NEW BRAUNFELS, Texas — Berkadia has arranged the sale of The Blake at New Braunfels, a resort-style, 112-unit assisted living and memory care community in New Braunfels, a suburb of San Antonio. Berkadia Seniors Housing & Healthcare, led by Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders, closed the transaction on behalf of Biloxi, Mississippi-based LifeCare Properties, a wholly owned subsidiary of Comvest Properties. Scottsdale, Arizona-based Inspired Healthcare Capital was the buyer. The price was not disclosed. The Blake at New Braunfels is a new vintage, Class A community …
KNOXVILLE and MARYVILLE, Tenn. — Covenant Living Communities and Services and Presbyterian Homes of Tennessee, have closed on an affiliation with two communities in the metropolitan area of Knoxville. Shannondale of Knoxville, located in Knoxville, sits on 50 acres and offers independent living and assisted living comprising of 228 apartments, homes and duplexes. Shannondale of Maryville, 24 miles south of Knoxville, sits on 34 acres and offers independent living, assisted living and skilled nursing with 237 apartments, homes and duplexes. Under the agreement, the two communities are now affiliate members and …
By Steven Leone, principal, Spiezle Architectural Group Inc. Staff retention has become a critical issue in today’s evolving work environment. Post-pandemic changes necessitate new strategies to attract and retain employees more effectively. The National Investment Center for Seniors Housing & Care (NIC) published data in May 2022 that showed the annual turnover across primary markets the organization tracks was about 85 percent. This article explores various methods that we currently use to attract and retain staff. What strategies have worked? What are the financial impacts? Does operational realignment and staff empowerment equal greater engagement? Today’s workforce …
BALLWIN, Mo. — IMPACT Strategies Inc. has completed The Rehabilitation Institute of St. Louis – West County in Ballwin, a suburb west of St. Louis. Encompass Health Corporation and BJC HealthCare held a ribbon cutting at the property in May 2024. This inpatient rehabilitation hospital is an expansion of the current joint venture between Encompass and BJC, which already includes three hospitals known as The Rehabilitation Institute of St. Louis, The Rehabilitation Institute of Southern Illinois and The Rehabilitation Institute of St. Louis located in St. Peters. The recently completed …
ANNAPOLIS, Md. — Older adults who moved into seniors housing experienced the same or better health outcomes compared to those who live in the greater community, according to research conducted by NORC at the University of Chicago. This is a core conclusion of a body of research showing how seniors housing communities can improve access to safe and high-quality care for older adults. The research found that people who move into seniors housing experience decreased vulnerability, receive more healthcare services at home, and have slightly increased longevity compared to older …
AUSTIN, Texas — Seniors Housing Business has earned three awards from the National Association of Real Estate Editors (NAREE) for the magazine’s work in 2023. The awards were given out Thursday, June 20 during an event at the Hyatt Regency Hotel in Austin. It was the 74th annual event for the organization, which “recognizes excellence in reporting, writing, and editing stories about residential and commercial real estate.” A panel of expert judges from the Medill School of Journalism at Northwestern University selected all winners. Medill’s Karen Springen chaired the panel. Of the three …
DES MOINES, Iowa — LCS, a Des Moines-based senior living provider, has hired Jim Pusateri as its new chief sales officer (CSO). Pusateri brings over 30 years of senior living sales and operations leadership. He led Brookdale’s ascension to a 91.5 percent occupancy rate and launched the company’s pioneering School of Sales, fortifying sales acumen for the company. He has also implemented comprehensive sales training systems across multiple companies, integrating coaching and leadership development and improving overall performance. Pusateri has invested in the senior living industry as an executive board …
While ground-up construction has slowed dramatically due to a confluence of factors, contrarians are timing the delivery of new product to serve an aging population. By Jane Adler Post-pandemic, senior living owners and operators are rightfully focused on regaining occupancy and stabilizing their assets. Expansion opportunities have mostly been limited to acquisitions of troubled properties purchased at a discount. Inflation, relatively high interest rates, a tight labor market and even tighter capital markets have largely sidelined ground-up development. But contrarian players believe now is the right time to build. …
Despite years of build-up, the new skilled nursing payment model has flown under the radar since its implementation. Operators assess the impact. By Jeff Shaw In the years leading up to the implementation of the Patient-Driven Payment Model (PDPM), there was plenty of discussion and handwringing over the impact it would have on the skilled nursing industry. Officially launched on Oct. 1, 2019, by the Centers for Medicare & Medicaid Services (CMS), the model was supposed to be a sea change for healthcare billing and services. The impetus, at the …
By Dr. Sara Zeff Geber As the baby boomers dip a cautious toe into the waters of senior living, they are looking for a very different experience than their parents. Developers already know this and have made some changes in building designs and space allocation to meet these changing needs. Operators are making changes in furnishings, amenities, dining options and recreation menus. Those are all good and necessary updates, and will connect with boomers’ desires for independence, autonomy and control in addition to attractive surroundings. Solo agers: A growing class …