Senior living is in a period of tremendous change and upheaval. Providers must accept this and get creative if they are to survive and thrive, five senior living executives said this week at the Argentum conference in San Antonio. “I think the common theme is change — change in how we operate, change in technology, […]
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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 […]
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 […]
Acts Retirement-Life Communities is conducting a two-year study in its communities, tracking the changes in residents’ brain health habits as a result of participating in Total Brain Health classes offered across the portfolio. The results of the study may serve as a blueprint for maintaining brain health as seniors age. The study, conducted by Acts […]
Everyone wants to be catered to. Memory care residents don’t just want it – they need it. For close to 30 years, Presbyterian SeniorCare Network in Oakmont, Pennsylvania, has been developing its person-centered care model. In many regards, these person-centred practices reach their peak in memory care dining. “Presbyterian SeniorCare Network lives a person-centered culture […]
Chicago Pacific Founders (CPF) has begun acquiring Medicare Advantage companies, and leaders with the private investment fund are seeing synergies with the senior housing communities in their portfolio — with much greater integration likely in the future. “The plan is for it to grow exponentially,” CPF Founding Operating Partner John Rijos [pictured above] told Senior […]
Beatitudes Campus, well known for its Comfort Matters memory care approach, has embarked on a $260 million, eight-year repositioning to transform and expand its presence in Phoenix. “We created a plan that will touch virtually all of our 27-acre campus,” Beatitudes President and CEO Michelle Just told Senior Housing News. Beatitudes first opened in 1965, […]
Active adult is one of the most in-demand real estate product types at the moment, but investors and developers need to do their due diligence if they want these to be successful investments. Active adult is growing in popularity with investors because it does not have a health care component found in other senior housing […]
In the midst of industry headwinds, The LaSalle Group is focused on business basics in 2019 — but the Dallas-based company has some new initiatives underway as well. Notably, it is rolling out a new brand called “The Whitley” and is forging ahead with technology initiatives to streamline sales and marketing. LaSalle is an integrated […]
Kim Lody has been focused on leading an operational turnaround since taking the helm in January at Capital Senior Living (NYSE: CSU). She is aiming to get the company on a firm footing so that it can be nimble in the years ahead, as she anticipates that senior living will go through a major evolution. […]