Amy Alvarado-Plank, director of sales and marketing for Legacy Pointe at UCF, knew she had a problem. Lunch and learn events were a key sales strategy for the life plan community under construction on the campus of the University of Central Florida in Orlando, averaging around 25 prospects per session. But seniors began canceling their […]
From personal protective equipment and new technology to labor costs, senior living providers throughout the industry are contending with growing expenses responding to the coronavirus pandemic. Even seemingly straightforward operational adjustments can some with outsized and in some cases unexpected new costs. A look at how Kisco Senior Living altered its dining service provides one […]
Affordable senior housing operator Embrace Living Communities named Ralph Gaines as its new CEO. Gaines comes to Oak Brook, Illinois-based Embrace from the U.S. Department of Housing and Urban Development (HUD), where he spent nearly two years as its chief operating officer. He joined HUD in June 2017. Prior to that, he was president and […]
As the Covid-19 pandemic continues to disrupt all facets of the senior care industry, providers can take solace in knowing that consumers are still seeking out senior living, and most are still accepting new residents. However, this message — that many senior living communities are still welcoming new residents who may have pressing needs — […]
Welltower (NYSE: WELL) on Thursday took steps to keep its top three executives together for the foreseeable future. Executive Vice President and Chief Investment Officer Shankh Mitra was promoted to COO and vice chair of the Toledo, Ohio-based health care REIT. Mitra will also retain his chief investment officer title. CFO Tim McHugh, meanwhile, was […]
Like other senior living executive directors across the United States, Max Rheinhardt III had to scramble last month as the Covid-19 crisis escalated. With this staff suddenly down by about half, he moved quickly to secure The Firs, an independent living community operated by MBK Senior Living. Now, the challenges remain intense, but they have […]
McFarlin Group is launching a $100 million fund to acquire senior housing assets at risk of becoming distressed in part by the coronavirus pandemic. While many senior housing lenders and investors are retreating to the sidelines during the environment of peak volatility caused by the outbreak, the Dallas-based fully integrated senior housing firm is among […]
GenCare at Point Ruston, a new community in Tacoma, Washington operated by GenCare Lifestyle, received its first move-ins on March 2, nearly six weeks after Washington state reported the first U.S. coronavirus case. When the doors opened, GenCare at Point Ruston had move-in commitments from 47 seniors. By the time Governor Jay Inslee announced a […]
Compared to assisted living and memory care, independent living and active adult communities can be harder to secure during the coronavirus pandemic. The better health, mobility and independent nature of their census can make social distancing a bigger ask, and the leaner staffing necessary to operate these communities means residents have less support in the […]
Bellwether Enterprise provides $36.3M financing for Kentucky Development Bellwether Enterprise Real Estate Capital Executive Vice President John Powell originated a $36.3 million permanent loan through Fannie Mae’s seniors housing program for the refinancing of Legacy Reserve at Fritz Farm, a senior housing community in Lexington, Kentucky featuring 144 independent living, 33 assisted living and 15 […]
