Gardant Co-President, Industry Associations Call for Better Public-Private Collaboration in Senate Hearing

Closer collaboration between the government and private-pay senior living operators are needed to maintain assisted living quality and affordability in the years to come. That’s according to Gardant Management Solutions Co-president and COO Julie Simpkins, who spoke Thursday at a U.S. Senate hearing spurred by the Washington Post’s series of articles highlighting elopements and staffing […]

Wave of Operator Switches Points to Evolving Playbook for Senior Living in Smaller Markets

This article available as part of your SHN+ membership Operator transitions have been making headlines over the last few weeks, with many of the handovers involving properties serving middle-market consumers in secondary markets. The recently announced transitions include: The backstories behind these transitions vary, but many of the communities involved are serving a similar consumer […]

Transactions and Financings: HealthDrive Acquired; SLIB Facilitates Sale of Two Communities

Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]

Gardant Management Adds 25 Senior Living Communities to Growing Portfolio

Gardant Management Solutions is growing its presence in the Midwest with the addition of 25 communities to its senior living portfolio. The newly added 25 communities are located in Illinois and Ohio, according to an announcement. Bourbonnais, Illinois,-based Gardant is among the nation’s larger national senior living providers, and with the new management agreements, the […]

In the Pipeline: Evergreen Plans Affordable Assisted Living in Indiana; Arrow Senior Living’s First Kansas Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View the 2021 winners here. Construction: Planned Evergreen Secures Financing for Affordable Assisted Living Community in Indiana Evergreen Real Estate Group has secured financing for Green […]

In the Pipeline: Belmont Village, Baptist Health Project Breaks Ground; Silverstone Opens D.C.-Area Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned American House, MHT Housing Developing Michigan Community American House Senior Living Communities, the affiliated company of national real estate development […]

Transactions & Financings: Griffin-American Health Care REIT Merger Complete; HumanGood Secures $120M Bond Package

Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]

‘Super-Regional’ Providers Will Shape Next Senior Living Era

The expansion of regional senior living providers has been an ongoing trend in 2021. Some of these companies are gaining so much scale, they are becoming “super regionals.” I’ve heard the term “super regional” increasingly this year, including at the recent Argentum conference. This chatter makes sense, as transactions in the last few months have […]

Labor, Insurance, Marketing Put Senior Living Margins Under Post-Covid Pressure

As the senior living industry enters a post-Covid environment, rising expenses are hitting bottom lines and raising doubts about how quickly operators can recover financially. Labor was an ongoing concern, pre-pandemic. Now, hiring employees is the top challenge, and providers are competing against other industries for entry-level and skilled talent, face higher minimum wage floors, […]