Financing for assisted living and memory care developments and acquisitions is gradually becoming easier to secure, but high construction costs and continued pandemic-related uncertainty remain challenges. Developers with proven track records of success, however, have had little trouble putting together their capital stacks over the past year. And creative new avenues of lending, such as […]
Aegis Living
Aegis Living is piloting a resident-centered wellness program at its newest senior living community in a sign of things to come for the company’s entire 33-property portfolio. Under the new pilot, Aegis residents will work with the community’s staff to personalize their wellness plans according to their own health priorities. For instance, a resident who […]
When the pandemic ramped up last year, many senior living providers made sweeping changes to their operations to keep residents healthy and safe. For some providers, expenses rose in the early days of the pandemic as food prices, disposable items and food waste costs ticked up. At the same time, dining revenue plummeted across the […]
Covid-19 exacerbated an already tough hiring environment for senior living providers over the past year. Now, as the industry nears a post-pandemic environment, it is uncertain if providers will be able to recruit available workers — a challenge that may become harder if hospitality and other industries hard hit by Covid-19 experience quick rebounds. While […]
When the pandemic hit last year, many senior living operators relied on communication and marketing to win the trust of current and prospective residents and their families. But even if operators agree transparency makes the best policy, it’s not always clear what they should say, or how they should say it. Four senior living operators […]
During our recent virtual Sales Summit, Oakmont Senior Living COO Matt Stevenson said something that caught my attention: “When we look in most markets, we’re hovering around 10% to 11% penetration … to fully recover as an industry, we’ve got to get that to 15% levels.” His point was that, with the vaccine rollout enabling […]
When the first doses of the Covid-19 vaccine arrived in senior living communities late last year, residents rolled up their sleeves with gusto. But the same was not true for the industry’s workers. And that has not changed in the roughly two months since then, according to a recent National Investment Center for Seniors Housing […]
Earlier this month, Aegis Living and its joint venture partner, Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. The deal was facilitated in part by a $222 million Fannie Mae credit facility arranged by PGIM Real Estate. The 10-year interest-only loan is […]
JLL recently closed the sale of a 16-property senior living portfolio and is on track to log more than $600 million in sales this quarter. The 16 properties were previously owned by a publicly traded real estate investment trust (REIT) and were acquired by a non-traded REIT, Mike Garbers, managing director, capital markets, told Senior […]
Aegis Living, with its joint venture partner Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. Aegis currently operates the communities and will continue to do so going forward. The deal, totaling 702 units, is the largest in Aegis’ 24-year history and continues […]
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