Senior Housing Construction Costs Keep Surging

Senior housing construction costs continue to increase across the country, as contractors report a widespread labor shortage. In fact, 70% to 80% of contractors report difficulty in finding qualified labor, according to a Jan. 19 construction costs brief prepared by Larry Graeve, senior vice president of construction firm The Weitz Company. The brief was prepared […]

Brookdale Takeout Chatter Focuses on Valuation, Deal Structures

Many questions have been raised by the rumor that Brookdale Senior Living (NYSE: BKD) is negotiating with the Blackstone Group and other potential buyers over a sale of the company. Perhaps foremost among these questions: What is the value of Brookdale’s real estate, and what deal structures appear most likely? The real estate piece is […]

New Year, New Repayment Law for CCRCs

Continuing care retirement communities (CCRCs) in California are preparing for a new law that will impact the way they repay contracts. The new law requires CCRCs to repay entrance fees if a unit is vacated by the resident in a certain amount of time, or else risk accruing interest. The law has the potential to […]

Why Senior Living Still Struggles with Digital Marketing

When it comes to senior living communities, marketers still favor the tried-and-true. They rank “community website” as the most effective way to market senior communities, but direct mail, in-person events, and print ads follow, beating out digital marketing methods. That’s according to 149 senior living marketing vice presidents, directors, and managers who responded to an online survey conducted in […]

Movers & Shakers: Welltower’s New VP of Investments

Welltower Welcomes New VP of Investments Welltower Inc. (NYSE: HCN) hired Kevin Tyler as vice president of investments for the real estate investment trust (REIT). Tyler joins Welltower from Green Street Advisors, where he was an analyst and health care sector head. He has almost 15 years of experience in real estate, health care and […]

How Senior Housing Has Miscalculated Future Demand for Years

The senior housing industry may have been unrealistic in calculating its customer base for years, skewing estimated demand and impacting capital allocation decisions, according to a new white paper. To assess whether the service-enriched senior housing industry has a realistic grasp on who makes up its customer base—and to determine the impact recalibrating the customer base would have […]

Senior Housing Construction Costs Near Pre-Recession Highs

Senior housing construction costs are nearing pre-recession levels and will likely continue to rise, despite the labor challenges also impacting the industry. That’s according to two new issue briefs published by the American Seniors Housing Association (ASHA) and Iowa-based national construction firm The Weitz Company. The tight labor market is becoming a major issue for […]

Movers & Shakers: CBRE’s Youngest Vice Chairman

CBRE Promotes New Vice Chairman CBRE Group, Inc. announced the promotion of Aron Will to vice chairman. He is CBRE’s youngest vice chairman to date. Will is currently the co-leader of the national senior housing debt and structured finance practice for CBRE Capital Markets, which specializes in the capitalization of independent living, assisted living, memory […]

1.8 Million More Seniors Housing Units Needed by 2040

Talk of oversupply has permeated the seniors housing industry for months on end, with real estate investment trusts (REITs) and operators alike expressing fears and doubts about the future of the market. Is it possible, though, that seniors housing developers have not been building enough to keep up with demand? The United States will need […]