Features

Capital-Markets-Panel

By Matt Valley ATLANTA — In an unsettled world, the capital markets have ironically proven to be relatively stable this year. That’s helped pave the way for the rebound in financing across the seniors housing sector, lenders say. But they are quick to add that construction financing remains difficult to secure for most developers. For much of this year, the U.S. 10-year Treasury yield has fluctuated between 4.2 and 4.6 percent, a relatively narrow range compared with the high volatility experienced in the three years prior. In 2022, for example, the …

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CEO-Panel_1

CHICAGO — Five years removed from the height of the COVID-19 pandemic, which hit seniors housing communities, owners and operators particularly hard, the industry is still processing and gleaning lessons from the public health crisis. “The PTSD is still resonating a bit,” says Joe Jedlowski, chairman and CEO of Distinctive Living, which provides senior living management and development services. “There were days during the pandemic that we weren’t sure about survival.” Jedlowski’s musing came at the annual InterFace Seniors Housing Midwest conference, which took place June 24-25 at the Swissotel Chicago …

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Ray-Yancey_LRS

By Ray Yancey The American Lung Association’s recent “State of the Air” report shows that millions of adults age 65 and older live in high-risk areas in terms of levels of outdoor ozone, particle and other pollutants.  Cleaner, healthier air — both outside and indoors — should be a priority. Architects and designers have an important role when creating senior living communities to help residents live longer, healthier lives. This includes air quality. When collaborating with senior living community owners and operators, commercial design and planning groups should identify the …

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Symphony-Pointe_Elkhorn-Neb

By Hayden Spiess Working in seniors housing is more than just a job, says Michael Pittore. Rather, “it’s something that is part of your DNA.” This is true of no one more so than Pittore and Forrest Westin. The two executives, who recently took over leadership of Agemark Senior Living as co-CEOs, are actually the sons of the company’s founders and original leaders.  In the mid-1980s, real estate developers Richard Westin and Jesse Pittore met in San Francisco. Then, in 1985, the pair partnered on their first seniors housing project …

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Peter Feeney DISH Business quote from article

The next generation of residents entering senior living communities is more digitally native than ever before. Many have embraced mobile devices, smart technology and digital streaming, and they expect the same convenience and technology in their seniors housing environments. According to a recent AARP survey, nearly two-thirds of respondents say technology enriches their lives by making daily life and aging easier.​ They’re increasingly using digital services to manage their finances, social lives and health and wellness. AARP research also found that among adults aged 50 and over, 91 percent own …

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Juniper-Village

By Beth Mattson-Teig Real estate investment trusts (REITs) have their foot firmly on the gas when it comes to acquiring seniors housing assets, and they’re taking full advantage of the opportunity to buy at below replacement cost.  The appetite to grow portfolios, particularly on the private pay side of independent living, assisted living and memory care, comes as no surprise given the combined tailwinds of growing consumer demand and a slowdown in new supply.  While the aging population has led to accelerating demand, the high cost of development has forced …

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Pruitt-Health-Pensacola

By Jane Adler Similar macro trends are shaping both seniors housing and skilled nursing. The aging population continues to increase demand for services. Occupancies are rising. Limited new development has helped to keep competition in check.  Meanwhile, technology promises to improve operational efficiency and potentially cut expenses. Industry consolidation is ongoing. Older buildings are being renovated. Prices for quality properties are rising, and investors are eager to invest in both seniors housing and skilled nursing. Both segments face similar challenges too. Although the worker shortage has eased somewhat, operators continue …

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Capital-Markets-Panel_Seniors-Housing-Midwest

By Matt Valley The seniors housing lending market hasn’t made a 180-degree turn from a year ago when the Federal Reserve was at the peak of its monetary tightening cycle, Fannie Mae and Freddie Mac were dealing with plenty of asset management issues on their balance sheets and the loan underwriting practices of banks were quite stringent.  But the debt financing market has clearly turned a corner and is headed in the right direction, even as developers remain frustrated. That is one of the big takeaways from InterFace Seniors Housing …

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HUD-Lending-Chart

By Matt Valley There are two major takeaways from the U.S. Department of Housing and Urban Development’s healthcare mortgage insurance program more than halfway through fiscal year (FY) 2025.  First, loan volume is on a pace to significantly surpass the $3.1 billion figure recorded in FY 2024, likely reaching $4 billion or more. Second, the launch of the Department of Government Efficiency (DOGE), which aims to reduce government spending, led to several employee departures at HUD at a time when there was already a backlog of loans to process. The …

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Emergency Plans EAP Quote from Article, Scott Wede Kings III

In seniors housing, safety isn’t just a protocol; it’s a promise. With residents and their loved ones relying on clear communication and quick responses, creating and maintaining a robust emergency action plan (EAP) tailored for senior living communities is essential. From fires and severe weather to power outages and elevator malfunctions, preparation and well-tested systems can help to keep seniors safe and cared for, while reassuring families and reducing property risk. Here’s how owners and operators can build a safer, more responsive environment for residents, staff and families alike. EAP: …

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