Senior living providers might want to pay attention to a promising Johns Hopkins program that proves small changes can make a big difference. The program, dubbed Capable (Community Aging in Place, Advancing Better Living for Elders), combines three key elements of senior care services: nursing care, occupational therapy services and home improvement. For every $3,000 spent […]
Category: Senior Care
Conducting market testing is easier said than done, but with senior housing construction rates near all-time highs, knowing the feasibility of a project is crucial. Having a clear, in-depth understanding of a market where a property will operate make the difference between a leased-up community and a struggling operator. However, studies that just scratch the surface […]
Spectrum Retirement Names New President, COO Spectrum Retirement named Bradley Kraus as president and COO, effective immediately. Kraus has worked for Spectrum for four years, most recently serving as senior vice president of business development. Before joining Spectrum, he was a senior associate in the real estate practice of Cerberus Capital Management. He began his […]
Senior housing transaction dollar volume was weak at the end of 2016, but the year was still active due to a relatively strong number of smaller dollar transactions, according to preliminary end-of-year data from the National Investment Center for Seniors Housing & Care (NIC). However, separate M&A data released by Irving Levin Associates, also on […]
President-elect Donald Trump has chosen Rep. Tom Price (R-GA), M.D.—an outspoken critic of the Affordable Care Act (ACA)—to head up the Department of Health and Human Services (HHS) in the new administration. Price’s appointment could be good news for the struggling skilled nursing sector, as he appears likely to roll back regulations and some ACA […]
Another multifamily developer is taking the dive into the senior housing business and is developing a small but focused pipeline of independent living, assisted living and memory care communities with an established operator. Ian Guttman, vice president of Hills Properties and newly-founded Guttman Properties in Cincinnati, has seen first-hand the demand for senior housing as […]
Construction: Planned Senior Community Planning Addition, Iowa Located in Marshalltown, Iowa, Glenwood Place is planning for a $3.5 million addition to its independent living and assisted living apartments. The addition will add eight independent living apartments and 12 assisted living apartments to the community. Glenwood Place already has two bedroom independent living townhomes, assisted living apartments […]
Construction: Planned Senior Community Planned in Hanover Park, Ill. A master-planned community for adults ages 55 and over is planned in Hanover Park, Ill. Verandah will have independent living, assisted living and memory care components. There will be two-story townhomes, single-level villas and condos available for sale. The $40 million community will include amenities such […]
(Rendering of OPAL by element, located in Vancouver, British Columbia — Photo courtesy of Element Lifestyle Retirement Inc.) Construction: Planned Permits Finalized on $97.4M Senior Community in Canada Located in Vancouver, British Columbia, Element Lifestyle Retirement Inc. has announced its final approval for a $97.4 million project, OPAL by element. The community will be Element’s […]
As senior living providers address staffing challenges from attracting, training and retaining millennials to combating wage pressures, several job titles in the skilled nursing sector are garnering higher earnings year over year. The hourly rate of registered nurses who work in nursing homes continues to rise, according to the 2016-2017 Nursing Home Salary & Benefits […]
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