Author

Jaime Lackey

Diane Umayam of Leisure Care
Assisted LivingContent PartnersIndustry ContentMemory CareSkilled NursingTechnology

Streamline Clinical Workflows in Seniors Housing with Intelligent Technology

by Jaime Lackey

Navigating complex, siloed operating systems to update residents’ medical data is a common source of frustration for managers of seniors housing portfolios. At Leisure Care, one of the nation’s largest privately held retirement and assisted living companies, this particular pain point was consuming much of the clinical staff’s working hours and detracting from their available time to care for residents. Diane Umayam, Leisure Care’s vice president of Health Services at the Seattle, Washington-based organization, noted that the electronic health record (EHR) software her teams were using often required them to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bestbath: The hidden labor cost of senior living bathrooms
BestbathContent LibraryIndustry Content

The Hidden Labor Cost of Senior Living Bathrooms

by Jaime Lackey

Labor is the single largest operating expense in senior living, yet much of it remains invisible in budgets and staffing models. This white paper examines how bathroom design quietly drives recurring labor costs through cleaning time, reactive maintenance, staff supervision, incident response, and administrative burden. Because labor is tracked by department rather than environmental cause, these costs rarely aggregate into something leadership can clearly see—until margins are already under pressure. This report shows how small design inefficiencies compound into thousands of additional labor hours per year, equating to full-time staffing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Chateau of Harveston in Temecula, Calif. (pictured)
Company NewsIndependent LivingNews

Ventas to Acquire New Senior Investment Group in $2.3B Deal

by Jaime Lackey

CHICAGO AND NEW YORK CITY — Ventas Inc. (NYSE: VTR) has entered into a definitive merger agreement to acquire New Senior Investment Group (NYSE: SNR), a New York City-based owner of independent living communities across the country. The deal between these two seniors housing real estate investment trusts (REITs) is valued at $2.3 billion, including $1.5 billion of debt. The transaction will bolster the number of independent living communities for Ventas, which as of March 31 owned (fully or partially) 1,200 properties. As of first-quarter 2021, 48 percent of Ventas’ …

Continue Reading
1 FacebookTwitterLinkedinEmail
Affordable HousingContent PartnersFeaturesFinanceIndustry ContentM&T Realty Capital Corporation

FHFA Addresses Seniors Housing Liquidity Concerns

by Jaime Lackey

The Federal Housing Finance Administration’s (FHFA) recent decision to maintain healthy multifamily purchase volumes for Fannie Mae and Freddie Mac calmed market uncertainties over capital availability for the remainder of 2019 and 2020, which had increased loan spreads by 30 to 50 basis points over the summer. The decision also addressed similar uncertainties in the seniors housing industry and, to some degree, growing concerns over affordability. Both were hot topics at the National Investment Center for Seniors Housing and Care’s fall conference in mid-September, and M&T Bank’s healthcare banking and …

Continue Reading
2 FacebookTwitterLinkedinEmail
Content PartnersFinanceIndustry ContentM&T Realty Capital Corporation

Relationship Lending Gains Importance Amid Choppy Market Conditions, Say M&T Bank Executives

by Jaime Lackey

The NIC Fall Conference is known as the place where deals get done. About 80 percent of attendees either receive or deliver capital as a result of the meetings they participate in at the conference, according to the National Investment Center for Seniors Housing & Care (NIC). That finding stems from a survey of attendees conducted annually by the Annapolis, Maryland-based nonprofit organization. The conference also serves as a platform for thought leadership and idea sharing. Some key topics addressed at this year’s conference — which took place Sept. 11-13 …

Continue Reading
1 FacebookTwitterLinkedinEmail
Content PartnersFinanceIndustry ContentM&T Realty Capital CorporationSkilled Nursing

Skilled Nursing Facilities Face Unknowns with Patient-Driven Payment Model

by Jaime Lackey

Next week, the Center for Medicare and Medicaid Services (CMS) is scheduled to roll out a new reimbursement model that could significantly affect the cash flow and financial flexibility of skilled nursing facilities. Under the program, known as the Patient-Driven Payment Model (PDPM), CMS is linking skilled nursing facility (SNF) reimbursements to the value of care given. When it goes into effect on October 1, PDPM will replace the current model that pays SNFs based on the volume of services rendered. One of PDPM’s primary goals is to encourage activities …

Continue Reading
2 FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentIndustry ContentWebinars

Webinar: Seniors Housing Growth Strategies – Ground-Up Development, Acquisition or Repositioning

by Jaime Lackey

Even in an environment in which banks are slower to back construction loans and operating pressures abound, seniors housing developers are adding product to the market at an aggressive clip. The industry, fueled by favorable demographics and ready capital, has added over 20,000 new units over the last three years. Still, the most successful seniors housing companies are taking a more sober approach, picking their spots. For these proven players, developers and owner/operators who develop, there’s no one approach. Some pursue growth through ground-up construction; others through acquisition; still others …

Continue Reading
4 FacebookTwitterLinkedinEmail
Content PartnersFinanceIndustry ContentM&T Realty Capital Corporation

M&T Bank: A Spectrum for Seniors Housing Finance

by Jaime Lackey

Labor shortages, rising interest rates and other challenges confronting seniors housing operators have failed to blunt the bullish outlook for industry growth. While the availability of debt and capital to fund that expansion has improved over the last several years, it continues to be an area of concern. In particular, developers are placing an emphasis on finding experienced and relationship-driven financing partners that can properly assess a borrower’s needs, match them with the best possible solution, and react quickly to regulatory changes or other unforeseen circumstances that may impact pro …

Continue Reading
1 FacebookTwitterLinkedinEmail
M&T Realty Capital CorporationNewsPeople

M&T Bank Names Michael Berman President and CEO of Subsidiary M&T Realty Capital Corp.

by Jaime Lackey

BALTIMORE — M&T Bank (NYSE: MTB) has named Michael Berman president and CEO of M&T Realty Capital Corp., the company’s wholly owned nationwide commercial mortgage banking subsidiary. Berman is responsible for managing the operations of M&T Realty Capital Corp., which is a direct multifamily and seniors housing lender for Fannie Mae, Freddie Mac and HUD. The company also provides life insurance company and CMBS loans for other commercial real estate property types through correspondent relationships, as well as a nationwide bridge lending program for multifamily, seniors housing, and healthcare facilities. …

Continue Reading
2 FacebookTwitterLinkedinEmail
FinanceM&T Realty Capital CorporationNews

M&T Funds $16.1M Freddie Mac Loan for Property in Kansas

by Jaime Lackey

WICHITA, Kan. — M&T Realty Capital Corp. has closed a $16.1 million Freddie Mac loan to refinance a 118-unit seniors housing property in Wichita. The 15-year, fixed-rate loan is structured with a 30-year amortization. Matthew Pipitone of M&T Realty Capital Corp.’s Baltimore office led the transaction in collaboration with Jon Leister of M&T Bank’s Syracuse office.

Continue Reading
1 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts