Health system ProMedica — which operates a large portfolio of senior housing and care communities — is launching a new initiative that it hopes will create a paradigm shift in how people, including older adults, receive care and improve quality of life. The Healthcare Redefined Initiative, announced last week, takes a data-centric approach to health […]
Category: Affordable Housing
Developing enough middle-market senior housing to meet anticipated demand over the next decade is shaping up to be a daunting challenge, for myriad reasons. Senior living providers are taking on the challenge with operational innovations, but external forces such as market conditions and regulations also play a significant part in helping or hindering these efforts. […]
InnovAge (Nasdaq: INNV), which serves about 6,600 older adults through the Program of All-Inclusive Care for the Elderly (PACE), executed a $350 million initial public offering (IPO) on March 4. The Denver-based company is the largest PACE provider in the United States and has taken an out-of-the-box approach to the program through moves such as […]
TPP Capital Management is undertaking an ambitious project to transform a Philadelphia neighborhood, with senior housing and services among the key building blocks of a health- and wellness-focused master plan. For years, TPP — a Black-owned social impact private equity fund and health care real estate development firm — has been assembling parcels of land […]
Prominent investors and operators recently said that hotel conversions could be a way to expand senior housing in urban markets with high barriers to entry, such as New York City. One such project is now coming to pass, as part of a larger push that a New York City-based developer and investor is making into […]
Minka, the tiny home model co-founded by elder care innovator Dr. Bill Thomas, recently took another step toward mass scalability and integration within the existing senior living framework. Walnut Creek, California-based senior housing and care provider organization The Covia Group and Ziegler Link•age Funds announced a joint investment in Minka Homes and Communities over the […]
The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]
A Los Angeles real estate investor specializing in preserving affordable housing for seniors through public-private partnerships has completed the largest affordable tax credit financing in Illinois history and lowered the rents for half of the residents in one senior apartment building. Los Angeles-based Standard Communities is now turning its attention to opportunity zones as it […]
The site of a vacant mall in a Minneapolis suburb is one step closer to being redeveloped into mixed-use, with affordable senior housing as an anchor. The Plymouth, Minnesota City Council last week approved a plan by developer Dominium to redevelop the 17-acre Four Seasons Mall site into three affordable housing buildings — two for […]
Retiring seniors are no longer basing their housing decisions mainly on warmer climates, and senior housing developers and operators should take notice. A report from the U.S. Department of Health and Human Services’ Administration for Community Aging revealed that five states saw 50% spikes in their over-65 population between 2007 and 2017. Those states are: […]
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