From here on out, continuing care retirement communities may be called “Life Plan Communities” — or not. The new term emerged out of a lengthy process spearheaded by LeadingAge and Mather LifeWays, which revealed shortcomings in the “CCRC” terminology. Still, even leaders of the project admit that there’s no telling whether the newly proposed alternative will have staying power. The […]
This week, Senior Housing News readers took a microscope to Ventas’ third-quarter financial results and explored the benefits and pitfalls of rebranding. Readers also learned how immigrant workers could help fill the gaps in the senior living work force. Mainstreet’s New Foray An announcement from Mainstreet caught our attention early Friday. The Indiana-based company that […]
When it comes to memory care, less might be more. Providers are seeing success by building small-scale, home-like communities, and for one provider in Texas, it is paying off in the form of a high return on investment (ROI). Uncommon Care is an Austin, Texas-based company dedicated to building residential-style memory care communities for 24 residents. […]
Merger and acquisition activity in the senior housing market is at a high point, and new construction is high enough levels to drive concerns about oversupply. With all of this recent activity, it is important to know what differentiates smart acquisitions and builds from unwise ones. One particularly important metric is penetration rate, according to […]
Greystone Real Estate Advisors Closes Sale of Seniors Housing Community in Texas Greystone, a real estate lending, investment and advisory company based in New York City, announced its Real Estate Advisors group closed the sale of Spring Creek Village, a newly-constructed 108-unit memory care and assisted living community in Spring, Texas. Financial details were not disclosed. […]
Senior housing providers across the country have found rebranding can fill long-standing vacancies and make their communities relevant again, so it shouldn’t come as a surprise that more and more seem to be taking the plunge. Several high-profile name changes have already occurred within the past year, including The Assisted Living Federation of America (ALFA) […]
Ecumen, National Senior Campuses and Episcopal SeniorLife were among the fastest-growing nonprofit senior housing providers in 2014, according to the 2015 LeadingAge Ziegler 150. The LZ 150, now in its 12th edition, lists the largest not-for-profit systems offering aging services through senior living in the country, among other statistics. This year, the top three largest not-for-profit […]
Welltower (NYSE: HCN) and Revera Inc. announced Monday the completion of the previously announced acquisition of Regal Lifestyle Communities Inc. (TSX: RLC) through an existing 75/25 joint venture. The transaction comes in at C$12 per share in cash, a total enterprise value of about C$764 million, or $581.51 million in U.S. dollars. The transaction was originally pegged at […]
Financing for senior housing from the U.S Department of Housing and Urban Development (HUD) continues to dip dramatically, according to recently released numbers. HUD’s Lean mortgage insurance program, which finances seniors housing properties, closed $2.7 billion of loan volume during the fiscal year ending Sept. 30, 2015. This is down 35.7% from the previous year’s total of $4.2 […]
Financially, the senior housing market is in good shape, with return on investment eclipsing other major real estate property types. Over a seven-year period, senior housing returns have outperformed the National Property Index (NPI) and multi-family housing in total returns, income returns and appreciation. These and other findings were reported in the CBRE National Senior Housing […]
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