Presbyterian Homes and Services is examining potential new markets for future growth as its recovery journey continues into this year. Presbyterian Homes and Services is making strides in its recovery journey as occupancy improves while staffing issues remain the biggest challenge for the nonprofit senior living operator. Also known as PHS, the organization is based […]
This article is available as part of your SHN+ membership Senior living leaders often talk about the generational tailwinds ahead in the form of an aging demographic of baby boomers. What they don’t talk about as much is how those trends will affect their companies in potentially negative ways. As the boomers age, so too […]
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, […]
National Senior Communities, the Evangelical Lutheran Good Samaritan Society and Presbyterian Homes & Services have again landed at the top of the annual LeadingAge Ziegler 200 report, which was released Thursday. The annual report, now in its 20th release, ranks the largest senior living nonprofits in the country by various measures, including total unit count. […]
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. Construction: In Progress $25M renovation underway at Philadelphia community The first phase of a $25 million renovation is underway at Fountain View at Logan Square, marking […]
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. Construction: Planned Harvey, Illinois sees remodel of affordable living community The South Suburban Senior Housing Apartments in Harvey, Illinois are getting a $15 million face-lift along […]
I did not expect potential senior housing oversupply to be a hot topic at the National Investment Center for Seniors Housing & Care (NIC) conference last week, but I also was not surprised by the concerns. I did not anticipate this would be a hot-button issue because high material costs, construction industry labor pressures and […]
Presbyterian Homes & Services (PHS) has acquired three senior living communities in the Minneapolis–Saint Paul metropolitan area from development firm Oppidan for about $100 million. The communities changing hands — The Pillars of Shorewood Landing, The Pillars of Highland Park, and The Pillars of White Bear Lake — range from 110 to 160 units. Ebenezer […]
Hudson Originates $37.75 Bridge Loans for Columbia Pacific Advisors Hudson Realty Capital completed its first health care deal on the heels of hiring senior living industry veteran Ashley Wilkens as director, deputy chief underwriter. The transaction involved two bridge loans aggregating $37.75 million secured by two senior living and memory care communities. One is The […]
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 Goodwin House Plans Virginia Community Goodwin House Incorporated, which manages two life plan communities in Northern Virginia, has plans to […]
