Senior Housing Finance Activity: Ziegler, Cambridge, Lancaster Pollard

Ziegler Closes $12 Million Financing for Ind. CCRC Ziegler recently announced the closing of a $12,175,000 non-rated, fixed-rate Series 2012 Bond issue for Westminster Village Terre Haute, a not-for-profit, single-site continuing care retirement community (CCRC) located in Terre Haute, Ind. The CCRC has 309 units comprised of 173 independent living apartments, 20 independent living cottages, […]

Watch Out: These Nonprofit Senior Living Providers are Gamechangers

Several companies feature prominently as rapid changers in terms of growth on the 2012 LeadingAge Ziegler 100 of the nation’s top not-for-profit senior living organizations, effectively changing the face of the industry through expansions, acquisitions, and new development, and many organizations topping the list of those with the most growth in 2011 also grew substantially—and […]

2012 LeadingAge Ziegler 100 for Nonprofit Senior Living Providers: Who Made Top 10?

Despite a multitude of challenges facing the senior living industry, several not-for-profit providers made significant forward progress on the 2012 LeadingAge/Ziegler 100 list, with much of that growth led by independent living expansion. “Similar to other recent years, 2011 did not fall short in providing its challenges to providers,” wrote Daniel Hermann, senior managing director at […]

LeadingAge Launches Fund to Expand Low-Income Senior Housing Programs

LeadingAge, a trade group for nonprofit organizations in the senior living industry, has partnered with NewCourtland Foundation, a nonprofit provider of community services and housing, to make funding available to its members for programs and projects that blend housing and services for low-income seniors.  With help from member contributions, LeadingAge committed $50,000 to the Innovation […]

Police Donate Confiscated Liquor for Nursing Home’s Happy Hour

Happy hours for residents in one Minnesota nursing home may soon get even happier thanks to an agreement with the local police department to receive donations of confiscated liquor, reports Sister Theresa Robertson, manager of the Holy Family Residence in St. Paul, said she sent a letter to St. Paul Police Chief Tom Smith […]

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 […]