Several facets of the Affordable Care Act come into play beginning in 2016, raising questions about how the law’s continuing implementation will impact the senior housing industry. A survey released earlier this year by the International Foundation of Employee Benefit Plans found that 33% of employers expect the greatest cost increase from the ACA to […]
(Stonecroft Health Campus in Bloomington, Ind. — Photo courtesy of Mainstreet and Trilogy Health Services) Construction: Planned Benchmark Senior Living to Break Ground in Woburn, Mass. The Wellesley, Mass.-based operator will break ground on their newest senior living community, Benchmark Senior Living at Woburn, on July 29th at 10:30. This $30 million development project will bring […]
As rates of construction continue to climb and new competitors enter the landscape, senior living development has become a game that providers must approach carefully in order to capture market share and ultimately drive revenue. For some of the industry’s experienced players, this means creating a game plan to differentiate their product and maintain a […]
In case you missed it, here are the top headlines that grabbed the attention of Senior Housing News readers this week: The Top 10 Senior Housing Trends for 2015—A new year brings new opportunities. Check out the top senior housing industry trends in 2015, from what to expect in the mergers and acquisitions market to […]
Health Care REIT is purchasing a nine-property assisted living portfolio managed by Benchmark Senior Living from the current owner for $360 million, the Boston Globe first reported Thursday. The health care REIT is purchasing the properties—all located in New England—from a private real estate company, Boston-based Intercontinental Real Estate Corporation. A representative for Intercontinental confirmed that the portfolio comprises 691 […]
The weeks leading up to Christmas can be the busiest time of year for many, but for senior living sales teams, it’s the post-holiday rush that puts providers to the test. For families, the holiday season is often a time for gathering. But for senior living sales personnel, it’s a time for planning, training and […]
Health Care REIT, Inc. (NYSE: HCN) today reported record operating results for the quarter and year ended December 31, 2013, driven by “unstoppable forces” that will continue to benefit its senior housing portfolio. The company completed a record quarter of earnings with normalized Funds from Operations (FFO) per share of $0.99, a 16% increase from […]
Construction: Planned Benchmark Senior Living Proposes Pleasantville Community Benchmark Senior Living has proposed an 87-unit assisted living community in Pleasantville, N.Y., reports the Pleasantville Daily Voice. The community would be on a 3.5 acre plot of land next to a local church, which has agreed to sell the land to Benchmark pending the project’s approval. […]
Holliday Fenoglio Fowler, L.P. (HFF) recently closed the $63.25 million sale of two senior living properties in Massachusetts to Benchmark Senior Living with joint venture partner Health Care REIT (NYSE:HCN). The 176-unit senior living portfolio was marketed by HFF on behalf of AEW Capital Management. The properties have been renamed to Benchmark Senior Living at Robbins […]
Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition. While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]
