Transactions and Financings: IRA Capital Acquires 140-Unit Community; Ziegler Closes on $76.9M Bond Series for LPC 

Acquisitions IRA Capital acquires $41M, 140-unit community IRA Capital, a private equity firm, announced that on Dec. 21 it had acquired the 140-unit San Clemente Villas by the Sea. According to a press release, the acquisition cost $41 million, and IRA Capital plans to invest additional capital to “elevate the senior living experience” at the […]

‘Only Way to Serve Them’: Why More Senior Living Operators Are Opting to Affiliate

As the era of the single-site and small-system operator comes to a close, organizations are increasingly looking to scale by affiliating with one another. While operators have long sought affiliations as a creative way to grow – particularly on the nonprofit side of the industry – the challenges of operations in recent years have pushed […]

How Brightview, Kendal, Asbury Use Brain Health, Education to Extend Memory Care Services

Senior living operators are currently preparing in anticipation of a demand wave for memory care services — and not only for residents currently living with Alzheimer’s or dementia. Assisted living residents are living with more than 14 chronic conditions, on average; and no doubt some of them are related to cognitive decline. And while many […]

A Vision of Senior Living’s New ‘Wellness Era’

Last week, Senior Housing News was thrilled to convene a tremendous group of industry leaders and visionaries at our WELLNESS/DISHED event in Orlando. “The … meeting sparked some of the best discussions I’ve been part of this year on how we can improve and better support the physical, social, mental, and overall wellness of those […]

Movers & Shakers: Front Porch Starts CEO Search; Sonida Appoints New CFO

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Rise of Robots: Workforce, Covid Pressures Lead to Bolder Tech Investment in Senior Living

The Covid-19 pandemic is still putting pressure on every facet of senior living operators, particularly as it relates to staffing, occupancy, and expenses. Technology is helping to fill the gap. Across the industry, senior living operators are exploring robotics and software systems aimed at boosting efficiency and helping workers spend more time with residents. Operators […]

The Diversified Senior Living Company of the Future: Providers Look Beyond Housing in Covid’s Wake

There are signs that Covid-19 has propelled more senior living providers to consider diversification strategies, adding new ancillary service lines as a financial and strategic play. The trend was already underway before the pandemic struck, but with Covid-19 eroding occupancy to historically low levels, providers have recognized the risks in tying revenue almost entirely to […]

Transactions & Financings: LTC Settles With Senior Care Centers and Abri Health Services; Terwilliger Plaza’s $155M Bond Issuance

The relationship between LTC Properties (NYSE: LTC) and two of its bankrupt tenants has come to an end. The Westlake Village, California-based real estate investment trust (REIT) announced it reached settlement agreements with Senior Care Centers and Abri Health Services. LTC agreed to pay the skilled nursing providers $3.25 million in exchange for their assistance […]