Senior Living Industry Group Launches Emergency Financial Assessment & Referral Hotline

LeadingAge, an industry trade group for non-profit senior living providers, has just launched a new financial assessment and referral service for its members, dubbed “LeadingAge 911.”  The free service has been introduced in response to the growing number of nonprofit senior living providers and organizations who have expressed difficulty in meeting bond covenants, maintaining cash […]

LeadingAge: Building a Well-Rounded Senior Living Provider

Senior living providers are facing pressure from a multitude of sources—the economy, demographic changes, and reimbursements fluctuations, to name a few—and these factors are creating demand for new models to evolve and develop in order to keep up with what consumers want and need, writes LeadingAge.  Trends likely to shape the industry include consumer preferences […]

Low-Income NYC Nursing Home Building Sells for $25.5 Million

The East Fifth Street building of the largest senior care home in New York City’s East Village recently sold for $25.5 million, according to papers filed through the NYC Department of Finance, Office of the City Register, obtained through The Lo-Down. The future of Cabrini Center for Nursing and Rehabilitation, a non-profit with 240 beds […]

Village Model Fills Seniors’ Aging in Place Needs

The United States is facing the issue of a rapidly aging population that some say it is not prepared for in terms of housing and care, prompting a grassroots organization to start an initiative that allows seniors to remain in their communities and age in place. Beacon Hill Village sprouted up ten years ago, founded […]

Downturn Forces Non-Profit Senior Living Communities to Find Alternatives to Survive

Unable to ride out the challenging market, an increasing number of non-profit senior living providers are seeking out a broader, more mission-compatible solution to serving their residents according to a report from Ziegler Senior Living Investment Banking. “While in the past any number of for-profit companies likely would have been the acquirer of troubled or challenged […]

Hurting for Cash, Gov. Owned Senior Housing Facilities Up for Sale

Hurting for cash, some county governments are looking to unload long term care facilities to private companies according to National Real Estate Investor. Evans Senior Investments is one company that brokered the sale of a South Carolina continuing care community for $11.3 million to Madison Healthcare Management.  Prestige Healthcare, based in Louisville, will operate the […]

Immanuel Lutheran Communities Prepares for Construction of New Rehab Center and Senior Housing

Immanuel Lutheran Communities is embarking an ambitious expansion project that will create a new rehabilitation center and 14 new units at its Buffalo Hills Terrace community in Kalispell, Montana.  The project, funded by $14 million in tax-exempt revenue bonds, will have a 16-bed rehabilitation center, a new commons area for Buffalo Hill Terrace Assisted Living, […]