Financings Berkadia, Poppy Bank close over $329 million Berkadia Seniors Housing and Healthcare announced it has worked with Poppy Bank to close on over $329 million of bridge debt in April, May and June. According to a press release, the total includes 12 properties totaling 1,597 units. “We are fortunate to have a longstanding relationship […]
Focus Healthcare Partners is seeing an environment that is ripe for new investments and acquisitions following the recent completion of fundraising a $370 million fund. Called Focus Senior Housing Fund II LP, the new fund is around 20% larger than the firm’s previous fund completed in 2021 and took around two years to complete. The […]
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Focus Healthcare Partners (FHP) has closed a $370 million fund that will be used to target investments in the private-pay senior housing sector. The fund, Focus Senior Housing Fund II LP, is noted to be 20% larger than the real estate investment and asset firm’s last senior housing fund, according to a press release issued […]
A Place for Mom is again in national news following the announcement of a formal probe by Sen. Bob Casey, chairman of the US Senate Special Committee on Aging, who penned a letter that alleges “deceptive business practices.” The letter states the referral service’s marketing materials and recent reporting “contradict the company’s claims” of being […]
Sales and marketing teams from across the senior living industry are using a variety of new ideas and campaigns to boost sales and attract future residents. Sales and marketing teams in 2024 have the challenge of appealing to both today’s and tomorrow’s residents. Given that baby boomer preferences are somewhat nuanced, operators have tried to […]
Transactions IRA Capital acquires Seattle community IRA Capital, a California-based private equity firm, announced its acquisition of Quail Park of Lynnwood on June 12. According to a press release, the community is 253 units and was developed in two phases in 2013 and 2020. The release states the all-cash acquisition expands the firm’s healthcare portfolio […]
An in-home care franchisor has announced an expansion of a dementia care program to better prepare caregivers for providing person-centered care. ComForCare launched “DementiaWise 2.0” in May, an enhancement to its existing DementiaWise program originally launched in 2013. The company is providing caregivers an additional five hours of training in eight modules in order to […]
Senior living operators are supplementing revenue and offsetting costs by charging residents for add-on services like cable and internet, food and pets. A recent Bild and Co. survey of more than 250 communities found senior living communities are frequently charging add-on fees for trash services, pets, laundry, additional meals and other services. According to the […]
New federal rules are banning non-compete agreements and grant overtime pay protection to workers who previously lacked it. One rule will likely have more of an impact than the other. In April, the Federal Trade Commission (FTC) issued a final ruling to ban noncompetes. In the same month, the U.S. Department of Labor announced a […]
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