The vast majority of senior living providers rely, in some way or another, on outsourcing—whether that means tapping other companies to provide their ancillary services or using medical record software from third-party providers. The most-preferred third-party vendors of many providers were outlined in a recent survey by Ziegler. The Chicago-based specialty investment bank polled 143 chief financial […]
Appealing to younger seniors in their late fifties or early sixties is a balancing act for senior housing providers. Many prospective residents planning early want a housing option that suits their current lifestyle, will provide peace of mind as they age, and is a financially smart match. With exactly these residents in mind, Timber Ridge at Talus, […]
CBRE Arranges $6.8 Million Sale of California Seniors Housing Community CBRE, a large commercial real estate and investment firm, brokered the sale of Williams Senior Apartments, a 28-unit age-restricted senior housing community in Brea, California. Restoration Enhancement acquired the property from a private seller for $6.8 million. Chevalier International Holdings, Ltd. Acquires Two Detroit-Area Senior Living […]
A new bill aims to dramatically cut immigration levels over the next decade, an action that would be detrimental to the future of the senior housing workforce, experts and industry insiders say. The Reforming American Immigration for a Strong Economy (RAISE) Act, co-authored by Republican Sens. Tom Cotton of Arkansas and David Perdue of Louisiana […]
Happy Monday, Senior Housing News readers! Sunday was National Friendship Day, and we’re celebrating with the story of four high school best friends that now live as neighbors on the seventh floor of the Brookdale Niles independent living community in Niles, Illinois. The 91-year-olds—Rochelle Schpak, Florence Burgher, Phyllis Dubow and Eileen Kritzman—met when they were […]
Summit Acquires Assisted Living and Memory Care Community for $13 Million Summit Healthcare REIT, Inc. announced that it acquired a 90-bed assisted living and memory care facility in Chandler, Arizona, for $13.4 million. The community will be leased to Compass Senior Living, a Eugene, Oregon-based operator who leases six other facilities owned by Summit. The […]
Editor’s Note: This article has been corrected from a previous version which wrongly attributed quotes from CEO Larry Cohen to Brett Lee. Lee is joining Capital Senior Living on Aug. 14 as COO. The article also has been updated to reflect that 10 communities were impacted by costs related to temporary labor, not one community […]
The 21st Century Senior Living Community is a series brought to you by CDW, a provider of technology solutions and services focused exclusively on serving the healthcare marketplace. The series takes a clear-eyed look at how leading providers and their partners are creating the next generation of senior living communities by raising the bar on […]
Omega Healthcare Investors, Inc. (NYSE: OHI) expressed faith in one of its senior living partners during its latest earnings call—but also expressed some apparent reservations with respect to that company’s growth plans. Omega has conveyed interest in backing Maplewood Senior Living’s large growth plans over the next several years. However, executives of the Hunt Vally, […]
Baby boomers are bringing new expectations to senior living—including a distaste for isolated, rural communities. Nowadays, walkable, urban neighborhoods and proximity to transportation are high priorities for prospective senior living residents, according to a recent survey report from A Place for Mom. The Seattle-based senior care referral service asked nearly 1,000 senior living consumers about their living preferences […]
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