A slew of new construction is in the works for the senior housing industry, but before committing to the projects, operators must determine if they’re financially feasible. Conducting a financial feasibility study is the first step providers should take to assess the risks and opportunities associated with new projects, according Lancaster Pollard, a firm that provides […]
Category: Management & Operations
Caregivers in California joined together to file a class action lawsuit against one of the nation’s largest post-acute health services provider, alleging that the provider failed to pay minimum wage and overtime to employees. Charges also include various meal and rest period violations, among other claims. Kindred Healthcare, Inc. and affiliated companies Professional Healthcare at […]
Senior living communities are bustling with change, as many of them appoint new directors and executive leadership to manage staff, residents and resources. Looking for a new job, or even a new career? Check out senior housing employment opportunities nationwide on SHN’s job board, with La Costa Glen Carlsbad in California, Holy Redeemer Health […]
Health care-focused real estate investment trusts are looking beyond U.S. borders for opportunities to expand, hoping to diversify their portfolios in a highly competitive domestic market. And they’re finding that international investments are providing more stable environments for real estate expansion. “We’re focusing on stable economies with well-developed health care systems and those that have […]
High turnover rates have long plagued the senior living industry, with recruiting and training costs taking a toll on the community, and the change in employees affecting resident satisfaction. But the factors leading to turnover can often be influenced by the leader of the organization, experts say. Research shows that replacing one employee could cost […]
Real estate developers, investors, health care providers and others are recognizing that the number of seniors who want to live in cities will continue to grow as the senior population expands, industry experts say, adding that many associate city living with entertainment and ongoing education. Yet, “most senior housing is located instead in low-density suburbs or […]
A new company that checks on seniors living in private residences and senior living facilities to make sure they’re doing well got huge exposure this past week by running its new ad campaign during the annual Indianapolis 500. Penrose Senior Care Auditors, headquartered in Dallas, Texas, used the Indy 500 as an opportunity to gain […]
Most of the major healthcare-focused real estate investment trusts have utilized the RIDEA structure for at least some of their deals in the seven or so years it’s been available, but the structure bears risks as well as reward, warns a law firm in a recent blog post. HCP is the latest major REIT to […]
Despite hot spots for new construction in certain areas nationwide, Brookdale Senior Living is prepared to handle new senior living projects getting developed close to one of its existing communities, but overall isn’t too concerned about the new development scene. “We’re relatively sanguine on construction,” said Andy Smith, CEO, during a presentation at the 2014 […]
Regal Lifestyle Communities Inc. (TSX:RLC) has agreed to acquire seven senior living communities in Quebec for $160 million (approximately $146.3 million USD) at a 7.8% cap rate in a deal expected to close around June 6. The retirement communities are being acquired from ELAD Genesis Limited Partnership and have been managed by Societe de Gestion […]
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