Features

Phil-Brusk

By Phil Brusk and Caleb Vahcic The seniors housing sector can’t seem to catch a break. Owners grappling with staffing shortages and other operational hardships lingering from the pandemic are facing new challenges related to debt and spiraling costs. High interest rates and loan maturations loom over the industry, with $19 billion in loans coming due within the next 24 months, according to Cushman & Wakefield’s “H1 2024 Market Trends and Investor Survey” on senior living and care. Factors driving high costs include wage pressures, inflation and — incredibly — …

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Jason-Dopoulos_Ikaria

Jason Dopoulos and Ken Gould, co-founders of Cleveland-based Ikaria Capital Group, have ambitious plans for their fledgling company, which specializes in financing skilled nursing and seniors housing facilities. The duo is intent on their firm becoming the No. 1 lender in HUD’s Section 232 program, which provides mortgage insurance for residential care facilities such as assisted living facilities and nursing homes. “We want to be the No. 1 HUD lender within three years. We want to do $1 billion to $1.5 billion of bridge loans a year, and we want …

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Investment-Panel_Seniors-West

LOS ANGELES — Dan Baker, director of capital markets for JLL, says the seniors housing and care industry doesn’t need to speculate on whether the market rebound is real or perceived because the numbers tell the story.  “I think last year saw the most announced seniors housing transactions ever in a calendar year, not necessarily the most dollar volume,” said Baker during a recent investment panel discussion at InterFace Seniors Housing West in Los Angeles. Baker cited the lack of larger portfolios trading hands as the reason for the modest dollar …

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Steve Leone

Founded in 1954 and based in Hamilton, New Jersey, Spiezle Architectural Group is a firm that provides architecture, interior design, construction, furniture procurement, engineering and landscape design services. With 120 employee-owners, the firm operates out of five offices and offers design services nationwide and internationally.  Seniors Housing Business spoke with Steve Leone, a principal at the firm, to hear about Spiezle, its approach to acute healthcare and senior living projects and Cathedral Village, a project in Philadelphia.  SHB: Spiezle provides a variety of services including architecture, interior design, construction services, furniture procurement, …

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Fall Detection Allison Rainey MatrixCare

New tools are helping seniors housing providers detect fall risks early, giving them an edge in prevention while preserving residents’ privacy and dignity. This technology is part of a new frontier in healthcare: tracking and identifying changes in behavior earlier and earlier while providing tailored alerts and wellness insights to improve outcomes. “We are always looking for opportunities to reduce falls and maintain, or improve, the overall health and wellbeing of our residents,” says Mark Mountel, director of technology at Life Enriching Communities (LEC). The not-for-profit owner and operator of …

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NIC-Panel

SAN DIEGO — Seniors housing’s standing in the investment world is on the rise, says Lisa McCracken, head of research and analytics at the National Investment Center for Seniors Housing & Care based in Annapolis, Maryland.    During a webinar hosted by the Urban Land Institute in October 2024 highlighting its real estate economic forecast, the organization polled over 2,000 registrants on the following question: “Which sector do you feel will provide the best risk-adjusted returns across the next three years?”  Data centers captured the largest share of responses (38 percent), …

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Power-Panel_Seniors-Housing-West

LOS ANGELES — The challenges in the commercial real estate lending market that emerged in the fourth quarter of 2022 — highlighted by the sharp rise in interest rates — still linger and have forced seniors housing developers, investors and operators to adjust their strategies. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. “We’re in an era now where there’s a lot of turmoil, I’d say, …

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Bar-Chart

An increase in stability and debt availability will lead to an uptick in transactions but not all buyers — or properties — are created equal.  To say that the seniors housing sector has encountered strong headwinds over the past few years would be an understatement. The property sector was uniquely impacted by the COVID-19 pandemic. It scarcely had a chance to recover and enjoy rebounding occupancy before being faced with the reality of heightened interest rates. Amid all the challenges, industry professionals adopted a motivational yet pragmatic mantra and strategy: …

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Village-Park-Milton_Alpharetta-Ga

Demographic shifts prompt developers to focus on fast-growing cities in the South and West to attract new residents.  Which markets are hot? While developers scour the Mountain West and Mid-Atlantic states for promising sites, one senior living investor likes the somewhat unlikely spot of Rockford, Illinois.  LTC Properties (NYSE: LTC), a real estate investment trust, has provided a construction loan for The Courtyard at Loves Park, a 116-unit senior living project under development in Loves Park, Illinois, a suburb of Rockford. The mid-size, Midwestern city with a rocky history after the …

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HUD-Lenders-Chart

The consensus among lenders in the U.S. Department of Housing and Urban Development’s LEAN healthcare mortgage insurance program is that loan volume in fiscal year (FY) 2025 will surpass the prior year’s total of $3.1 billion due to a combination of factors. The lending program, which stems from Section 232 of the National Housing Act, plays a vital role in helping finance nursing homes and assisted living facilities. HUD LEAN is a streamlined program for processing Section 232 applications. “Lending volume should only rise in 2025,” predicts Sampada D’silva, chief …

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