Why Standalone Memory Care Providers are Struggling With Occupancy

Some standalone memory care providers are having a rough go of it. Take Lake Oswego, Oregon-based Anthem Memory Care, which is having trouble raising equity and paying its quarterly rent in full to LTC Properties (NYSE: LTC), its real estate investment trust (REIT) landlord. Anthem, for its part, expects to resolve certain staffing and occupancy issues within […]

Anthem Fails to Make Rent, LTC Halts Future Development

LTC Properties (NYSE: LTC) is slamming the brakes on its future development plans with Anthem Memory Care after the Lake Oswego, Oregon-based provider failed to raise a certain amount of equity and pay its quarterly rent in full. The California-based real estate investment trust (REIT) issued a monitory default notice on its master lease with […]

Movers & Shakers: MBK Senior Living’s New President

MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]

Movers & Shakers: Sodexo’s New Senior Living Hire

Sodexo Names VP of Sales and Business Development for Senior Living Sodexo named Lindsay Casillas as vice president of sales and business development for senior living, focusing on accelerating growth of Sodexo’s seniors segment business in North America. She will also be a member of the seniors global leaderhsip team. Casillas joins Sodexo from Brookdale […]

In the Pipeline: Senior Housing Construction Projects (6/2/16)

(Project rendering of Spring Cypress Assisted Living and Memory Care, a senior living community managed by Civitas Senior Living in Cypress, Texas — Photo courtesy of Civitas Senior Living) Construction: Planned Developers Plan Civitas Assisted Living and Memory Care Project for Cypress, Texas The National Realty Group and MedCore Partners will begin construction late May to deliver an 80-unit […]

Providers’ Labor Costs to Soar Under New Overtime Rule

The U.S. Department of Labor (DOL) has dramatically increased the number of salaried workers eligible for overtime, sending senior housing executives—and business leaders in other sectors—crunching numbers and considering how to cope with labor costs that could skyrocket. Specifically, employers now may have to pay overtime to salaried workers making $47,476 a year ($913 a […]