Author

Jeff Shaw

From The MagazineOperationsPeople

Labor Pains

by Jeff Shaw

Senior living communities grapple with a severe worker shortage, responding with innovative approaches and programs. By Jane Adler “Help Wanted!” “Now Hiring!” The urgent signs posted everywhere from grocery stores to job boards reveal the depth of the labor shortage gripping the country. Workers are scarce. But senior living and care is being especially hard hit.  Long known for having a high turnover rate, the sector faces a number of new challenges. Workers in a healthcare-type setting are afraid of contracting COVID-19. The Delta variant of the virus has only …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFrom The MagazinePeople

Worker, Supply Shortages Hit Builders

by Jeff Shaw

General contractors continue to innovate and complete projects despite COVID-caused headwinds. By Jeff Shaw We’re all familiar with the headlines by now: construction materials prices are at record highs, and nearly every industry has a shortage of workers, dealing a one-two punch to supply chains. General contractors may be on the front line of both problems as they deal directly with the rising materials costs while trying to build seniors housing communities with skeleton crews. According to Des Moines, Iowa-based general contractor Weitz, lumber prices have at least come back …

Continue Reading
0 FacebookTwitterLinkedinEmail
From The MagazineTechnology

Senior Technology With Staying Power

by Jeff Shaw

Emerging out of the pandemic are some unique tech tools that have become part of everyday life at many senior living communities. By Eric Taub It’s often said that seniors and technology don’t mix. Whether it’s remembering how to use a television remote, send a text message on a smart phone or stream a Netflix video, the conventional wisdom has long been that the elderly frequently find those types of tasks to be a challenge. Seniors often forget the skills they learn, and which younger people master and take for …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIndustry Voices

Mall Redevelopments May Be One Key to the Future

by Jeff Shaw

Projects offer amenities, valuable locations and vibrant lifestyles. By Leslie Moldow One key lesson we learned from the pandemic is that just about anything we can dream is now possible if we set our minds to it, and re-examining housing, service options, and opportunities for seniors is no exception. A few years ago, Perkins Eastman undertook “The Clean Slate Project,” where we projected into the future and wiped the slate clean of traditional forms of senior living. By identifying disruptors, new competitors, and market changes, we spotlighted opportunities for new …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesLegal Issues

Understand the Impact of Intangibles

by Jeff Shaw

How to use these factors to reduce a senior living property’s tax assessment. By Morris Ellison The longstanding debate over intangible value in commercial real estate taxation rages unabated, and nowhere is the squabbling fiercer than in valuing senior living facilities.  Because these properties generally transact based on income from a going concern rather than from real estate, taxpayers planning to acquire a seniors housing facility should consider how to separate intangible value prior to acquisition. Simply waiting for the annual tax bill is a recipe for incurring inflated cost …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsIndustry Voices

Broker Q&A: Brokers Remain Optimistic

by Jeff Shaw

Dealmakers in seniors housing feel the effects of the industry’s pandemic-related challenges, but they see brighter days on the horizon. Roundtable participants Brooks Minford, Director, Berkadia Charles Bissell, Managing Director, JLL Capital Markets Cindy Hazzard, Broker, JCH Senior Housing Brokerage Richard Swartz, Vice Chairman, Cushman & Wakefield Jason Stroiman, Founder and President, Evans Senior Investments Brooks Blackmon, Senior Director, Blueprint Healthcare Real Estate Advisors Vince Viverito, Senior Vice President, Senior Living Investment Brokerage By Jeff Shaw The brokers in seniors housing may have the deepest knowledge of the industry. In order to link sellers with buyers, they have to understand every aspect of the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultDevelopmentIndustry Voices

Developers Say Active Adult Has a Bright Future, but Success Will Require Better Clarity, Marketing

by Jeff Shaw

Panelists Bob May, Managing Partner, Avenida Partners Michael Hartman, Principal, Active Adult, Capitol Seniors Housing  Michael Uccellini, President & CEO, United Group of Companies Chris Guay, Founder & CEO, Vitality Living Ryan Maconachy, Vice Chairman, Health & Alternatives Assets, Newmark (Moderator) By Jeff Shaw Active adult communities are a hot development class within the seniors housing continuum right now. One complication, though, is that the concept is much more nebulous than independent living, assisted living, memory care and skilled nursing. The National Investment Center for Seniors Housing & Care (NIC) does not yet track active adult metrics. A CBRE survey …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultFrom The MagazineInvestment

Why So Many Investors Are Chasing Active Adult

by Jeff Shaw

Favorable demographic trends and the sector’s strong performance during the pandemic have helped attract capital, says InterFace panel. By Matt Valley Aron Will refers to active adult as the “chameleon asset class” because it exhibits characteristics of both the multifamily and seniors housing sectors. “Quite frankly, there are more characteristics of seniors housing than people give it credit for,” said the vice chairman and co-head of National Senior Housing for CBRE. But from an investment sales standpoint, many buyers and sellers view the sector through a prism that is either …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesOperationsPeople

Question of the Month: What’s Your Staffing Situation?

by Jeff Shaw

Is your labor and staffing situation better, worse or the same as it was earlier in 2021, and why? Focus on engagement By Monica Friedman Chief HR Officer LCS We are continuing to experience staffing challenges to a greater degree than we did earlier this year. Although it varies by location, the challenge of attracting new talent to our industry remains.  We have faced increased wage pressure from staffing agencies that offer higher wages to experienced workers only to charge those higher wages back to clients. And, while most healthcare …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultNewsOperations

Active Adult Requires More In-Depth Sales Strategy than Traditional Seniors Housing, Say Webinar Panelists

by Jeff Shaw

As more and more traditional seniors housing developers dip their toes into active adult, one of the challenges is understanding how this newest segment is both similar and different from independent living, assisted living and memory care. Perhaps most importantly, while all segments target seniors, it could be argued that the customer base is completely different. “With traditional seniors housing, about 70 to 80 percent of the initial search comes from an adult child, not the potential resident — typically a female, maybe an adult daughter or granddaughter,” said Julie …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts