Transactions & Financings: Lutheran Senior Services’ $92M Bond Financing; CBRE’s $61M Loan

HJ Sims arranges $92 million bond financing package for Lutheran Senior Services HJ Sims completed a $92.4 million refinancing package for Lutheran Senior Services (LSS). The proceeds will fund an expansion to LSS’ Mason Pointe community in Chesterton, Missouri, as well additional planned capital improvements at other communities within its portfolio.HJ Sims identified bonds that […]

Capital Senior Living Shareholder Protests Lack of Board Changes

A vocal shareholder of Capital Senior Living (NYSE: CSU) is once again expressing dissatisfaction with the Dallas-based senior housing operator’s board of directors. The shareholder, Cove Street Capital, in January called for “commensurate change” within the company’s board of directors, after Capital Senior Living named a new CEO, Kimberly Lody. At that time, Cove Street […]

It’s Not Pot: What Senior Living Providers Should Know About CBD

While it doesn’t get you high and may not treat as many conditions as advertised, CBD could have an even larger immediate impact on senior living than marijuana. For one, CBD is everywhere these days, including in cookies, coffee and even dog treats. And in a sign of the times, pharmacy giants CVS (NYSE: CVS) […]

New Competition Drives Senior Living Nonprofits to Mull Unconventional Ideas

Senior housing and care nonprofits simply can’t do things the same-old way — especially as for-profit providers ratchet up the pressure in many markets across the U.S. That was among the top takeaways during a Tuesday afternoon session at this year’s LeadingAge Illinois Meeting & Expo in the Chicago suburb of Schaumburg, Illinois. The discussion […]

Senior Living Providers Target Better Blend of Hospitality, Health Care

In recent years, senior living providers have debated whether a health care model or a hospitality focus makes more sense for the future — but this debate is shifting. Providers must inevitably offer more health care, yet they must do so without compromising the fundamental value propositions of the industry, which is rooted in a […]

Low Unemployment Forcing Higher Senior Living Wages in 2019

The senior living industry workforce will continue to expand in 2019, albeit at a slower pace compared to recent years. Meanwhile, wages will go up as unemployment remains low across the country, according to Argentum’s 2019 Forecast Report: Workforce Trends. Employment in the senior living industry increased 2% through June 2018, compared to 1.9% job […]

Wi-Fi Joins Location, Price as Top Housing Concern for Seniors

Seniors entering independent living and assisted living communities no longer expect Wi-Fi to be merely an option in their everyday lives — it must be part of a facility’s basic offerings. And the quality of a community’s Wi-Fi network can be the difference between a first look and a move-in. These are two striking conclusions […]