What will the seniors housing resident of 2030 look like? Expect a more active, diverse senior By Brenda Bacon, President & CEO, Brandywine Living They will probably be more diverse, and likely to be listening to the Beach Boys and Marvin Gaye rather than big bands and Frank. They will have little interest in our structured activities and near-zero interest in anyone deciding what and when they will dine. You’ll run into them in the hallway on the way to the yoga studio, the pub or the indoor pool. They might restart …
HJ Sims finance veteran tries to get ahead of a shifting financial landscape. By Jeff Shaw A wide variety of factors are affecting the landscape of seniors housing finance, and they come from both within and outside the industry. Factors range from the Tax Cuts and Jobs Act signed into law by President Trump in 2017 to Medicare/Medicaid reimbursement changes in skilled nursing to affordability concerns for poor and middle-class seniors. Jeff Sands, managing principal and general counsel for Fairfield, Connecticut-based lender HJ Sims, has experienced a lot in his …
CHICAGO — Harrison Street Real Estate Capital, a Chicago-based real estate investment firm, has sold six seniors housing communities in Alabama, Florida, Georgia and Tennessee.
GLENVIEW, Ill. — Allegro Senior Living has opened a welcome center for its second Avidor-branded active adult community, which will be located in Glenview, 18 miles northwest of downtown Chicago.
TAMPA, Fla. — Greystone Healthcare Management, a Tampa-based operator of 28 skilled nursing facilities in Florida, has hired Stephanie Handelson as the company’s new CEO. Handelson succeeds Gerry Jenich, who served as interim CEO since February 2018.
PROVIDENCE, R.I. — Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of three seniors housing communities in metro Providence.
WASHINGTON, D.C. — Love Funding, a Washington-based provider of FHA multifamily, affordable and healthcare financing, has promoted Mark Brunsma to senior vice president and director of business development.
After years of boom-or-bust transaction levels in seniors housing, trading has settled into a rhythm. By Jeff Shaw Although it’s easy to look at year-over-year transaction volume in seniors housing and say “acquisitions are down,” 2018 was more a return to the average rather than a lull. When the feverish trade volume in 2011 to 2015 (peaking at over $25 billion in 2011) and the recession slowdown of 2008 to 2010 (bottoming out below $5 billion) are taken together, the last 11 years average approximately $14 billion per year in …
NORCROSS, Ga. — 29th Street Capital (29SC), a real estate investment and advisory firm, has acquired Shekinah Home in Norcross, approximately 18 miles northeast of Atlanta.
SAN DIEGO — Blueprint Healthcare Real Estate Advisors has brokered the sale of an 87-unit assisted living and memory care community in North County, just outside San Diego.