Trends, influenced by tailwinds and headwinds, blow strong and then can change course over short periods or over a span of many years. On an airplane, these tailwinds and headwinds create turbulence, causing temporary discomfort that typically passes with smoother air ahead. So even though a slight tailwind at the senior housing industry’s back is […]
CEOs of assisted living communities top the charts when it comes to yearly earnings, while staff nurses make the most on an hourly basis, according to research from the Hospital and Healthcare Compensation Service. The 18th Annual Assisted Living Salary & Benefits Report consists of responses from 1,286 assisted living communities—1,153 for-profit and 133 not-for-profit—which […]
Real estate investment trusts (REITs) and other prominent buyers are avidly on the hunt for senior housing assets, but other factors may constrain transaction volume in 2016. In particular, dealmaking may be slowed by a lack of top-tier operators to manage properties. “There’s almost an insatiable demand for seniors housing assets right now that are […]
Mainstreet Hires Green House Founder Bill Thomas Mainstreet, a national investment company, has hired Dr. Bill Thomas as its new director of innovative health care. Thomas is the creator of The Green House, a model of care that focuses on a smaller scale of residents. He is a Harvard-Trained geriatrician and internationally recognized expert on […]
Changes could be in store for one the nation’s major owners of senior housing real estate, if an activist shareholder prevails. Land and Buildings, a New York-based hedge fund, has urged NorthStar Asset Management (NYSE: NSAM) to recombine with NorthStar Realty Finance (NYSE: NRF), a publicly traded real estate investment trust (REIT). The asset management […]
What would it mean if the average life expectancy were to increase to 150 years? One change could be that corporations would need to allow employees to bring their elderly parents to work and provide on-site care. That’s according to Thomas J. DeRosa, CEO and President of Welltower Inc. (NYSE: HCN), one of the “Big […]
Senior Living Investment Brokerage Facilitates Sale of Virginia Assisted Living Facility Glen Ellyn, Illinois-based Senior Living Investment Brokerage Inc. facilitated the sale of Lexington at Tazewell, a 42-unit, 33,480-square-foot assisted living facility in Tazewell, Virginia, for $2.15 million. The seller was the lender who had financed the renovations and then foreclosed on the developer. The buyer […]
A pioneer in new models of senior care, Dr. Bill Thomas, will be joining Mainstreet, a company known for its innovations in post-acute and transitional care services. “Mainstreet is committed to fundamentally changing the way health care is delivered nationwide,” Mainstreet founder and CEO Zeke Turner said in a prepared statement Wednesday. “With the addition […]
I visit my grandmother at her assisted living community in Lake Geneva, Wisconsin about once a month, typically to chat for a few hours or to help with whatever jigsaw puzzle she has out on her table. During one visit, she suggested that I tag along for the community’s daily stretch, and I agreed, eager […]
Is Lutheran Homes of South Carolina (LHSC) CEO Frank Shepke trying to be Walt Disney? Well, you could sort of say that. Since joining Irmo, South Carolina-based LHSC in February 2015, Shepke has made it one of his goals to guarantee the customer service LHSC provides is worthy of “five stars,” emulating the customer service programs […]
