Author

Jeff Shaw

Industry VoicesOperations

Become a Champion for Both Residents and Workers

by Jeff Shaw

Operators must transform approaches to the workforce shortage and accommodate the next generation of seniors. By Taylor Mokris From profitability to safety, seniors housing continues to be a story of post-pandemic resiliency. But as all industries enter the so-called “new normal,” seniors housing is no stranger to the challenges of this new reality.  The shift toward a gig economy and the looming retirement of the baby boomer generation both present emerging challenges and opportunities for seniors housing providers. Solving the workforce shortage and rethinking what seniors housing communities can look …

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Industry Voices

The SHB Interview: Joel Nelson, President, CEO, LCS

by Jeff Shaw

From trainee to executive director to CEO, Nelson guides one of the industry’s largest companies. By Jeff Shaw While Joel Nelson may be the definition of a “lifer” with LCS —  starting as a trainee with the company in 1986 and working his way up the ladder — he doesn’t believe that everyone needs to follow in his footsteps to reach the executive ranks. Nelson, now CEO of the company, is both the recipient of a well-planned succession and a big believer in the practice. After taking the reins from …

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AcquisitionsIndustry Voices

Broker Q&A: Transactions Surge Back to Life

by Jeff Shaw

A panel of top brokers discusses the state of M&A activity. Roundtable participants Jay M. Wagner, Vice Chairman, Senior Housing Capital Markets, Cushman & Wakefield Brooks Minford, Director, Berkadia Senior Housing & Healthcare Adam Heavenrich, Managing Director, Heavenrich & Company Brooks Blackmon, Senior Director, Blueprint Healthcare Real Estate Advisors Bradley Clousing, Managing Director, Senior Living Investment Brokerage Charles Bissell, Managing Director, JLL Capital Markets John L. Sweeny Jr., Principal, Partner, Co-Head National Senior Housing, CBRE Ari Adlerstein, Senior Managing Director, Meridian Capital Group Cindy Hazzard, President, JCH Senior Housing Investment Brokerage Mark Myers, Managing Director, Investment Sales, Walker & Dunlop   By Jeff Shaw While COVID is still an issue …

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FinanceFrom The Magazine

Lenders Morph to Meet the Market

by Jeff Shaw

As borrower interests change quickly in the post-COVID world, capital sources adapt to their needs. By Jeff Shaw Many factors go into a seniors housing investor or developer’s need for capital. Considerations such as occupancy at existing communities, construction costs for new buildings, interest rates, inflation and capitalization rates all play a critical role in how companies choose to invest in the sector. When those factors push the industry in one direction, causing a trend, lenders and borrowers come together to see if they can make a project work for …

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FinanceIndustry Voices

Question of the Month: Interest Rates

by Jeff Shaw

How has the rise in interest rates in 2022 affected lender and borrower strategies in the seniors housing space? Costs flow downhill By Don Pelgrim CEO Wilshire Finance Partners The rise of interest rates has affected lenders and borrowers, specifically with an increase in both borrowing costs and capitalization rates.  Seniors housing is not immune to the rising costs of goods and services, which may continue to increase until the Fed’s actions take hold and demand is mitigated by higher costs and expenses. Some facilities and communities may need to …

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DevelopmentMarylandNews

Experience Senior Living Plans 26-Story Community Within Strathmore Square Mixed-Use Development in Bethesda, Maryland

by Jeff Shaw

BETHESDA, Md. — Experience Senior Living, a seniors housing developer, has unveiled plans for The Reserve at Strathmore Square. The project will be part of Strathmore Square, a planned arts-centric mixed-use community located in north Bethesda above the Grosvenor-Strathmore Red Line Metro station and adjacent to the Strathmore Music Center. The seniors housing community will rise 26 stories and span 300,000 square feet, featuring 240 units of independent living, assisted living and memory care. Experience plans to break ground on the project in the fourth quarter of 2023. Amenities at …

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CaliforniaDevelopmentIndependent LivingNews

Revel Opens Independent Living Community in Folsom, California

by Jeff Shaw

FOLSOM, Calif. — Revel Communities, a division of The Wolff Company representing a portfolio of independent living communities, has opened its newest community, Revel Folsom. Revel Folsom is the latest expansion for Revel across the Western U.S. and will join Revel Palm Desert and Revel Lodi as the brand’s third independent living community in California in two years. Located 35 miles outside of Sacramento, Revel Folsom will feature views of the foothills of the Sierra Nevada Mountains. The size and number of units were not disclosed. Alicia Rist is the …

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AcquisitionsCompany NewsNewsTechnology

Executive Home Care Acquires Assisted Living Locators

by Jeff Shaw

HACKENSACK, N. J., and SCOTTSDALE, Ariz. — Executive Home Care, a Hackensack-based in-home care provider with a wide range of service options and care programs, has acquired the Assisted Living Locators brand and franchise system. Assisted Living Locators is a Scottsdale-based franchise dedicated to helping seniors find the right living and care solutions. Backed by The Riverside Company, a private equity firm, Executive Home Care’s acquisition of Assisted Living Locators expands the company’s footprint in the senior care space. “The addition of Assisted Living Locators fits seamlessly with our business …

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Assisted LivingNewsOperationsVirginia

Watercrest Hires Marsha Sottung as Executive Director of Community in Moseley, Virginia

by Jeff Shaw

MOSELEY, Va. — Watercrest Senior Living Group has hired Marsha Sottung as executive director of Watercrest Richmond Assisted Living and Memory Care in Moseley. Watercrest Richmond is currently under construction and preparing to welcome residents this fall to the 98-unit luxury senior living community. Sottung was the youngest assisted living administrator in the state of New York at the age of 21. For the past 30 years, she has served in various roles as a certified nursing aide, operations director and regional manager.

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Active AdultFeaturesNews

NIC Formally Defines Active Adult, Starts Data Initiatives

by Jeff Shaw

ANNAPOLIS, Md. ­— The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data, has unveiled its first industry-wide definition of the active adult sub-segment with the intent of better guidance for investors. Active adult residents are typically younger and healthier than people in today’s senior housing communities. Active adult properties do not require healthcare licensure, involve fewer resources to operate, and experience less frequent turnover, making them attractive investments, while satisfying older baby boomers’ emerging housing needs. NIC experts say active adult …

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