TAMPA, Fla. — Grandbridge Real Estate Capital has hired three to its Seniors Housing and Healthcare Finance Group. Based in Tampa, the team is led by Allen McMurtry, David Kliewer and Jay Jordan. All were previously with Cushman & Wakefield. The team has exclusively represented sellers of seniors housing communities across the U.S. since 1986, spanning over 190 properties sold in 35 states. Grandbridge’s Seniors Housing and Healthcare Finance Group offers construction, nonrecourse acquisition/bridge loans and permanent financing options to seniors housing owners nationwide. These latest additions will work closely …
From processes to spaces, senior living design and construction are in for a change. By Drew Roskos Now in month six of our country’s full-scale reaction to the COVID-19 pandemic, we are all embracing today’s heightened awareness of public health across the board, especially in our field of senior living. As of this writing, roughly one-third of COVID-19 cases reported have been in senior living communities. As research continues to teach us more about the spread of the virus who is at the greatest risk, we are also likely …
Programming can make all the difference in keeping happy, healthy residents. By Flynann Janisse One crisis at a time is no longer an option for the multifamily industry. As seen in many other sectors, the global pandemic highlighted already broken or deficient systems, exacerbating challenges accessing quality affordable housing. The United States was already in the midst of a national housing crisis before COVID-19, especially for seniors as baby boomers adjust their housing demands to fit their lifestyles. Now the need for quality affordable housing is dire and must be …
Seniors housing pricing takes a hit amid pandemic. By James Tellatin The COVID-19 pandemic has clearly impacted seniors housing valuations. The market for seniors housing assets is only beginning to thaw from the pandemic’s spring and summer freeze. In the absence of actual sales data priced in the pandemic, using enterprise valuations from publicly traded REITs and operating companies with large concentrations of seniors housing is a proxy to individual asset values. Operationally, most properties are experiencing lower occupancies and higher per-resident-day operating expenses and these conditions are likely to …
After five years at the helm of the longstanding REIT, this seniors housing executive has helped the company carve out a niche in secondary and tertiary markets. By Jeff Shaw Despite all the challenges facing seniors housing, Eric Mendelsohn is a big believer in the product. He cut his teeth at Seattle-based Emeritus, serving as senior vice president of corporate development from 2006 to 2015. It was a period of tremendous growth for the company, culminating in giant operator Brookdale Senior Living buying Emeritus in 2014. Emeritus’ portfolio totaled 1,100 …
Investment sales professionals express optimism for the future of seniors housing despite the pain caused by the COVID-19 pandemic. Roundtable participants Brooks Minford, Associate Director, Berkadia Daniel Geraghty, Senior Vice President, Senior Living Investment Brokerage Jordyn Berger, Senior Director, Walker & Dunlop Bruce Gibson, Principal, Senior Capital Advisors Cindy Hazzard, Broker, JCH Senior Housing Brokerage Ted Flagg, Senior Managing Director, JLL Capital Markets Aron Will, Vice Chairman, CBRE Capital Markets Kris Lowes, Director, Evans Senior Investments Richard Swartz, Vice Chairman, Cushman & Wakefield Jeffrey Hyman, Senior Vice President, Colliers National Seniors Housing Group Steve Thomes and Ryan Chase, Senior Managing Directors, Blueprint Healthcare Real Estate Advisors Todd Lindblom, National Director, Marcus & Millichap Adam …
Interior designers in the seniors housing sector place greater emphasis on antimicrobial materials, socially distant layouts and outdoor spaces. By Kristin Hiller Interior designers within the senior living space say they’ve always considered health and wellness as an integral part of their work. But today — amid the coronavirus pandemic and the vulnerability of seniors — safety and infection prevention is at the forefront of design decisions. Karla Jackson, principal and design director with Austin, Texas-based StudioSix5, says that COVID-19 is now a long-term design consideration for her company. “All …
Seniors housing branding needs to answer an uncomfortable, but obvious, question: Will my parents be safe here? By Lynn Peisner Senior living has been weathering a public relations fiasco since March. Media portrayals of senior communities as hotbeds of coronavirus infections played a role in ceasing move-ins as the general public has presumed that the “nursing home” presented in news reports is synonymous with all levels of seniors housing. Marketing and branding experts, along with owners and operators, are working hard to turn that around. “All senior living got lumped …
What kinds of marketing and outreach are you doing to attract new residents and increase move-ins? Find creative solutions By Joseph Jasmon CEO American Healthcare Management Group We adjusted our business relationship visits and offered a helping hand to those businesses reopening with COVID-related assistance. We continue to provide virtual tours and have started a video program to introduce ourselves to the community. We recently began to offer in-home assistance, advice and a person to call for prospects who are nervous about moving. Enhancing our online presence and working our …
By Matt Valley Make no mistake about it, transaction volume in the seniors housing investment sales market has been significantly hampered by COVID-19, the respiratory disease linked to 197,000 deaths nationally as of Sept. 17. Year-to-date through July, property and portfolio sales in the seniors housing and care sector totaled just under $5.3 billion, down 52 percent from nearly $10.8 billion during the same period a year ago, according to Real Capital Analytics (RCA). The number of properties that traded over that same period fell from 703 in 2019 to …