“When you’re in a chaotic environment, you white-knuckle the status quo. We just can’t do that. We really have to think about what is the ‘new next’ that we are going towards.” Those are the words of Sequoia Living President and CEO Sara McVey, and they capture a common sentiment among other top executives in […]
Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The deal brings Dallas-based AccentCare, one of the five largest home health care companies in the country, and Seasons, one of the top five largest hospice providers, under one corporate umbrella. […]
The coronavirus pandemic is forcing providers across the country to spend more to maintain staffing levels. But it has also shined a light on how frontline workers have been cobbling together a living wage before and during the crisis at times by working for multiple providers or pulling shifts across different communities. With workers under […]
The steady stream of new senior housing inventory coming online through the mid-2020s has put pressure on operators to maintain occupancy. It is also focusing owners and operators to face the fact that historical trends in CapEx spending need to change. Operators have been getting away with penciling in smaller allocations from their annual budgets […]
SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]
Bridgewood Property Company has quietly become a regional force in senior living with a “steady as she goes” approach to development and operations. The Houston-based company has developed 34 communities since its founding, founder and president Jim Gray told Senior Housing News. Its current portfolio of 22 properties in Texas, Oklahoma and Arkansas, totaling 2,600 […]
With large glass windows, abundant balconies and a modern design, The Village at The Triangle might not look like senior housing to the casual eye. But those who step inside the building will find a 206-unit rental continuing care retirement community (CCRC) equipped with many of the same amenities you’d find at a resort hotel, […]
New Senior Investment Group Issues Fortress Affiliate $40 Million in Series A Preferred Stock New Senior Investment Group (NYSE: SNR) filed an 8-K form with the Securities and Exchange Commission (SEC) indicating the New York City-based real estate investment trust (REIT) issued 400,000 shares of Series A Preferred Stock to FIG LLC, an affiliate of […]
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
(Rendering of Landmark Memory Care located in Lafayette, Colo. — Photo courtesy of Landmark Memory Care) Construction: Planned Development of Thrive at Green Island Community Announced Flournoy Development Company of Columbus, Ga. and Atlanta-Based Thrive Senior Living announced their partnership to develop Thrive at Green Island in Columbus, Ga. Flournoy will be the developer for […]