Author

Jeff Shaw

Industry VoicesOperations

Senior Care Needs a Business Model Overhaul

by Jeff Shaw

The need for change goes far beyond wages and staffing ratios. By Nate Hamme, Ceca Foundation In his State of the Union address on March 1, President Joe Biden announced new reforms intended to improve resident safety in nursing homes. Skilled nursing facilities (SNFs) would see changes to reimbursements from the Centers for Medicare & Medicaid Services (CMS) under the value-based purchasing model, requiring minimum staffing ratios and additional oversight of providers. The move comes as the industry faces unprecedented challenges in retaining and supporting workers. The pandemic has undoubtedly …

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Industry Voices

How Senior Living Facilities Can Be More Inclusive

by Jeff Shaw

Developing LGBTQ-affirming housing, implementing protections and advocating at the federal level can help serve this growing demographic. By Michael Adams, SAGE Due to lifetimes of discrimination, LGBTQ+ elders face unique challenges that have only begun to be addressed by communities across the country. They’re confronted with significant negative disparities across areas related to physical and mental health, and are more likely to face poverty, be homeless, and grow old alone and isolated.  As LGBTQ+ elders continue to face disproportionate rates of mistreatment, one of the most significant concerns for this …

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FeaturesIndustry Voices

The SHB Interview: Dr. Bill Thomas, Innovation Officer, Lifespark

by Jeff Shaw

Thought leader tries to move care of our seniors forward through various foundations and workplaces. By Jeff Shaw If you’re not familiar with Dr. Bill Thomas, you simply must not be paying attention. Whether it’s his TED Talks, movies, charitable foundations or his work with companies such as AARP (formerly known as the American Association of Retired Persons) and Holiday Retirement, Thomas has made quite a name for himself in the seniors housing industry. Thomas currently serves as innovation officer at Lifespark, a Minneapolis-based “whole person senior services company.” He …

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FinanceFrom The MagazineInvestment

Private Equity Watches and Waits

by Jeff Shaw

Although these funds collectively have raised billions of dollars, they are in no hurry to spend the capital amid dicey market conditions.  By Bendix Anderson Talk about patient capital. Many private equity funds, flush with hundreds of millions of dollars, are willing to wait and wait for the right deal at the right price before acquiring a seniors housing property or portfolio. At the same time, private equity investors are spending more than ever before to buy or build conventional apartments. They’re even snapping up alternative niche properties — from …

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FinanceIndustry Voices

Lender Q&A: All About the Operator

by Jeff Shaw

As lenders look for safe, secure deals in a turbulent environment, strong partnerships are a larger consideration than geography, age or care type. By Jeff Shaw In times of trouble, we look to the people we trust. That’s certainly the approach of many lenders in the seniors housing space. As the recovery from COVID-19 continues, and occupancy rates remain well below pre-pandemic levels, financing has become dangerous terrain. So when looking for who should get favorable rates and terms, lenders are looking to the operators and markets they know can …

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Company NewsFrom The Magazine

Company Profile: On a Mission to Transform Aging

by Jeff Shaw

United Church Homes grows to be one of the largest nonprofit providers while keeping true to its century-old roots in compassionate care. By Jeff Shaw At 106 years of age, United Church Homes (UCH) is still trying to operate by its founding mission. The nonprofit organization began as a faith-based ministry responding to the needs of aging members of local congregations in the Toledo area. From a historical perspective, it was a tumultuous time in 1916. Anti-German sentiment during World War I led to discrimination against some of the congregations …

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Industry Voices

Question of the Month: Consumer Preferences

by Jeff Shaw

Compare and contrast consumer preferences today versus 10 years ago. What’s changed? Opportunities for innovation By Mitch Brown Principal Senior Housing Consulting For well over a decade, our industry has wrestled with the relevance of independent living within the seniors housing continuum. Leading-edge baby boomers who are just now entering the market are clearly looking for something different than traditional congregate living. They want choice, value, engagement and the ability to live a healthy, connected and relevant “Third Age.”  They are also concerned about the longevity of their financial resources …

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FeaturesFinanceFrom The Magazine

Lenders Reflect on COVID’s Impact, Address Interest Rates During InterFace Seniors Housing West

by Jeff Shaw

By Matt Valley Six lending professionals recently gathered on stage at the Omni Los Angeles to participate in a panel discussion that was both a two-year retrospective on COVID-19 and a deep dive into some of today’s hot-button issues affecting borrowers.  “It’s been an interesting two years on the debt side, as it has been in other capacities. To me, one of the more interesting parts has been the contraction and subsequent expansion of capital flows in seniors housing debt and how that impacted large banks and small banks,” said …

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CaliforniaDevelopmentFinanceMemory CareNews

JLL Arranges Construction Financing for 54-Unit Mountain View Memory Care in California

by Jeff Shaw

MOUNTAIN VIEW, Calif. — JLL Capital Markets has arranged an undisclosed amount of construction financing for the redevelopment of Italian restaurant Frankie, Johnnie & Luigi Too! into Mountain View Memory Care, a Class A, 54-unit, 60-bed, private-pay memory care community in the Bay Area city of Mountain View. JLL worked on behalf of the borrower, the D’Ambrosio Family, and its operating partner, Calson Management, to secure the construction financing through a local bank. The community will also continue be home to the D’Ambrosio Family’s restaurant, Frankie, Johnnie & Luigi Too! …

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AcquisitionsFloridaNews

Chicago Pacific Founders Acquires 113-Unit The Summit of Winter Garden in Florida

by Jeff Shaw

WINTER GARDEN, Fla. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Summit of Winter Garden, a 113-unit senior living community in Winter Garden, a suburb of Orlando. The name change reflects the change in ownership. Grace Management Inc. will take over operations at the community. Additional terms of the deal were not disclosed. The new owner plans to make investments in the campus.

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