Author

Jeff Shaw

AcquisitionsActive AdultNewsOklahoma

Green Courte Partners Acquires Three Active Adult Communities Near Oklahoma City

by Jeff Shaw

EDMOND, MUSTANG and MOORE, Okla. — Green Courte Partners (GCP), a private equity firm based in Chicago, has acquired three active adult cottage communities in the Oklahoma City metro. The properties include Chateaux at Mon Abri in Edmond, Laurel Springs in Mustang and Grace Pointe Living in Moore. The portfolio contains 315 cottages and a 35-unit apartment building. The acquisition increases GCP’s national age-restricted housing portfolio to 17 communities containing approximately 2,600 units. The firm’s wholly owned operating platform, True Connection Communities, operates all 17 assets. “We are increasingly attracted …

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FinanceNewsTexas

CBRE Arranges $54.4M Refinancing for The Village at Woodlands Waterway in Texas

by Jeff Shaw

THE WOODLANDS, Texas — CBRE National Senior Housing has arranged a $54.4 million refinancing of The Village at Woodlands Waterway in The Woodlands, a suburb of Houston. The borrowers are the Saudi Economic and Development Co. (SEDCO) and Madison Marquette. Situated on a 2.7-acre site, the community was built in 2011 and consists of 116 independent living units, 63 assisted living units and 28 memory care units for a total of 207 units. The property is in the heart of The Woodlands Town Center along The Waterway, which connects to …

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DevelopmentFrom The MagazineMemory Care

Memory Care: Back to the Future

by Jeff Shaw

Operators experiment with new programming and design ideas while redoubling their commitment to traditional person-centered care. By Jane Adler Despite suffering big pandemic-related occupancy losses, the memory care segment is focused on the future as it rebuilds its census. Operators are adopting new technologies and open building designs to advance established person-centered care protocols.  The Montessori teaching method, popular for children, is being applied to programs for seniors with memory loss. Virtual reality, circadian lighting and multi-sensory rooms are being used to ease anxiety and boost engagement among residents. Locked …

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From The MagazineTechnology

Dispelling the Technophobia Myth

by Jeff Shaw

Today’s seniors and their families demand video streaming and ubiquitous Wi-Fi, and operators need the infrastructure to handle it. By Eric Taub As a new generation of Americans age and begin to move into assisted living, the old tale that the elderly neither understand nor care about technology is falling by the wayside. Today’s assisted living residents are increasingly adept at technology, and they’re bringing their devices with them when they move into their new digs. Tablets, cell phones, laptops and smart TVs, once relegated to younger generations, are being …

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From The MagazineOperations

Operators Reboot Their Message

by Jeff Shaw

Safety, luxury and socialization all take on new meanings as marketing and sales teams change their approaches from pre-pandemic times. By Jeff Shaw March 2020 represented an abrupt and dramatic shift in how seniors housing units were sold to prospective residents. As the first wave of the COVID-19 pandemic led to lockdowns across the country, suddenly operators had to shift from selling luxury and lifestyle to safety from a virus that was more likely to kill seniors than any other demographic.  That is, if a community’s local governments allowed move-ins …

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Company NewsDevelopmentFrom The Magazine

Company Profile: Elevate Senior Living

by Jeff Shaw

Building ‘a Better Mousetrap’ By Jeff Shaw Elevate Senior Living is a company with one goal in mind: make seniors housing affordable for middle-class people.  The introductory press release for the company — which also revealed the groundbreaking of its first project in Clearwater, Florida — said the target market is “the retired police officer, fireman, schoolteacher and everyday American.” Elevate plans to build 11 middle-market seniors housing communities over the next five years. Of course, the industry has grappled with this issue for years. In 2017, the National Investment …

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Industry Voices

The Key to Survival is Cooperation

by Jeff Shaw

With increased costs at all levels, the seniors housing industry must work as a whole to maintain affordability for residents. By David Tague The COVID pandemic has changed life for all of us in some very unique and impactful ways. For the senior living market, the pandemic has materially impacted construction from both a price and design standpoint. This forces designers, developers, owners, operators and contractors to work in lock-step to continually innovate and find new solutions to bring quality and affordable product online for seniors across the United States. …

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Industry Voices

Emerging Trends That Will Shape the Industry

by Jeff Shaw

Seniors housing is always evolving, but which changes are here to stay? By Ashley Wilkens As the world grapples with the ongoing COVID-19 pandemic, and the United States continues to outnumber every other country around the globe in COVID-related deaths, seniors housing owners and operators are working diligently to get ahead of the disruptions and challenges that have plagued the industry over the past two years. While no one has a crystal ball for what 2022 will hold for the seniors housing industry or the ongoing pandemic, there are some …

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Industry VoicesLegal Issues

The SHB Interview: Mark Parkinson, President and CEO, AHCA/NCAL

by Jeff Shaw

Former Kansas governor transitioned 11 years ago from politician to leading one of the largest healthcare associations in the industry, and he’s never looked back. By Jeff Shaw Mark Parkinson’s wide-ranging career in both the private and public sectors, including a stint as an owner and operator of long-term care facilities in Kansas and Missouri, makes him uniquely qualified for his current role. After earning a law degree and starting his own firm, Parkinson entered politics in his home state of Kansas, serving in the State House from 1991 to …

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FinanceFrom The Magazine

Fannie, Freddie Shake Off Effects of Pandemic

by Jeff Shaw

After a major drop in seniors housing loan production in 2020 resulting from COVID-19, the agencies nearly hold the line in 2021. By Jeff Shaw After a significant decline in deal volume in 2020, both Freddie Mac and Fannie Mae saw only modest slips in their seniors housing production in 2021, a sign that the industry has stabilized. Freddie Mac’s annual lending volume in the seniors housing sector fell 45 percent year over year in 2020, dropping from $3.8 billion in 2019 to $2.1 billion in 2020, but fell just …

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