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Webinar: Meet Seniors Housing’s Contrarians — A Handful of Investors Go Big in a Challenging Environment

by Sarah Daniels

The June 27 webinar “Meet Seniors Housing’s Contrarians — A Handful of Investors Go Big in a Challenging Environment” covered the difficulties and opportunities in seniors housing, including the impact of rising interest rates, the rise of regional operators and best practices for meeting regulatory requirements. The panel of industry experts also shared insights on managing troubled assets and adapting to post-pandemic challenges in the healthcare real estate industry. Despite concerns about affordability and rising insurance costs, there were signs of growth and opportunity in the sector. Speakers emphasized the …

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Assisted LivingDevelopmentNewsNorth Carolina

Waltonwood Senior Living Plans 95-Unit Community in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Waltonwood Senior Living has released plans for Waltonwood Lead Mine, an assisted living and memory care community set to open in Raleigh in fall 2025.  The community will feature 95 units, including 65 for assisted living and 30 for memory care. The site is near Crabtree Valley Mall and the North Hills area, which Waltonwood selected to provide convenient access to local amenities and services. Partners on the project include Cline Design Architects, Lighthouse Engineering, Hauser Creech Structural Engineers, Singh Development and Choate Construction.

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DevelopmentMassachusettsNews

LCB Completes Renovations at Residence at Paine Estate in Wayland, Massachusetts

by Jeff Shaw

WAYLAND, Mass. — LCB Senior Living has completed a renovation project at the Residence at Paine Estate in Wayland, approximately 15 miles west of Boston. The property, which sits alongside the Sudbury River, was purchased in the early 1900s by Edwin Farnham Greene, who built a brick mansion and installed gardens overlooking the river. In 1926, he sold the site to Frank and Virginia Paine and it became known as Paine Estate.  Frank Paine was the son of a Civil War general who earned his fortune by investing in the …

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Affordable HousingDevelopmentFloridaNews

FK Architecture Designs $25M The Fountains at Hidden Lake  Affordable Community in Crystal River, Florida

by Jeff Shaw

CRYSTAL RIVER, Fla. — FK Architecture has completed design work for The Fountains at Hidden Lake, an affordable seniors housing facility along Florida’s Nature Coast, and the project is now under construction.  The seven-acre community will encompass 81,000 square feet of living space in addition to amenities space.  Housing Trust Group (HTG) is developer for the four-story, $25 million community. It will feature 81 one- and two-bedroom units for residents over age 62 who earn at or below 40 and 60 percent of the region’s median income. Individual units, ranging …

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DevelopmentMissouriNewsSkilled Nursing

IMPACT Strategies Completes Construction of 40-Unit The Rehabilitation Institute of St. Louis – West County

by Jeff Shaw

BALLWIN, Mo. — IMPACT Strategies Inc. has completed The Rehabilitation Institute of St. Louis – West County in Ballwin, a suburb west of St. Louis.  Encompass Health Corporation and BJC HealthCare held a ribbon cutting at the property in May 2024. This inpatient rehabilitation hospital is an expansion of the current joint venture between Encompass and BJC, which already includes three hospitals known as The Rehabilitation Institute of St. Louis, The Rehabilitation Institute of Southern Illinois and The Rehabilitation Institute of St. Louis located in St. Peters.  The recently completed …

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DevelopmentFrom The Magazine

Savvy Developers Seize Window of Opportunity

by Jeff Shaw

While ground-up construction has slowed dramatically due to a confluence of factors, contrarians are timing the delivery of new product to serve an aging population. By Jane Adler Post-pandemic, senior living owners and operators are rightfully focused on regaining occupancy and stabilizing their assets. Expansion opportunities have mostly been limited to acquisitions of troubled properties purchased at a discount. Inflation, relatively high interest rates, a tight labor market and even tighter capital markets have largely sidelined ground-up development.   But contrarian players believe now is the right time to build. …

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DevelopmentIndustry Voices

Operators, Developers Must Consider Solo Agers

by Jeff Shaw

By Dr. Sara Zeff Geber As the baby boomers dip a cautious toe into the waters of senior living, they are looking for a very different experience than their parents.  Developers already know this and have made some changes in building designs and space allocation to meet these changing needs. Operators are making changes in furnishings, amenities, dining options and recreation menus. Those are all good and necessary updates, and will connect with boomers’ desires for independence, autonomy and control in addition to attractive surroundings.  Solo agers: A growing class …

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DevelopmentIndustry Voices

The Benefits of Borrowing from Other Sectors

by Jeff Shaw

How can senior living design benefit from ideas that stem from unlikely markets? By Shannon Remaley The next time you enter a senior living community, take a close look around. You may notice some design features that feel oddly familiar. For example, you might see a reception area akin to a concierge desk, luxury furnishings and materials adorning common areas, or ample amounts of natural light and diverse meeting areas of varying sizes.  Today’s best senior living communities borrow best practices from various markets, including high-end hotels and innovative office …

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Active AdultDevelopmentIndustry Voices

The SHB Interview: Michael Hartman, Capitol Seniors Housing

by Jeff Shaw

Real estate investor carves out a niche in the active adult sector. By Jeff Shaw Michael Hartman believes in active adult housing. The demographics are just too good. The demand is so much greater than the supply. It’s just a matter of giving the people what they want, he says. “I’m known in my company as the guy who will die on that hill.” In 2003, Hartman co-founded seniors housing investment firm Capitol Seniors Housing (CSH), which has built or acquired 116 private-pay seniors housing communities in the 20 years …

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DevelopmentFinanceIndustry VoicesInvestment

Question of the Month: Inflation

by Jeff Shaw

How is persistently high inflation impacting investment and development activity in the seniors housing space? An economic double whammy By Chris Blanda Senior Managing Director  VIUM Capital This a well phrased question because both inflation and, in turn, high interest rates have doubled down to restrict development activity.  It’s been a compounding effect that has moved several major levers to the economic viability of development projects in the wrong direction. Inflation has pushed development budgets and operating cost budgets up, while high interest rates have pushed construction leverage points down, …

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