SAN DIEGO — As more and more new investors, capital providers and developers start to look at seniors housing as a growth opportunity, it’s up to those already in the sector to forge strong partnerships and increase transparency of data. These are the keys to seniors housing becoming a standard commercial real estate sector rather than a niche.
ACWORTH, Ga. — Holbrook Life has opened model cottages at Holbrook Acworth, an active adult community under construction in Acworth, about 30 miles northwest of Atlanta.
CHARLOTTE, N.C. — NorthMarq has hired Lawrence Larisma to its Charlotte-based regional office as senior vice president.
SCOTTSDALE, Ariz. — Cadence Living, a seniors housing owner, developer and operator based in Scottsdale, has hired Dale Schall as vice president of culinary experience.
Operators increasingly adopt electronic health records to improve efficiencies and reduce costs, but it’s a tough transition. By Eric Taub New technologies that start out as frivolous extravagances often become necessities. In 1885, seven years after Thomas Edison filed his first patent for “improvements in electric lights,” 300,000 bulbs were sold in the United States. By 1914, more than 88 million were in use. The first flat-panel, high-definition televisions cost thousands of dollars, but the pricing has since dropped to a few hundred dollars. Today, it’s the rare home that …
To win the competition for residents and talented staff, companies big and small need deep local roots. By Bendix Anderson In order for a seniors housing facility to succeed, the operator needs strong ties to the local area. “Local expertise has become increasingly important in recent years,” says Dan McKeever, executive director and portfolio manager for the senior housing funds of PGIM Real Estate based in Madison, N.J. Industry giants are increasingly committed to hiring staff at their properties that really know local markets. Growing companies now take care not …
From social media to mobile ads, how the smart use of technology can help owners/operators boost the bottom line. By Jane Adler It’s hard to keep up with digital marketing trends. Look no further than a recent episode of the Viceland television show, “The Most Expensivest,” hosted by rapper 2 Chainz. The 30-minute prograam titled “The Most Expensivest Retirement” highlights an upscale retirement community in Florida — The Palace Coral Gables. During the show, 2 Chainz chats with residents, questions staffers and samples the chef’s cooking. In the words of …
Newly appointed executive says stabilizing portfolio’s occupancy is her No. 1 goal. By Matt Valley In January, Kimberly Lody succeeded Larry Cohen as CEO of Dallas-based Capital Senior Living Corp. (NYSE: CSU), one of the nation’s largest operators of seniors housing communities. Cohen retired at the end of 2018 after a 19-year run as chief executive and 21 years with the company. Lody is no stranger to the inner workings of Capital Senior Living. For the past five years, she has served on Capital Senior Living’s board of directors. Most …
Development, design strategies can allow for high-quality senior living on a budget. By Russ Garber, Andrew Piletz and Nicole Boyer Ninety-year-old Lee Wachtstatter has been in the news many times over the last few years, as reporters have covered her decision to avoid traditional senior living facilities and instead live permanently on a cruise ship after the death of her husband. There are a number of remarkable things about Ms. Wachstatter’s decision, but perhaps the most eye-opening is the fact that the cost of her seagoing lifestyle is, by many …
Program development, site assessment among critical elements for project planning. By Frank R. Muraca, ARCH Consultants Site assessment and land due diligence are essential activities in the early stages of the development process. Just as a market demand study is critical to demonstrate the need for program development, site assessment is critical for project site planning. An appropriate amount of property evaluation may uncover important issues that significantly affect the development schedule and financial planning assumptions. The required breadth and depth of investigation varies depending on the scope of program …