Author

Jeff Shaw

AcquisitionsFrom The Magazine

M&A Activity Poised to Rebound

by Jeff Shaw

Although 2023 was a down year for property sales, the seniors housing industry fared better than other real estate sectors, and many investors are already switching to ‘buy’ mode. By Jeff Shaw At first blush, 2023 looks like a bad year for seniors housing property sales. Total transaction volume fell 23 percent to $10.6 billion, the sector’s lowest mark in over a decade, according to data from MSCI Real Assets. “I’m not surprised to see transaction volume down from 2022,” says Kelly Sheehy, senior managing director of Artemis Real Estate …

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From The Magazine

How to Handle Bad Press

by Jeff Shaw

After a series of national news articles portraying the worst aspects of seniors housing, owners and operators are developing best practices for handling negative media coverage. By Jeff Shaw The headlines are sensational, and they make the seniors housing industry look bad. Negative news about this burgeoning sector seems to be a go-to for national and local journalists. The most recent attack came via the Washington Post, which released a pair of articles on Dec. 17 that cast seniors housing in a negative light: • “Understaffed and Neglected: How Real …

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From The Magazine

Key Industry Metric Is Stuck in Neutral

by Jeff Shaw

The penetration rate remains stagnant, even as seniors housing becomes a more accepted asset class and more prospective residents understand its value. What’s the solution? By Jeff Shaw The seniors housing industry is currently experiencing something of a metrics renaissance. After surviving the brutal blow that was the COVID-19 pandemic, most of the base numbers have trended positive: • There have been 11 consecutive quarters of occupancy growth. • Rental rates saw dramatic increases over the past few years, with reportedly little pushback from residents. • New construction has remained …

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Affordable HousingDevelopmentIndustry Voices

The Way Forward: A Developer’s Vision for Affordable Seniors Housing

by Jeff Shaw

By Joy Silver The scarcity of affordable housing is already a prominent crisis in communities across the United States, and it is even more acute and pronounced for seniors — a population that often finds themselves overlooked and underserved. How did we get here and what’s the best way to bring solutions to the table? Demographic shifts and “the 2030 problem” The demographic landscape of the United States is undergoing a significant shift, with baby boomers constituting the nation’s fastest-growing subpopulation. By 2030, every single baby boomer will be 65 …

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Industry Voices

Understand the Changes to Your Insurance Rates

by Jeff Shaw

Seniors housing owners and operators are dealing with dramatic increases in costs, but there are ways to both mitigate and plan for these additional expenses. By Brian Jurutka Since the beginning of the pandemic, property and casualty (P&C) insurance rates for seniors housing have increased significantly. The increase, however, has been driven not just by one factor, but by a combination of factors.   To grasp the dynamics, it’s important to look at the two types of P&C insurance separately: Professional and general liability (PL/GL) and property insurance.  PL/GL covers …

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DevelopmentIndustry Voices

Three Design Trends Baby Boomers Will Love

by Jeff Shaw

By Becky Trybus, CHID, EDAC, RID, IIDA Senior living design is now squarely focused on the already-here and not-yet-peaked baby boomer generation. This generation grew up with higher household incomes and in a blossoming consumer-based society. Living longer with money to spend, boomers make up the largest demographic in the United States.  Health, wealth and quality experiences embody this segment of our population, so it’s no wonder why they’ll expect this to continue in their later years. Let’s explore how these key generational traits translate into the built environment, practical …

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Industry Voices

The SHB Interview: Larry Cohen, CEO, Trustwell Living

by Jeff Shaw

Industry stalwart comes out of retirement to launch a national operator with his former colleagues. By Jeff Shaw Larry Cohen knows a little something about growth. He spent 22 years (19 of them as CEO) at Capital Senior Living, which in 2021 changed its name to Sonida Senior Living (NYSE: SNDA). Cohen grew the company’s portfolio from 27 communities with a resident capacity of approximately 5,000 to 129 communities with a capacity of approximately 16,500 residents. He oversaw the boom years of the company, which saw stock prices peak at …

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DevelopmentIndustry Voices

Question of the Month: The ‘Wow’ Factor

by Jeff Shaw

How can the owner of an older property improve the ‘wow’ factor to better compete in the marketplace? Play to your strengths By Megan Longley Vice President, Sales Acts Retirement-Life Communities The most important way to “wow” is always in the human element of the first impression. That is what prospects are really registering and making the decision against: Warm greetings, staff introducing themselves in the hallways, happy and engaged residents.  To compete, all of us must pay routine attention to curb appeal — that means signage, landscaping, easy car-to-curb …

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FinanceFrom The Magazine

Lenders on Pins and Needles, Awaiting Turnaround

by Jeff Shaw

By Matt Valley Until there is a greater sense of stability in the marketplace and clarity from the Federal Reserve on the timing and extent of interest rate cuts, underwriting deals will remain a challenge for lenders, believes Jason Clouet, vice president of Bayview Asset Management.  “I think if we polled everybody in this room, half of you would say that we’re going to see a 200 basis points drop, and half of the room would say 50 basis points. There’s not real clarity right now as far as where …

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Assisted LivingDevelopmentFloridaNews

ANF Group Completes 121-Unit Providence Living at Pembroke Pines in Florida

by Jeff Shaw

PEMBROKE PINES, Fla. — ANF Group Inc. has completed construction of Providence Living at Pembroke Pines, a new assisted living facility and memory care facility in Pembroke Pines, Florida. The 114,003-square-foot community features 81 units of assisted living and 40 units of memory care. The project is located on 3.15 acres at the entrance to the Pembroke Pines City Center, approximately 20 miles north of Miami. Providence One Development and ANF Real Estate Group developed the property. ANF Group was the general contractor, while Providence Senior Living will manage the …

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