Senior housing experts have long touted university partnerships as the solution to several frustrating industry challenges: staffing shortages, occupancy headaches, unoriginal resident programming. Despite the general agreement that university partnerships do benefit senior housing providers, though, it can be difficult to ensure their ultimate success. That’s why, at some senior housing communities, choosing whether to […]
MidCap Financial Arranges $7.9 Million Loan for Skilled Nursing Facility in Arizona Commercial finance company MidCap Financial recently arranged a $7.9 million, fixed-rate HUD 232/223(f) loan to refinance a 137-bed, 69-room skilled nursing facility in Sun City West, Arizona. The financing was arranged by MidCap Financial Housing Capital Inc. Managing Director Brett Patrick. Ziegler Closes […]
(The Healthcare Resort of Plano developed by Mainstreet and operated by The Ensign Group in Plano, Texas — Photo courtesy of Mainstreet) Construction: Planned Omega Communities Plans $45 Million Community for Ga. Birmingham, Ala.-based Omega Communities plans to begin construction later this year on a new $45 million continuing care retirement community (CCRC) in Stockbridge, […]
Ecumen, National Senior Campuses and Episcopal SeniorLife were among the fastest-growing nonprofit senior housing providers in 2014, according to the 2015 LeadingAge Ziegler 150. The LZ 150, now in its 12th edition, lists the largest not-for-profit systems offering aging services through senior living in the country, among other statistics. This year, the top three largest not-for-profit […]
Sean Kelly to Take the Helm at The Kendal Corporation in 2016 The Board members of Kennett Square, Pennsylvania’s The Kendal Corporation have selected Sean M. Kelly, the organization’s current director for new business development, to succeed John Diffey as president and CEO next year. Diffey notified the Board in March of his plans to […]
LeadingAge and Ziegler have teamed once again to release their collaborative analysis of the largest not-for-profit senior living providers in the U.S., but this year the rankings go beyond the traditional top-100 to include the 150 largest organizations in the first-ever LZ 150. Now in its 11th edition, the LZ 150 ranks the largest nonprofit […]
Construction: Planned Senior Star to Expand Mo. Retirement Community Senior Star is breaking ground on an addition to its Kansas City, Mo.-located Wexford Place to add new living units and expand available services. The project includes the addition of 67 apartment homes as well as adding Alzheimer’s and dementia services with 24 memory care apartments. […]
Many non-profit continuing care retirement communities (CCRCs) have enjoyed getting 100% financing for their properties in the past, but that could change going forward, according to panelists speaking at SHN’s first annual Senior Housing Summit in July. LeadingAge, a non-profit advocacy group of senior living providers, says 80% of CCRCs are non-profit, and while most […]
A few high-profile bankruptcies by continuing care retirement communities have made waves in the senior housing industry, and there’s more drama to come—for at least four more years, says a New York-based owner-developer of CCRCs who specializes in acquiring distressed assets. During Senior Housing News’ inaugural Senior Housing Summit, held last Thursday in Chicago, Ill., […]
