Greystone Provides $49.4 Million in Freddie Mac Financing for Seniors Housing in California and Colorado Greystone, a real estate advisory, investment and lending firm, announced it provided $49.9 million in Freddie Mac loans to refinance two assisted living and memory care communities in Denver, Colorado, and Carmichael, California. Greystone Managing Directors Scott Kavel and Cary […]
Ziegler
This week on Senior Housing News, readers learned about the future of senior housing, which has a lot to do with adhering to the needs of middle-income seniors. They also learned how to arrange good deals on Class B senior housing properties, how senior living companies still rely on temp agencies to combat staffing woes, […]
Ziegler Closes $110.96 Million in Financing for Epworth Living at The Ranch Chicago-based speciality investment bank Ziegler announced the closing of the $110.96 million, unrated, tax-exempt, fixed-rate Series 2016 Bond issue for Epworth Living at The Ranch, a nonprofit continuing care retirement community (CCRC) in Stillwater, Oklahoma. The Ranch will have 23 independent living villas, […]
Chief financial officers (CFOs) throughout the senior living industry are taking matters into their own hands when it comes to alleviating staffing pressures in their organizations—and with some success. But they’re still having to rely on temp agencies to fill staff vacancies a good deal of the time. That’s according to the chief financial officers […]
Ziegler Closes $34.49 Million Bond Issue on Behalf of UMRH Chicago-based speciality investment bank Ziegler announced the successful closing of the $34,485,000, tax-exempt, fixed-rate Series 2016A Bond issue on behalf of The United Methodist Retirement Homes (UMRH). UMRH, a Life Care Services partner since 2000, is a multi-site operator of three continuing care retirement communities […]
The demand for top talent for senior housing jobs is rising fast….find out who is looking for fresh talent and if your skills fit the needs of some of the industry’s most innovative employers that are advertising on the Senior Housing News Job Board. Post your job today to reach the most progressive and up […]
The severe economic downturn that began in 2007 altered continuing care retirement communities (CCRCs) in lasting ways, creating a product that is more sensitive to perceived consumer needs and preferences. However, it’s hard to say that consumers are eagerly taking advantage of new contract types and other options, suggest recently released research findings. The economic crisis […]
The U.S. Department of Labor (DOL) has dramatically increased the number of salaried workers eligible for overtime, sending senior housing executives—and business leaders in other sectors—crunching numbers and considering how to cope with labor costs that could skyrocket. Specifically, employers now may have to pay overtime to salaried workers making $47,476 a year ($913 a […]
Executives at not-for-profit senior living companies are largely optimistic about the economy and are pursuing expansion plans, positioning for growth as they face increased competition from for-profit peers and other threats. Compared with last year, 41% of nonprofit executives are more optimistic about the current economic outlook, according to survey findings from Irving, Texas-based Greystone Communities and […]
There’s no doubt about it—the role of chief financial officer in senior living has changed. Gone are the days when a CFO could get away with only understanding financial topics, according to industry professionals who attended a recent workshop. Now in its 18th year, the Ziegler LeadingAge CFO workshop has reached a conversation turning point among CFOs, […]
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