For The Springs Living Founder and CEO Fee Stubblefield, dealing with Covid-19 has felt a little like piloting a commercial jet. “We were cruising along at 30,000 feet, and guess what, the air got contaminated and we had to shut off the engines,” Stubblefield said during a recent appearance on SHN’s Transform podcast series. “At […]
The Covid-19 pandemic is something every senior living provider must tackle head-on — but doing so comes at a significant cost. The Springs Living, a McMinnville, Oregon-based provider with 17 communities throughout Oregon and Montana, expects to spend more than $500,000 amid the Covid-19 pandemic. But that money is well worth it if the company […]
In the midst of Covid-19, senior living providers are under intense pressure to prevent residents from going to the hospital or other health care settings where they risk becoming infected with the coronavirus. But it’s more difficult than ever to accomplish this goal, because senior living providers also need to limit the number of health […]
The senior living industry may come out of the new pandemic era with an even stronger position than before — but in the meantime, operators are taking a hit on net operating income and are relying on support from their capital partners and even their competitors to weather the storm. For example, McMinnville, Oregon-based provider […]
The Springs Living is careful to maintain its quality as it grows. With an established foothold in the Pacific Northwest, The Springs Living Founder Fee Stubblefield is currently focused on how the senior living industry can do a better job of helping operators and capital providers strike a balance between growing and still maintaining operational […]
There are no notable surprises at the top of Argentum’s 2019 list of the largest providers in senior living, although there are some new additions to the expanded list. The industry association’s overall list now includes 140 providers and 624,795 units, compared to last year’s total of 125 providers and 586,662 units. For the first […]
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HJ Sims arranges $92 million bond financing package for Lutheran Senior Services HJ Sims completed a $92.4 million refinancing package for Lutheran Senior Services (LSS). The proceeds will fund an expansion to LSS’ Mason Pointe community in Chesterton, Missouri, as well additional planned capital improvements at other communities within its portfolio. HJ Sims identified bonds […]
While many senior living owners and operators stress investing in their buildings to keep occupancy high, investing in their workers is equally as important, if not more so. That was among the top takeaways from a panel discussion at the National Investment Center for Seniors Housing & Care (NIC) fall conference in Chicago, which began in […]
HJ Sims Completes $98 Million Financing for Life Plan Community in Pennsylvania HJ Sims, a privately held investment bank and wealth management firm, recently completed a $98 million financing for Brethren Village, a life plan community in Lancaster, Pennsylvania. The financing consisted of fixed-rate, BB+ rated Series 2017 refunding bonds, structured with term and serial bonds, […]
