Senior Housing Operators Must Address Risks as Liability Insurance Costs Grow

Faced with rising liability insurance costs, senior housing providers are working with insurers and insurance brokers to address the issue by identifying and managing risks. Liability insurance rates are expected to rise by as much as 30% in 2019, according to insurance broker Willis Towers Watson. The growth in claims, payouts and settlements is so […]

Greystone CEO: CCRCs Have Solid Future, But Pricing Will Change

There’s been some uncertainty about the future of continuing care retirement communities (CCRCs)—whether they will appeal to the next generation of seniors, or whether their pricing model will deter those potential residents. In reality, though, CCRCs are likely here to stay, Greystone Communities co-CEO John Spooner told Senior Housing News. Irving, Texas-based Greystone is a management consulting […]

Senior Housing Investments & Transactions: Réseau Sélection Expands, NHI Purchases in Oklahoma

Réseau Selection Expands Presence in Greater Montréal  Réseau Sélection has acquired three independent living communities in the Greater Montréal area, giving the company more than 40 residences in the region. Réseau acquired the three properties—Cherbourg I and Cherbourg II of the municipality Brossard and Le Graham in the Town of Mount Royal—from Prével Retraite and the Fonds immobilier de solidarité […]

Senior Living Nonprofits Remain Bullish Despite Looming Threats

Executives at not-for-profit senior living companies are largely optimistic about the economy and are pursuing expansion plans, positioning for growth as they face increased competition from for-profit peers and other threats. Compared with last year, 41% of nonprofit executives are more optimistic about the current economic outlook, according to survey findings from Irving, Texas-based Greystone Communities and […]

Movers & Shakers: Senior Lifestyle’s New COO

Senior Lifestyle Announces New COO Chicago-based owner, operator and developer Senior Lifestyle Corp. announced the appointment of Lisa A. Fordyce as COO, where she will be responsible for leading the company’s operational business strategies and care initiatives. Before joining Senior Lifestyle, Fordyce served as a vice president of operations at Emeritus Senior Living, leading its […]

Senior Housing Deals Surge as Nonprofits Power-Up

A clear consensus is emerging in the senior living sector: Nonprofits are bouncing back after the recession, and leaders in the industry are taking note of their aggressive push for affiliations. More nonprofit senior living providers are choosing to consolidate or partake in joint ventures for strategic reasons, as opposed to the financial pressures that […]

Greystone President: Nonprofits Chasing Deals with ‘Intense Effort’

On the heels of the merger between California-based nonprofit senior living providers American Baptist Homes of the West (ABHOW) and be.group, Greystone Communities President Mark Andrews says he wouldn’t be surprised if there’s more such activity ahead as other nonprofits play catch-up after the recession. Following this year’s The Greystone Event, the senior living advisor’s […]

In the Pipeline: Senior Housing Construction Projects (7/2/15)

Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]

The 221 Million Opportunities for Senior Living Developers in China

A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]

Greystone to Tap Huge Chinese Market With New Partnership

As the United States comes to grips with its own graying population over the next decade, real estate developers in China are looking to American senior living companies for expertise in providing both housing and health care-related services to serve their own aging boom. Last week, Irving, Texas-based Greystone Communities announced a development and management […]