After a period of turmoil with its largest tenant and shaky investor confidence, the leader of HCP Inc. (NYSE: HCP) says that the giant senior housing real estate company has righted the ship and is “sailing confidently.” But in what direction is CEO Lauralee Martin taking the company, exactly? A high-profile addition to the C-Suite […]
Go onto any airline website to book a flight and you’re likely to find not one but many prices, depending on the date, time and market factors that exist at the time you’re shopping. The same is true for hotel rooms. Book a room during a busy conference season, and it may be one price, […]
As various types of investors ramp up their presence in the senior housing space, seasoned industry members must adjust to rapid changes fueled by new entrants. Senior housing’s attractive investment returns and favorable demographics are drawing interest from development and management companies in the multifamily and hospitality sectors. Some boast multi-million dollar pipelines, while others are […]
Chicago’s The Clare became a highly visible symbol of hard times facing the senior housing industry when it defaulted on municipal bonds in 2011. At the time, the 53-story continuing care retirement community occupying premium downtown real estate had outstanding debt of $216.5 million, making its default the year’s largest. Although it lays claim to […]
One of the nation’s leading providers of staff clinicians in post-acute settings has been acquired in a blockbuster transaction, providing the latest dramatic example of how hospital-based care is more closely aligning with assisted living, skilled nursing and home health. TeamHealth Holdings Inc. (NYSE: TMH) is buying IPC Healthcare Inc. (Nasdaq: IPCM) in the all-cash […]
Brookdale Senior Living (NYSE: BKD) has experienced its share of growing pains after acquiring Emeritus last year. And now, three full quarters since, the nation’s largest senior housing provider continues to see some near-term shortfalls due to integration challenges—namely, turnover of communities’ management staff and ineffective marketing campaigns. In the second quarter ended June 30, […]
Senior living in the United States isn’t cheap, and average prices have been rising each year. And with with continuing care retirement communities (CCRCs) in particular having hefty price tags, these senior living providers increasingly may find financial planners to be invaluable referral sources. The typical entry fee for a CCRC can be a six-digit […]
The impact of high staff turnover can reverberate throughout a senior living company—from costing providers millions of dollars to affecting crucial relationships between caregivers and residents. While many companies focus on helping staff maintain and develop new technical skills, little is done to promote team building and further develop leadership skills among executive staff, LeeAnn […]
Imagine: A ranch-style home in an average Midwest neighborhood converted into a small community where residents receive personalized memory care for a fixed monthly price from the same caregiver every day. Now expand that concept to encompass up to 12 homes, all in a central area, but each with a unique look and feel that […]
While some areas of the country may be overbuilt, there continues to be seniors housing demand in a number of primary and secondary markets. Yet, even in these localities, it’s essential for developers to be selective in where they pursue projects, as there can be both areas of opportunity and some that are not positioned […]
