Transactions and Financings: Life Care Services Adds Community; SRI Management Enters North Carolina

Management Life Care Services to manage Florida community Life Care Services announced it has been selected as the management partner for Amavida, a resort-style senior living community in Fort Myers, Florida. According to a press release, the community was recently purchased by a private investment firm and offers independent living, assisted living and memory care […]

Senior Living Industry Has ‘Huge’ Opportunity for Middle-Market Growth, Exploration

The middle-market senior living opportunity is “huge” thanks to demographic shifts, new payment sources becoming available and a wave of distressed properties. That was the consensus of panelists from a National Investment Center for Seniors Housing and Care (NIC) webinar hosted Feb. 1. For one, the pool of middle-income older adults is growing. By 2033, […]

How the Senior Living Sector Can Overcome Middle-Market ‘Paralysis’ in 2024

This article is available as part of your SHN+ membership For years, the senior living industry has discussed creating new models suitable for the middle market. But for all that effort, the industry still struggles in 2024 to meet the needs of middle-income consumers. When I talk with operators, what I often hear is that […]

Transactions and Financings: JLL Leads $28M Refinancing; Innovation Acquires Two AL Communities 

Transactions JLL Capital Markets leads $28 million refinancing for Texas community JLL Capital Markets announced that on Oct. 25, it arranged a $28 million senior mortgage for The Landing at Augusta Woods in Spring, Texas. The four year fixed rate loan will be used to refinance an existing construction loan and fund an expansion for […]

Transactions & Financings: HDG Starts Management of Two Communities; KeyBank Provides $21M for Affordable Project

Transactions Health Dimensions Group Begins Management of Communities Health Dimensions Group (HDG) announced it provided management services in addition to day-to-day operational oversight to two senior living communities in the northern Midwest. The communities – Stoney River of Marshfield, Wisconsin and Stoney River of Ramsey, Minnesota – are assisted living and memory care communities. Both […]

Why Senior Living Operators Are Warming Up to Moving Away from Private-Pay

As the senior living industry grapples with high expenses and depressed margins, some are embracing a once-unthinkable idea: Having taxpayers foot the bill for some or all of assisted living and memory care costs. While the industry has long resisted the allure of public dollars to help pay for operations, Medicare or Medicaid reimbursements could […]

Transactions & Financings: Innovation Senior Living Buys 2 in Florida; Roobrik Receives $3M Angel Investment

Financings CBIC Provides $17M for AL, SNF Portfolio CBIC Bank announed that it provided a California lessor with a $17.5 million mortgage facility related to the refinancing of an assisted living and skilled nursing portfolio in Southern California. The portfolio consists of 180 assisted living units and 100 skilled nursing bed and is run by […]

Industry Moving Too Slowly to Meet Middle-Market

The senior living industry is on track to be “crushed” by middle-market demand. Those are the words of Innovation Senior Living CEO Pilar Carvajal, who spoke with me for the Senior Housing News Transform podcast in May. “It’s actually an opportunity of a lifetime that I don’t know if our industry is going to be […]