The continuing care retirement community (CCRC) sector has been on a roll, with a strong economy bolstering seniors’ ability to sell their homes and pay entrance fees. But even in an overall hot market, two nonprofit communities are standout performers, being the only CCRCs to currently hold an A+ credit rating from Fitch. There were […]
Starbucks is launching a program to improve the quality of life of older adults in Mexico. The coffee giant recently opened its first cafe in Mexico City, operated by 14 employees ages 50 and older. Starbucks partnered with Mexico’s National Institute for Older Persons (INAPAM), a government welfare program, building on an employment agreement signed […]
With 10,000 baby boomers reaching retirement age every day for the next 20 years, more pure multifamily investors and developers are dipping their toes into the senior living waters, building modern product and amenities to meet the demand of this growing customer base. Orlando-based ZOM Living recently acquired a 46-acre waterfront site in Wellington, Florida, […]
Sunrise Senior Living is launching a 12-month trial in some of its U.K. communities, testing a type of dementia therapy that is gaining increasing recognition for effectiveness. The approach, if successful, could be integrated into the company’s memory care practices in the United States as well. The trial is being conducted by the University of […]
Healthcare Transactions Group Arranges Sale of Maryland Skilled Nursing Facility Healthcare Transactions Group arranged the sale of a 181-bed skilled nursing facility in Sykesville, Maryland. Terms and details of the transaction were not disclosed. The firm represented the seller, a New Jersey-based private investor, in the sale, and conducted an extremely selective offering process. The […]
Capitalizing on growing investor interest in senior living facilities, Locust Point Capital announced it closed its debut fund with $312 million. The fund, Locust Point Private Credit Fund, set a target of $250 million. The fund had raised nearly $96 million as of February, according to SEC filings that month. The New Jersey-based firm will use […]
OnShift Announces Text-Based Recruiting Software Cleveland-based OnShift launched a new text message service intended to streamline how senior care companies recruit new talent. OnShift Text2Hire will leverage artificial intelligence to automatically book interviews with job applicants via text message. This will allow hiring managers to schedule interviews and minimize no-shows by immediately engaging with candidates, […]
