Author

Jeff Shaw

AcquisitionsCompany NewsNewsPennsylvania

Three Pennsylvania Nonprofit Owners to Affiliate to Form Ilumin

by Jeff Shaw

NEW HOLLAND, Pa. — Three of Pennsylvania’s leading nonprofit, faith-based senior living organizations — Allegheny Lutheran Social Ministries of Altoona (ALSM), Liberty Lutheran Services of Ambler and Garden Spot Communities of New Holland — have announced plans to affiliate under the new parent company name Ilumin. The affiliation is subject to the receipt of certain regulatory approvals and consents, which the three organizations hope to receive by spring of 2022. The goal of Ilumin is to introduce innovative new services and programs to residents, offer employees more career opportunities, and …

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DevelopmentIndependent LivingNewsSouth Carolina

Resort Lifestyle Communities Opens 128-Unit Lakeview Independent Living Community in Columbia, South Carolina

by Jeff Shaw

COLUMBIA, S.C. — Resort Lifestyle Communities has opened Lakeview, a 128-unit independent living community in Columbia. “Our research indicated that there was a significant need for additional senior living communities in the Columbia area,” says Steve Mueller, COO of Resort Lifestyle Communities. Lakeview offers one-, two- and three-bedroom options.

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Assisted LivingDevelopmentFloridaNews

Protea Capital Partners Opens Showroom at Sunscape Community in Boca Raton, Florida

by Jeff Shaw

BOCA RATON, Fla. — Protea Capital Partners has opened a showroom at Sunscape, a 100-unit assisted living and memory care community under cpnstruction in West Boca Raton. Protea Capital Partners is the developer, and Solvere Living will operate the community upon opening. Hedrick Brothers Construction is handling construction of the two-story luxury community. Irwin Partners Architectures designed the building, while Klang & Association Coral Springs is the interior designer. “Our research indicates there’s a growing need by families living in the West Boca area to have their loved ones nearby,” …

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GeorgiaNewsPeople

Isakson Living Names Sonya Marsh as Director of Human Resources

by Jeff Shaw

ATLANTA — Isakson Living has named Sonya Marsh director of human resources for the Atlanta-based developer and operator. Reporting to Isakson Living founder and managing partner Andy Isakson, Marsh will be charged with attracting, retaining and developing a best-in-class team at all Isakson Living communities. “Although we build residential communities, it is the service and care that is provided by our teams at Park Springs and Peachtree Hills Place that is our hallmark, so a strong human resources program is critical to our mission,” says Isakson. Marsh has a record …

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AcquisitionsFeaturesFrom The MagazineInvestment

Buyer/Seller Landscape Shifts

by Jeff Shaw

Some investor types have doubled down while others have fled seniors housing as the COVID-19 pandemic enters its third year. By Jeff Shaw COVID-19 has changed many investors’ approaches to the seniors housing sector.  The pandemic caused a major shift in who’s buying and who’s selling. Some of the biggest buyers in 2019 were the biggest sellers in 2021. For example, institutional investors went from buying more than $2 billion in 2019 to selling more than $3 billion through the first three quarters of 2021. That’s according to Real Capital …

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FeaturesFrom The MagazineInvestmentLegal Issues

Owners, Operators Get in Sync

by Jeff Shaw

A variety of partnerships and lease structures present many options for landlords and tenants to both benefit. By Jeff Shaw In the retail real estate world, triple-net leases are king. Under this standard agreement, the tenant is responsible for all expenses — taxes, insurance, maintenance, utilities and rent to the owner.  But seniors housing is a very different type of real estate. In retail, if a tenant fails, the owner simply finds a new one. For senior living, there’s a human element at play both for the employees and the …

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FeaturesIndustry VoicesPeopleTechnology

How to Manage the Great Resignation

by Jeff Shaw

Operators must streamline, improve hiring and retention processes.  By Britt Riese, Oasis It’s no secret that the demand for talent in healthcare is exceptionally high right now and the projected need for workers continues to rise. This historical trend has been amplified by the COVID-19 pandemic. Now that we are almost two years into the pandemic, we are not only trying to keep up with the growing demand of healthcare jobs, we are also competing with increased wages in other industries, safety concerns in healthcare, more flexible work environments and …

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FeaturesIndustry VoicesOperations

The SHB Interview: Chris Guay, Founder & CEO, Vitality Living

by Jeff Shaw

Former Emeritus, Brookdale executive grows his own seniors housing owner-operator business in the Southeast. By Jeff Shaw After more than 15 years of working in various management and executive roles at seniors housing pioneer Emeritus Senior Living — and 18 months at Brookdale following the merger of the two behemoth companies — Chris Guay decided it was time for a change. He founded Vitality Senior Living in 2016 in the Nashville suburb of Brentwood, Tennessee. The company launched with two acquisitions in Texas, both offering assisted living and memory care. …

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FeaturesFinanceFrom The Magazine

Lenders’ Patience Wears Thin as Pandemic Drags On

by Jeff Shaw

By Matt Valley Time is running short for operators of underperforming properties trying to shake off the negative impact of COVID-19 on occupancy and revenue, said Chuck Hastings, vice president of finance and business development for Juniper Communities. “In 2022, lenders are going to want to see us all getting back to pre-pandemic levels [of performance]. So, as operators the pressure is on.” Bloomfield, New Jersey-based Juniper operates 28 senior living communities in four states: New Jersey, Pennsylvania, Texas and Colorado. Hastings, who knows firsthand that lenders are growing increasingly …

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FeaturesIndustry Voices

Question of the Month: 2022 Predictions and Resolutions

by Jeff Shaw

What are your predictions and New Year’s resolutions, personally and professionally, for 2022? The rebound is inbound By Robert Chapin CEO, Co-Chief Investment Officer, Seniors Housing & Medical Properties Bridge Investment Group The for-rent, private-pay seniors housing industry has come through the most challenging period in its history. I predict, as we emerge from the bottom, our product and service offerings in 2022 and beyond are more relevant and valuable than ever before. We will see the market embrace our product through a more positive lens for the best care, …

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