When Johanna Jameson began exploring memory care as a research subject for her doctoral dissertation, she returned time and again to gaps in care service, and the difference between physical needs and cognitive ones. Jameson, a care consultant at Alzheimer’s Association out of their national office in Chicago, recognized that the care industry too often […]
Today’s senior living decision-maker — often the adult child of a potential resident — grew up in the 1960s and 1970s, a time when television still fell into the category of “cutting-edge technology” and “making an informed decision” meant employing a mix of anecdotal evidence and national ranking systems. That generation is now aging into […]
Without significant medical advances, the year 2050 will see the number of people with Alzheimer’s double from today’s level, reaching nearly 14 million. The total number of dementia patients across the globe could triple during that timeframe, hitting 152 million. And no one agrees how to feed them. In interviews for a new report from […]
The wellness revolution in senior living is here to stay, and much of it is powered by technology. In a senior living context, wellness focuses on five main components: the emotional, mental, physical, social and spiritual. Technology touches each of these elements. To compete in the next decade and beyond, senior living providers must understand […]
Senior living providers embracing the world’s wellness revolution should look to hospitality. That’s because big-name hotel brands — including Hyatt, Hilton, Westin and Marriott — are unleashing creative offerings that are changing the face of wellness. Most of these leaders didn’t have to stretch their core competencies or risk diluting their ability to deliver a […]
The year was 2008, and Presbyterian Homes & Services had a plan for a new mixed-use senior living community. The Minnesota-based senior living provider would develop The Promenade of Wayzata, 14.5 acres of retail, all-ages condos, a hotel and 326 units of assisted living, memory care and skilled nursing. PHS would open the condos and […]
Mixed-use development in senior living is on the rise, and the creative thinkers are winning. Whether including senior living or not, a common template for residential mixed-use is a single building with public retail, dining or both on the building’s ground floor, and apartments and condos above. This model is popular in senior living, too. […]
HFF Advises on $115 Million Financing for Seattle Senior Housing Development Holliday Fenoglio Fowler, L.P. (HFF) has advised Columbia Pacific Advisors on the $114.69 million financing for a luxury, high-rise senior housing property in Seattle. The 24-story property—620 Terry—will offer 243 Class A residential units comprising 194 independent living units, 21 assisted living units and 28 […]
Lynn Peel didn’t just want a small house-style memory care community —she wanted a small house. That’s why the standalone memory care community she runs, The Mooring on Foreside, in Cumberland Foreside, Maine, has only 12 residents. “The number 12 was really important,” Peel, founder and principal, tells Senior Housing News. “It gave us the opportunity to […]
Cushman & Wakefield Arranges $11.6 Million Senior Housing Financing Cushman & Wakefield Senior Housing Capital Markets has arranged an $11.55 million construction loan for the development The Palms at San Lauren, a 68-unit assisted living and memory care community in Bakersfield, California. The community will be operated by California-focused regional operator Pragma Management with financing provided by […]
