Author

Jeff Shaw

By Julie Ferguson, executive vice president, senior living, Ryan Cos. In less than a year, the oldest baby boomers will begin turning 80. By 2030, the youngest will be 65 or older.  Not only are baby boomers the largest generation, but they are projected to cause seniors to outnumber children under the age of 18 for the first time in U.S. history by 2034, according to the U.S. Census Bureau.  As time drives forward, the need for seniors housing rises. The National Investment Center for Seniors Housing & Care (NIC) …

0 FacebookTwitterLinkedinEmail

ATLANTA — On behalf of its investors, Hunt Capital Partners (HCP) has transferred ownership of Ashford Parkside Senior Residences to a nonprofit affiliate of the Housing Authority of DeKalb County.  Located in Atlanta, Ashford Parkside is a mid-rise, mixed-income seniors housing community built in 2007. Following the end of 15-year recapture period in 2022, a collaborative effort ensued between the nonprofit and HCP to reach a mutually beneficial outcome regarding the property’s future. The decision provides the Housing Authority of Dekalb County greater capital flexibility surrounding all aspects of property …

0 FacebookTwitterLinkedinEmail

CHICAGO — Ziegler has arranged the sale of a 100-plus-bed skilled nursing facility in a northern neighborhood of Chicago. Ziegler advised the seller, an Illinois-based nonprofit. A local operator acquired the asset for an undisclosed price. Nick Glaisner, managing director in Ziegler’s seniors housing and care practice, led the transaction with the support of Melanie Shaffer.

0 FacebookTwitterLinkedinEmail

NEW YORK CITY — Dwight & Co. has expanded its seniors housing and healthcare financing solutions by successfully launching working capital revolving lines of credit, investing in new technology and broadening the depth of its healthcare team.  The new team members include Paige Ela as managing director of healthcare finance and Itay Silverberg as director of analytics. Ela has over 20 years of experience working in healthcare at both public and privately held institutions, including SEC and FDIC-regulated firms. She joined Dwight following five years at Forbright Bank, serving as …

0 FacebookTwitterLinkedinEmail

HARRISBURG, Pa. — Marquis Health Consulting Services has started a multi-million-dollar renovation at The Terraces at Capitol Village and Capitol Rehabilitation & Healthcare Center, a senior living and skilled nursing campus. The properties are located in Harrisburg, the state capital on the Susquehanna River in Central Pennsylvania. Work is set to begin this month at The Terraces at Capitol Village, a 64-unit personal care community. The undertaking will include a complete refresh of the lobby and hallways as well as the main dining room, activity room, theater and private dining …

0 FacebookTwitterLinkedinEmail

ST. LOUIS — Dover Cos., a St. Louis-based seniors housing developer, builder and operator, has launched Dover Health. The new company seeks to bridge the gap between traditional medical services and the evolving needs of aging populations. Dover Health’s service offerings include home health, hospice, private duty services, long-term care pharmacy, primary care and palliative care. These offerings are designed to address the unique needs of seniors across independent living, assisted living and memory care environments. Dover aims to maximize Medicare and Medicare Advantage benefits and foster a culture of …

0 FacebookTwitterLinkedinEmail

PLANO, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 65-unit assisted living and memory care community in Plano, north of Dallas. The community was originally built in the 1990s. A national developer/investor engaged Blueprint to create an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. The communities were purchased in a sizable portfolio transaction pre-COVID under a value-add plan to implement operator transitions to create regional groupings coupled with renovations and repositioning. Unfortunately, the cumulative impact of …

0 FacebookTwitterLinkedinEmail

SAN ANTONIO — B&A Architects, a San Antonio-based design firm, has promoted Miguel Saldana, Steven Jackson and Steve Mahlmann to the position of principal. within B&A Architects.  Rick Brendler, founder of B&A Architects, will remain president of the 40-year-old, San Antonio-based firm. “Each of these individuals have been integral to our success and collectively have more than four decades of experience as managers within B&A Architects, serving clients across Texas and the nation,” says Brendler. Brendler will continue to provide strategic oversight and guide the firm’s direction, long-range plans, strategy …

0 FacebookTwitterLinkedinEmail

DALLAS — The success or failure of an active adult community hinges on whether the operator can deliver on its valuation proposition, and tenants are willing to pay a premium if their lifestyle expectations are met. That’s one of the key takeaways from an active adult panel discussion that took place March 6 during the 2024 NIC Spring Conference at the Omni Dallas Hotel. Prospective tenants in this real estate niche are experienced, sophisticated consumers who know when they are being sold a bill of goods. They know if leasing …

0 FacebookTwitterLinkedinEmail

Interest rates have more than doubled and capital market activity is down all while operations seem to be improving. By Alex Loo, director of originations, Hudson Realty Capital It’s now been four years since the COVID-19 pandemic first swept the globe.  The seniors housing and healthcare industry has since experienced many substantial transformations after having endured the government-imposed move-in bans, difficulties in hiring permanent staff, and the reluctance of older adults to transition to assisted living facilities. Recent data from NIC MAP Vision shows that in October, the occupancy rate for primary markets …

0 FacebookTwitterLinkedinEmail
Newer Posts