Wine cellars, pizza ovens and other high-end amenities typically seen in the hospitality sector have been making a splash in senior living in recent years, but these may be just the tip of the iceberg of what’s to come. Former hospitality leaders are making a noteable mark on the industry, and they are showing that there […]
As various types of investors ramp up their presence in the senior housing space, seasoned industry members must adjust to rapid changes fueled by new entrants. Senior housing’s attractive investment returns and favorable demographics are drawing interest from development and management companies in the multifamily and hospitality sectors. Some boast multi-million dollar pipelines, while others are […]
National Investment Center for Seniors Housing & Care Appoints New President Brian Jurutka has been appointed as president of National Investment Center for Seniors Housing & Care (NIC), effective August 3, 2015. Jurutka joins NIC from comScore, Inc., a leader in digital analytics, where he served as senior vice president, Telecom, and GM for comScore’s wireless operator […]
California-based provider The Ensign Group, Inc. (NASDAQ:ENSG) is expanding its reach in the Midwest through the acquisition of 15 assisted living operations located throughout Wisconsin, the company announced Monday. The communities comprise the entirety of Menomonee Falls, Wis.-based Harmony Living Centers, LLC’s portfolio. As part of the transaction, Ensign assumed a long-term master lease from […]
The impact of high staff turnover can reverberate throughout a senior living company—from costing providers millions of dollars to affecting crucial relationships between caregivers and residents. While many companies focus on helping staff maintain and develop new technical skills, little is done to promote team building and further develop leadership skills among executive staff, LeeAnn […]
Greystone Assists Oakmont Senior Living Obtain $23.5M for New Calif. Facility Greystone, a real estate lending, investment and advisory company, assisted Oakmont Senior Living in obtaining $23,500,000 as an additional tranche to its $150 million Freddie Mac revolving credit facility provided in December 2013. The new tranche ultimately provided funding for Oakmont of Carmichael, a […]
Tampa, Fla.-Based Bild & Company Names Founder As CEO Traci Bild, founder of Bild & Company of Tampa, Fla. is now back at the helm of her company. Seth Garber, former CEO is no longer with the company and will be exploring different endeavors. “This is a critical time in our industry and huge change […]
While some areas of the country may be overbuilt, there continues to be seniors housing demand in a number of primary and secondary markets. Yet, even in these localities, it’s essential for developers to be selective in where they pursue projects, as there can be both areas of opportunity and some that are not positioned […]
Salaries for employees at nursing homes have increased in the last year, recent salary and wage data show. The top five highest paid positions within the industry increased more than 2% on average this year, according to the 2015-2016 Nursing Home Salary & Benefits report, published by Hospital & Healthcare Compensation Service (HHCS). HHCS is […]
People turning 65 in the next four years are projected to spend nearly $140,000 on average for long-term services and supports—and more than half of that sum could come from their own bank accounts, according to a new report from the U.S. Office of the Assistant Secretary for Planning and Evaluation (ASPE). On average, an […]
