In only a few years, many senior living organizations will be tasked with choosing new CEOs, but that doesn’t mean they’re prepared. In a recent survey, Chicago-based specialty investment bank Ziegler found that more than 70% of not-for-profit senior living CEOs are expected to retire in the next 10 years, but only 35% of not-for-profit senior […]
The senior living industry is bound to look much different by 2028, where leadership is concerned. Yet, many nonprofit senior living providers are still not focused on succession planning. More than 70% of not-for-profit senior living CEOs are expected to retire in the next 10 years, according to the latest CFO Hotline report from Ziegler. […]
Operating non-profit senior living grows more complex by the year. Accordingly, providers in that space are becoming more interested in satellite locations, wrestling with how many skilled nursing beds they should have and struggling with staffing issues. But they are optimistic on the whole. That was the core takeaway from the 2017 Ziegler Annual Senior Living Finance […]
Love Funding Closes $19 Million Loan for Affordable Apartment Community in Virginia Washington, D.C.-based Love Funding recently announced the closing of a $19 million loan meant to preserve and refurbish Tysons Tower, an 274-unit affordable senior housing community in Vienna, Virginia. Tysons Tower was built in 1976 by The Fairfax Education Association Retirement Housing Corporation […]
Lancaster Pollard Secures $7 Million Refinancing for New York Assisted Living Community Lancaster Pollard recently assisted The Lake Shore Assisted Living Home, a 200-unit assisted living community in Lake Ronkonkoma, New York, with a $7 million refinance utilizing the FHA Sec. 232/223(f) program. The Lake Shore Assisted Living Home was searching for a more beneficial long-term debt […]
