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Active AdultFeaturesNews

Residents Share Insightful Firsthand Accounts of Life in Active Adult Communities

by Jeff Shaw

DALLAS — Aging is something that happens to all of us physically, but according to some residents at active adult communities in the Dallas-Fort Worth (DFW) area, the psychological and emotional difficulties of growing older are easier to bear in the company of others. Operators of this asset class are making this possible by delivering products and services that reflect the name “active adult.” Shared fitness classes, walking groups, book clubs, card games, communal gardening and organized shopping trips are but a few of the ways in which active adult …

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CCRCDevelopmentFeaturesNewsUtah

Joint Venture Receives $160M C-PACE Financing for Summit Vista CCRC in Taylorsville, Utah

by Jeff Shaw

TAYLORSVILLE, Utah — D.A. Davidson’s Special District Group, in partnership with Petros PACE Finance, has arranged $160 million in Commercial Property Assessed Clean Energy (C-PACE) financing for Summit Vista, Utah’s first life plan retirement community. Representing the largest C-PACE deal in history, according to the arrangers, the proceeds will be dedicated toward ongoing construction with a focus on enhancing the development’s energy efficiency, renewable energy and water efficiency. Owned in partnership with Gardner Group, Wasatch Group and Solamere Capital, Summit Vista offers a full continuum of care, including independent living, …

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Active AdultFeaturesNews

Why Active Adult Is Piquing the Interest of Investors

by Jeff Shaw

DALLAS — Investors are drawn to the fledgling active adult segment for several reasons, according to Caroline Clapp, senior principal, research and analytics, for the National Investment Center for Seniors Housing & Care (NIC). For starters, it’s a new property type and emerging market that is relatively easy for prospective owners and operators to enter. The average resident turnover per year at an active adult property is 20 percent versus 50 percent for a traditional multifamily community, NIC research shows. The average length of stay at active adult communities is …

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FeaturesLegal IssuesNews

Argentum Targets Legislative Advancements at Executive Conference

by Jeff Shaw

NEW ORLEANS — Although the proposed Safeguarding Elderly Needs for Infrastructure and Occupational Resources (SENIOR) Act never was passed by the federal government in 2022, the fight isn’t over. The goal of that act is to establish a $100 billion fund that builds upon critical infrastructure demands for infection prevention and control; invests in broadband and telehealth capabilities; creates a sustainability fund to ensure seniors’ long-term care needs are exceeded; and invests in workforce training and development. Argentum, an association for professionally managed senior living communities, hopes to bring back …

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FeaturesNews

Survey: Consumer Confidence in Retirement Savings Drops

by Jeff Shaw

WASHINGTON, D.C. — Americans are becoming increasingly less confident that they will have enough money to live comfortably throughout their retirement years, according to the 33rd annual Retirement Confidence Survey conducted by The Employee Benefit Research Institute (EBRI) and Greenwald Research. The report also finds both workers and retirees are greatly concerned about inflation and its impact on their savings and spending. The Retirement Confidence Survey (RCS) is the longest-running survey of its kind measuring worker and retiree confidence. “The confidence both workers and retirees have in their ability to …

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FeaturesNewsTechnology

Webinar Panelists: Occupancy Growth Flattens Out Amid Dicey Economy, Higher Acuity

by Jeff Shaw

While overall private-pay seniors housing occupancy has now increased for seven straight quarters, according to the National Investment Center for Seniors Housing & Care (NIC), many operators are starting to see that growth slow to a crawl — still well short of pre-pandemic norms. According to Kelley Skarp of Arbor Company, this is due to a variety of factors, but most notably the general economic challenges of high interest rates and inflation. “In the current economic environment, people are looking at their wallets a little more closely,” said Skarp. “While …

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Active AdultAssisted LivingFeaturesIndependent LivingIndustry ContentOperationsTechnologyVideosWebinars

Webinar: Seniors Housing & CRM: Can You Predict the Future?

by Sarah Daniels

  The April 19 webinar “Seniors Housing & CRM: Can You Predict the Future?” is all about data — how best to use it to drive strategy and decisions, especially in the near future. Join sponsor WelcomeHome Software and a panel of seniors housing industry experts as they discuss customer relationship management (CRM) technology and analyze the WelcomeHome Year In Review: 2022 report. This hour-long webinar highlights the report’s findings and the best strategies in terms of occupancy, referrals and metrics to track within communities. Timestamps of major topics covered: (3:24) Report summary Occupancy since …

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MatrixCare EHR software Sandy Hudak
Active AdultAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentOperationsPeopleSkilled NursingTechnology

Five Tips on How to Leverage Data and Analytics

by Sarah Daniels

State-of-the-art software tools can improve operational efficiency, enhance resident outcomes and boost the bottom line. What can you utilize that has a positive impact on both residents and business results? Data and analytics. With real-time information on performance, senior care executives and clinicians can identify and overcome roadblocks to success. New improvements in the use of data and analytics are helping to guide decision-making. Data mining can boost staff efficiency and profitability. At the same time, data entry is becoming faster and easier. Software tools with the latest graphics make …

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FeaturesNews

Seniors Housing Occupancy Increases for Seventh Consecutive Quarter

by Jeff Shaw

ANNAPOLIS, Md. — The private-pay seniors housing occupancy rate increased 30 basis points from 82.9 percent in the fourth quarter of 2022 to 83.2 percent in the first quarter of 2023, according to data from NIC MAP Vision released by the National Investment Center for Seniors Housing & Care (NIC). NIC MAP Vision is a product of the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data gathered from 31 primary metropolitan markets. Private-pay seniors housing comprises independent living, assisted living and …

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FeaturesFinanceNews

Bank Failures Could Cause Fed to Pause on Interest Rate Hikes

by Jeff Shaw

It’s an open question whether the Federal Reserve will raise the federal funds rate for a ninth consecutive time when it convenes March 21-22 following the collapse of Silicon Valley Bank and Signature Bank and the downgrade of the U.S. banking system by Moody’s Investors Service. Citing a “rapidly deteriorating operating environment” despite regulators’ efforts to shore up the industry, Moody’s early this week downgraded the U.S. banking system to negative from stable. Beth Mace, chief economist and director of outreach for the National Investment Center for Seniors Housing & …

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