Saturday, March 15, 2025
Read the Magazine Subscribe

Features

FeaturesInvestmentNews

InterFace Panel: Labor Issues Hurt Margins, Investor Confidence in Seniors Housing

by Jeff Shaw

ATLANTA —  The labor shortage that continues to hamper the seniors housing industry is taking a toll on the capital markets side of the business as owner-operators find themselves underwriting increased costs that are ultimately causing profit margins to shrink and spooking some potential investors. The dearth of qualified and committed staffers at all levels of seniors housing was exacerbated by the pandemic. But other macro-level factors — low overall unemployment, stiff competition with hospitality and healthcare users, elevated demand for flexible work routines — are amplifying the problem, even …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesNewsOperations

Seniors Housing Operators See Rapid Rise in Online Leads and Universal Workers, Say InterFace Panelists

by Jeff Shaw

ATLANTA — Property managers rely on various tools and methods to boost occupancy at their seniors housing facilities. One common avenue is for operators to have reliable online lead generators that connect their sales teams to potential residents and their families. Digital platforms in the seniors housing space like A Place for Mom and Grow Your Occupancy are churning out such leads for sales teams, and operators are saying that it’s a double-edged sword because they are coming in at a rapid clip. “We love the leads but we have …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesNews

AAG Survey: Over 50% of Generation X Can’t Afford to Help Senior Parents

by Jeff Shaw

IRVINE, Calif. — Inflation and current economic conditions are creating problems for senior baby boomers, and new data from American Advisors Group (AAG) shows that those financial issues could become a problem for their Generation X children. To learn exactly how Gen X adult children are feeling about their parents’ financial state, AAG, an Irvine-based home equity solutions provider for seniors, conducted the Adult Children Survey. The survey was conducted on May 12 of this year, with over 1,500 participants ages 40 to 55 who have senior parents. “Americans want …

Continue Reading
0 FacebookTwitterLinkedinEmail
Morgin Morris Seniors Housing Interest Rates
Content PartnersFeaturesFinanceIndustry ContentInvestmentKeyBank

Higher Capital Costs are Latest Jolt to Seniors Housing Sector

by Sarah Daniels

As if seniors housing developers and operators did not have enough difficulties rebounding from the pandemic, what with constrained occupancy, elevated expenses and staffing shortages plaguing the sector, they are now navigating an environment where the rising cost of capital is limiting their financial flexibility. While the 10-Year Treasury yield has retraded about 50 basis points from its recent peak of nearly 3.5 percent in mid-June, it is still twice as high as it was at the beginning of the year. Likewise, the secured overnight financing rate (SOFR) has shot …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsContent PartnersFeaturesFinanceIndustry ContentInvestmentKeyBankVideos

Unitranche Loans Offer Competition with Debt Funds

by Sarah Daniels

Unitranche loan programs blend senior and junior debt pricing and terms into a single, first lien debt facility — a single financing that replaces the multitranche debt approach. The unitranche arrangement provides the benefits of a fully levered mezzanine debt structure, while the single financing structure streamlines the agreement and costs for borrowers. KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp, recently partnered with Welltower to establish a unitranche loan program with $750 million in lending capacity for seniors housing and skilled nursing facilities. Industry expertise …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesNews

Private-Pay Occupancy Continues Recovery, Rises 90 Basis Points in Second Quarter

by Jeff Shaw

ANNAPOLIS, Md. — Private-pay seniors housing occupancy increased 90 basis points from 80.5 percent in the first quarter of 2022 to 81.4 percent in the second quarter of 2022. This is the fourth consecutive quarter of occupancy growth, and occupancy is up 340 basis points this quarter from a pandemic low of 78 percent in the second quarter of 2021. The pre-pandemic occupancy level was 87.4 percent. That’s according to new data from the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit organization that tracks industry …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultFeaturesNews

Active Adult Success Depends on Educating Customers on Lifestyle, Says Ryan Frederick

by Jeff Shaw

DALLAS — Active adult housing, usually reserved for people over either age 55 or 62 and offering amenities but no aging services, targets a quickly growing demographic as 10,000 baby boomers reach retirement age every day. However, the biggest challenge to reaching that demographic might be teaching them what active adult housing is exactly. “A lot of people are challenged by thinking of housing as a binary choice — ‘I’m going to age in place or go to skilled nursing,” said Ryan Frederick, CEO of consulting firm SmartLiving 360. “Many …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFeaturesNews

High Inflation, Interest Rates Could Lead to Value-Add Acquisition Opportunities, Say Webinar Panelists

by Jeff Shaw

Inflation and interest rates are both going up at levels not seen for decades, if ever, in the United States. As a result, both topics have entered the general consciousness of the American public in a way rarely seen before, according to JP LoMonaco, president of Valuation & Information Group. “I haven’t said the words inflation or higher interest rates in more than 20 years, but they have definitely creeped into the American pop psyche. Chances are that you’re likely to start an elevator conversation with inflation more than weather …

Continue Reading
0 FacebookTwitterLinkedinEmail
Kate Risa Paychex Seniors HR
Active AdultAssisted LivingCCRCContent PartnersFeaturesIndustry ContentOperationsPeopleSkilled Nursing

Outsourced HR Meets the Challenges of Senior Living Staffing

by Sarah Daniels

Due to the nature of their clientele, senior living operators continually need to market their services to attract prospective new residents. But it’s not just new residents that they need to attract: it’s new employees as well. For the reality is that the senior living market faces some of the highest employee turnover rates in the service industry: upwards of 50 percent annually. Multiple factors are the culprit, including lower-than-average salaries, the difficulties of working with an aging and often high-acuity population, as well as few perceived opportunities for advancement, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultFeaturesNews

InterFace Panel: Lease-Up Represents Most Challenging Phase of Active Adult Development

by Jeff Shaw

DALLAS — Completing the lease-up and stabilization of new communities in a timely and cost-efficient manner is the most difficult aspect of developing active adult properties in the current environment. Such is the assertion of developers that are immersing themselves more deeply in this fast-growing sector of commercial real estate, which lies somewhere in between traditional multifamily and independent living on the spectrum of residential uses and services provided. The challenges of fast and effective lease-up programs are attributable to several factors that are unique to the emerging asset class, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts