Best Affordable Senior Housing Design 2019: Sustainable, Mixed-Use Project Transforms a Downtown Core

A senior housing community has become a linchpin in the revitalization plan for downtown South San Francisco, California — but the project almost did not come to pass. Rotary Terrace is an innovative public-private partnership led by HumanGood Affordable Housing on an urban infill site which connects residents to services and jobs, built with sustainability […]

Senior Housing Occupancy Inches Up, Assisted Living Turns a Corner

Average senior housing occupancy inched forward in Q4 2019 to 88.1%, up 10 basis points from the previous quarter’s 88% rate, according to new data from the National Investment Center for Seniors Housing & Care (NIC).  But a deeper dive into the data paints a richer picture, including a possible inflection point for assisted living, […]

LCS, NHI Team Up to Buy Washington CCRC for $133 Million

LCS and National Health Investors (NYSE:NHI) have joined forces to buy a continuing care retirement community (CCRC) in Washington. The Des Moines, Iowa-based senior living company and the Murfreesboro, Tennessee-based real estate investment trust (REIT) on Tuesday agreed to form a new joint venture to own and operate Timber Ridge at Talus, a “Type A,” […]

New Tech Helps Revera, Asbury, Carlton Meet Workforce Challenges

The senior housing industry is gradually embracing technology but still struggles to keep up with the pace of new advancements, as well as the costs involved with implementing technology. Still, forward-thinking providers are making significant technology investments that are bearing fruit. When asked to name the single tech implementation that has made the biggest positive […]

Asbury Makes Pharmacy, PACE Inroads With Albright Affiliation

Asbury Communities has welcomed a new partner into the fold — and, in the process, it’s made strides toward diversifying the services it offers. The Frederick, Maryland-based senior housing and care nonprofit on Monday announced an affiliation with Albright Care Services, an organization that operates two continuing care retirement communities (CCRCs) servicing a total of […]

New Morrison CEO: Dining Must Keep Up with Rapid Changes in Senior Living

With a refreshed brand, a new name and a new CEO, Morrison Living is shooting for innovation. The Atlanta-based hospitality services company — which is part of the Compass Group — plans to do that in part by implementing food trucks and robot bussers in some of the more than 400 U.S. senior living communities […]

Transactions & Financings: Dominium’s $52M Loan; OneDay Closes Funding Round

Dominium secures $52M for Arizona community Plymouth, Minnesota-based affordable housing developer Dominium secured a $51.7 million construction and permanent financing package for Solstice of Mesa, a 237-unit 55-and-over affordable senior community in Mesa, Arizona. KeyBank provided the loan using its Private Placement Program. Dominium will manage the property when it is completed in summer 2021. […]

After ‘Existential Crisis,’ Nonprofit SFCJL Creates Byer Square Membership Model

In 2013, the San Francisco Campus for Jewish Living (SFCJL) was facing a dire situation. Reimbursement cuts being contemplated by the state of California posed a serious threat to its skilled nursing-focused business model, and the organization’s leaders recognized that they needed to radically reinvent the nonprofit to safeguard its future and continue to fulfill […]

Residential Real Estate Values Complicate Life Plan Communities’ Stable Outlook

Non-profit life plan communities can expect another year of stability in 2020, but there are some factors that could complicate the landscape in the future. That’s according to a new report from Fitch Ratings, which on Wednesday released its annual outlook for U.S. not-for-profit life plan communities. As in previous years, those communities should expect […]