Author

Jeff Shaw

Assisted LivingDevelopmentNew YorkNews

Sunrise, Welltower, Hines Open 151-Unit Community in Manhattan

by Jeff Shaw

NEW YORK CITY — Sunrise Senior Living has opened Sunrise at East 56th, a 151-unit high-rise in the Upper East Side neighborhood of Manhattan. Partners on the project included Hines and Welltower (NYSE: WELL). The asset features assisted living and memory care services. Sunrise is collaborating with Northwell Health for services at the building. The community is the first and only building in the sector to receive LEED Silver, WELL Certification at the Silver level and WELL Health-Safety Rating Seal certifications, according to Sunrise. SLCE Architects designed the building. Champalimaud …

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Affordable HousingFinanceNew YorkNews

Berkadia Provides $22.6M HUD-Insured Loan for Refinancing of Section 8 Housing Property in Brooklyn

by Jeff Shaw

NEW YORK CITY — Berkadia has provided a $22.6 million HUD loan for the permanent refinancing of Scheuer House of Manhattan Beach, a 149-unit Section 8 seniors housing property in Brooklyn. The property consists of one eight-story building and two five-story buildings that were respectively constructed in 1964 and 1932. Laura Smith of Berkadia originated the loan through HUD’s 223(f) program. The borrower, New York-based nonprofit JASA, will use a portion of the proceeds to fund capital improvements and preserve affordability.

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Assisted LivingDevelopmentNewsTexas

MorningStar Senior Living Opens 112-Unit Community in Houston

by Jeff Shaw

HOUSTON — MorningStar Senior Living and Hines have opened MorningStar at River Oaks, a seniors housing community in Houston’s River Oaks neighborhood. The community features 85 assisted living and 27 memory care units. The community is Denver-based MorningStar’s first in Texas. Partners on the project include Munoz + Albin Planning & Architecture, Kirksey Architecture, Thoma-Holec Design, TBG Partners and D. E. Harvey Builders.

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AcquisitionsNewsWashington

Ziegler Arranges Sale of 42-Unit South Pointe Assisted Living in Everett, Washington

by Jeff Shaw

EVERETT, Wash. — Ziegler has arranged sale of South Pointe Assisted Living, a 42-unit independent living and assisted living community in Everett, a northern suburb of Seattle. The seller was Radiant Senior Living, which acquired the community in 2020 as part of a larger portfolio transaction including one other community in the greater Seattle area and another community in Bozeman, Montana. Prior to acquiring the community from the previous lessor, Radiant leased and operated the community for 10 years. The buyer and price were not disclosed.

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NewsPeople

Senior Resource Group Hires Chris Gladheim as Vice President of Human Resources

by Jeff Shaw

SOLANA BEACH, Calif. — Senior Resource Group LLC (SRG), a Solana Beach-based company that develops, owns and operates luxury senior living communities across seven states, has hired Chris Gladheim as vice president of human resources. Gladheim will be responsible for managing talent acquisition and management, leadership development, total rewards and recognition, and advising senior management regarding current and future workforce strategies. Gladheim has 25 years of experience in human resources, focusing on recruitment, employee relations, performance management and organizational effectiveness. He is a veteran of the U.S. Marine Corps and …

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DevelopmentFrom The Magazine

A New Blueprint

by Jeff Shaw

Architects adjust their designs for incoming baby boomers, better infection control. By Jeff Shaw Most often, when it comes to planning for the future of the seniors housing industry, it’s considered from the angle of operations — the adjustments that must be made in programming, amenities and sales strategies for the next generation of residents. But programming and amenities don’t occur in a vacuum. The location, design and overall physical plant of a seniors housing community all affect what activities can take place that would appeal to a modern senior.  …

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From The MagazineOperations

Nonprofits Unite

by Jeff Shaw

The pandemic has proven that scale matters as the big not-for-profit providers get bigger and follow through on expansion plans. By Jane Adler Like their for-profit counterparts, nonprofit senior living providers face many of the same pandemic-related market dynamics. Consolidation is accelerating amid losses at troubled properties. The labor shortage is a big challenge. Communities are slowly starting to recover as occupancies inch upward. And inexpensive capital is still available, at least for the big providers whose expansion plans are moving forward.  “We’re growing,” says Terri Cunliffe, president and CEO …

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Industry VoicesTechnology

A ‘Digital Ceiling’ Can Mirror Smart Home Experience

by Jeff Shaw

As IoT technology becomes a bigger part of seniors’ lifestyles, property owners look for strategies to match expectations. By Dwight Stewart and Cliff White There’s no question technology will change most everything the industry knows about building and operating senior living spaces. The question is: How fast will it happen?  Technology evolution is exponential, and the rapid advancement of lifestyle Internet of Things (IoT) is a great example of how quickly people are willing to incorporate new devices and systems into their lives.  Sixty-five percent of Americans now own at …

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Industry Voices

Missing the Mark on Feasibility Studies

by Jeff Shaw

Factors such as age, acceptance and health should not be overlooked. By Irving Stackpole Successful congregate seniors housing development is built at the intersections of age, acceptance and health of the consumers. A thoughtful understanding of these three factors is at the heart of market analysis and feasibility studies.  While a good feasibility study does not ensure good occupancy, a poor one may lead to years of very expensive, negative consequences. Occupancy in seniors housing is driven by the demographics of age. The size of the age cohorts is critical, …

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Industry Voices

Company Profile: Blazing a New Trail

by Jeff Shaw

Watermark rises from an auspicious history to become a Top 10 operator. By Jeff Shaw When David Freshwater founded The Fountains in 1985, the widespread reinvention of assisted living was still several years away. His developments in these early days helped to set the template of what we now know as private-pay seniors housing, starting with The Fountains at La Cholla in Tucson, Arizona, in 1987. David Barnes joined Freshwater at The Fountains in 1989, developing the systems, policies and training systems that would allow the company to grow. And …

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