People living in life plan communities desire more transparency about business and operational matters, putting pressure on providers to meet these rising expectations while managing pitfalls, including “rogue” residents. That’s according to Evanston, Illinois-based senior housing provider Mather LifeWays and its research arm, the Mather LifeWays Institute on Aging, which partnered with Ziegler, Life Care Services and […]
Good times are here for many continuing care retirement communities (CCRCs). The boom times for CCRCs—or “life plan communities,” depending on who you ask—was predicted earlier this year by Marcus & Millichap. The national real estate brokerage firm anticipated that CCRCs would be the only senior housing asset class to see an overall increase in occupancy in 2017. CCRCs […]
To date, no studies have been conducted to determine the impact that living in a life plan community has on seniors’ long-term health and wellness. For that reason, the research service arm of Evanston, Illinois-based senior housing provider Mather LifeWays is partnering with a Big Ten university to analyze that very subject. Mather LifeWays Institute on Aging […]
CBRE Arranges Acquisition Financing for CA Ventures, Construction Financing for Belmont Village Houston-based CBRE Capital Markets has arranged a portfolio acquisition financing on behalf of a joint venture between Chicago-based real estate investment holding company CA Ventures and a global investment manager for the CA Senior Living portfolio. The portfolio consists of four senior housing […]
The vast majority of senior living providers rely, in some way or another, on outsourcing—whether that means tapping other companies to provide their ancillary services or using medical record software from third-party providers. The most-preferred third-party vendors of many providers were outlined in a recent survey by Ziegler. The Chicago-based specialty investment bank polled 143 chief financial […]
Smaller nonprofit senior living organizations are not only trailing behind their larger counterparts when it comes to implementing electronic medical/health records (EMRs/EHRs) — they’re also implementing less sophisticated technology. That’s according to a recent survey conducted by senior living industry association LeadingAge and Chicago-based specialty investment bank Ziegler as a follow-up to their 2016 LeadingAge […]
Ziegler Closes $122.45 Million Financing for Life Plan Community in Missouri Chicago-based specialty investment bank Ziegler recently announced the successful closing of $122.45 million un fixed-rate, tax-exempt Series 2017A financing for Ashfield Active Living and Wellness Communities, Inc., dba Aberdeen Heights, a nonprofit corporation based in Missouri. Aberdeen Heights, a life plan community in Kirkwood, […]
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 busiest senior housing underwriter in the country last year wasn’t a large, multinational financial corporation—instead, it was an investment bank a fraction of that size. Chicago-based specialty investment bank Ziegler was the top health care/senior living municipal underwriter by number of financings in 2016, with 80 bond issues worth about $4.46 billion, according to Thomson […]
More seniors than ever before are embracing digital technology like smartphones and the internet, according to a newly released report from Pew Research. The report is based in part on findings from a phone survey of 3,015 U.S. adults conducted between Sept. 29, 2016, and Nov. 6, 2016. About 42% of seniors ages 65 and older […]
