communities with a total of 1,900 units alongside operating 57 communities. The Village at Keizer Ridge […]
After a “building year” in 2023, operator Claiborne Senior Living is gearing up for even more growth in 2024. Claiborne Senior Living CEO Tim Dunne told Senior Housing News that in 2024 he is focused on solidifying staffing at the community level and improving its operational and financial footings. The company in 2023 notched a […]
Senior housing occupancy exceeded 85% in the fourth quarter of 2023, representing the industry’s 10th consecutive quarter of occupancy growth since the start of the pandemic. That’s according to the latest occupancy data release from NIC MAP Vision on Jan. 11. Occupancy rates for NIC MAP’s 31 primary markets increased to 85.1% in the fourth […]
Infection control protocols and emergency preparedness requirements are now commonplace in the U.S. as 20 states enacted regulation changes and updates for assisted living operators in the last year. That’s according to the latest annual “Assisted Living Regulatory Review” report from the National Center for Assisted Living, released Jan. 10. The report this year tracked […]
Many senior living residents are living with some form of cognitive changes, but not all of them are ready for full-fledged memory care. That is why Ascent Living Communities is piloting a new program aimed at residents in assisted living with mild cognitive impairment. Ascent Living Communities in December began piloting a new program called […]
Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]
