The nation’s largest developer of transitional care properties has hired a high-profile constitutional lawyer to sue the state of Indiana over its skilled nursing and transitional care moratorium. Mainstreet Property Group, LLC has filed a lawsuit challenging the state of Indiana’s moratorium on new transitional care facilities, arguing that the moratorium violates both the Indiana and […]
Category: Finance & Development
(Rendering of a new Allegro Senior Living community under construction in Orlando, Fla. — photo courtesy of Allegro Senior Living, LLC) Construction: Planned National Church Residences to Break Ground Next Week for $35 Million Ohio Project National Church Residences, a not-for-profit senior housing provider, plans to break ground May 9 for Inniswood Village, a new senior living […]
Call it a Goldilocks problem. In the consolidating senior housing and care sector, providers are challenged to achieve the right scale—not too big, not too small, but just right. Integration problems have plagued Brookdale Senior Living (NYSE: BKD) since its mega-acquisition of Emeritus Corp. was finalized in 2014, leading some to pronounce that the company is too […]
Capital Funding Group Closes $6.8 Million Bridge-to-HUD and $19.8 Million HUD 232 Loan Capital Funding Group closed a $19.79 million HUD 232 new construction loan for Transitional Care of Arlington Heights in Arlington Heights, Illinois, as well as a $6.8 million bridge-to-HUD loan for Village Square Skilled Nursing Facility in San Marcos, California. Village Square Skilled […]
There’s no doubt about it—the role of chief financial officer in senior living has changed. Gone are the days when a CFO could get away with only understanding financial topics, according to industry professionals who attended a recent workshop. Now in its 18th year, the Ziegler LeadingAge CFO workshop has reached a conversation turning point among CFOs, […]
Large real estate investment trusts (REITs) have made no secret of the fact that high prices and less favorable costs of capital are constraining their dealmaking activity in senior housing. This lack of REIT action may be largely behind a marked slowdown in senior housing transactions that occurred in the first quarter of 2016, preliminary figures suggest. […]
(Rendering of Solana Mount Pleasant, an independent, assisted living and memory care community being developed by Formation Development Group in Mount Pleasant, S.C.) Construction: Planned Formation Development Group Obtains Zoning for S.C. Project Formation Development Group, an Atlanta-based senior living developer and investor, has obtained zoning approval for a new senior housing community in Mount Pleasant, […]
Ultimately, senior living communities should feel, to their residents, like home. Achieving that level of comfort benefits current residents, and also—perhaps more importantly—makes the community more attractive to its target demographic of future residents. Luckily, senior living communities can achieve that home-like feel through quality, thoughtful design. That’s according to Jeanna Korbas, vice president of […]
Technology has placed health care services in the hands of senior living residents and patients at home with the touch of a button, but not all investors are excited by the innovative startup side of this advancement. Corporate venture capital partners (CVCs) are taking a hard look at whether the influence of technology in care […]
Senior housing development returned to city centers following the economy’s rebound from the 2008 recession, with providers taking advantage both of an improved financial climate and inherent opportunity within urban fabrics. Now, senior living might consider taking an urban approach to markets outside of metro areas and find that they’ll reap similar benefits, as innovative […]
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