The aging-in-place movement has been touted as an effective strategy to keep folks in their homes, either delaying or avoiding altogether the need to enter senior-oriented housing, and this trend could potentially have chain-reaction implications for senior living communities’ business models and marketing strategies. Greater numbers of people choosing to age in place could mean […]
Brookdale Senior Living
Senior Living Executive, the Assisted Living Federation of America’s magazine, has just released its annual list of the nation’s Top 80 Largest Providers, topped this year by Brookdale Senior Living (NYSE:BKD). The list ranks for-profit senior living operators by total resident capacity as of the first of the year, as reported by each company. “REITs […]
Brookdale Senior Living recently purchased Grand Court retirement home from Ventas Realty Limited Partnership for $15.95 million, reports the Business Review. The buyer is listed as BLC Fort Myers-GC LLC, with Chicago-based law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP listed on the deed. Grand Court is a 183-unit independent living facility that features a […]
There was widespread uproar in the skilled nursing industry last summer when the Centers for Medicaid & Medicare Services (CMS) announced an upcoming cut to Medicare reimbursement rates. The cuts have been in effect for a full quarter now, and it looks the industry is still hanging on—for now. REITs: Less Impacted Than Expected HCP, […]
There’s been some buzz recently around the accountable care organization (ACO) model found within President Obama’s healthcare reform bill, as the senior care industry looks into partnering up with other providers in the continuum of care to provide the best possible outcomes for patients. Even though much of the bill won’t go into effect until […]
Construction for seniors housing is still very low, according to the National Investment Center for the Seniors Housing & Care Industry, but if the most recent round of quarterly earnings calls are any indication, it looks like some real estate investment trusts (REITs) are cautiously beginning to finance some development projects. HCP, Inc.: Partnering with Brookdale for […]
This article is part of a series following “Will the Nation Go Broke Paying for Senior Housing & Long-Term Care?“ The whole aging-in-place movement can be scary for senior housing providers who worry about how their occupancy levels might be affected with seniors increasingly wishing to remain in their own homes, but they can take […]
Brookdale Senior Living, Inc. (NYSE:BKD) announced on Feb. 14 that it had recently completed the acquisition of nine senior living communities with a total of 1,295 units for an aggregate purchase prices of $121.3 million, as well as customary transaction expenses. Brookdale previously operated these communities, which were under long-term leases accounted for as operating […]
Although real estate investment trusts (REITs) face higher risks when entering into a RIDEA structure with senior housing operators, it’s risk that’s well thought out, and the management structure will become increasingly important going forward, analysts say. RIDEA, which comes from and is an acronym for the REIT Investment Diversification and Empowerment Act of 2007, […]
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