Features

LOS ANGELES — In 2023, particularly in the second half of the year, a combination of forces slowed property sales to a crawl in the seniors housing sector. Amy Sitzman, executive managing director of seniors housing and care at Blueprint Healthcare Real Estate Advisors, laid out the laundry list of challenges. “The bid-ask spread conversation really has everything to do with what’s gone on in the market the past year and a half,” she said. “It has been trying for everybody dealing with interest rate hikes, inflation, operations, staffing challenges, …

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CHICAGO — Millions of Black and Hispanic middle-income older adults will lack the financial resources to pay for seniors housing and healthcare expenses as they age, according to new findings from NORC at the University of Chicago’s “Forgotten Middle” study commissioned by The SCAN Foundation.  The analysis shows the number of middle-income older adults of color will increase from 12 percent in 2020 to 25 percent by 2035, yet this population will be least likely to afford seniors housing and care when compared to the middle-income older adult population as …

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— By Blake Bozett, founder and CEO, The Zett Group — The Boise metro (Boise, Eagle, Meridian, Garden City) is made up of 75 licensed assisted living facilities, 42 of which have more than 30 licensed beds. Of those 42 assisted living facilities, the ownership type is made up of: national owner/operator (18), local owner/operator (12), REIT (4), regional owner/operator (3), local development company (2), privately held real estate investment firm (1), 1031 investment platform (1) and non-profit (1). These ownership stats aren’t necessarily unique to other metros such as …

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CHICAGO — Green shoots are starting to emerge in the capital markets, benefiting the seniors housing sector of the industry. The underlying market fundamentals continue to bounce back from the lows experienced during the COVID-19 pandemic with occupancy increasing, construction starts slowing and the market showing signs of stabilization and growth, according to JLL’s seventh annual Seniors Housing and Care Investor Survey and Trends Outlook. Of the investors surveyed for the report, 63 percent of respondents indicated they would increase their investment exposure to seniors housing in 2024, which is up …

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LOS ANGELES — If a seniors housing operator is going to survive and thrive in the future, treating front-line staff well is going to be the key to that success. That’s according to a discussion at France Media’s InterFace Seniors Housing West conference, held Feb. 1 at the Omni Los Angeles. The panel, titled “The Power Panel: CEOs Discuss the State of the Industry,” featured Sean Kelly, CEO, Front Porch; Traci Taylor-Roberts, president, Sodalis Senior Living; Chris Belford, CEO, Sinceri Senior Living; and Isaac Scott, principal, Anthem Memory Care. Michael …

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EVANSTON, Ill. — Members of Generation X — those born between 1965 and 1980 — are more concerned about aging than their baby boomer counterparts, particularly about finances, memory problems, and social isolation. Boomers, on the other hand, are more worried about losing independence. That’s according to a research study by Mather Institute, the research arm of Evanston-based owner-operator Mather. The institute recently released the first findings from its five-year study titled The Gen Xperience: A 5-Year Journey into the Lives of Generation X. The study surveyed 2,504 members of the …

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By Julia Bailey, senior associate, OZ Architecture  As architects and designers, our goal is always to conceive the optimal vision for each project. But, as anyone who’s worked in this field for any length of time knows, this journey seldom follows a straightforward path from imagination to realization. The design process requires us to navigate within the confines of project parameters, including site specifics, project objectives, financial constraints and regulatory requirements. However, if we are to continually elevate our designs and cater to the evolving needs of aging adults and …

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DALLAS — Sonida Senior Living Inc. (NYSE: SNDA), a Dallas-based owner-operator of communities and services for seniors, has executed a $47.8 million equity private placement, including an investment from Conversant Capital, the company’s largest shareholder.  Sonida plans to use this new capital for the completion of its balance sheet repositioning, continued investments in community improvements, broader community programming and acquisition opportunities. The shares were issued at $9.50 per share, a 5 percent premium to the 30-day volume weighted average price prior to closing. The equity private placement will close in …

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LOS ANGELES — There have been plenty of challenges facing seniors housing in recent years, whether dealing with the effects of the COVID-19 pandemic, rising interest rates, rapid inflation or natural disasters. But while those all reflect outside influences and specific timeframes, one challenge is a constant: recruiting and retaining quality staff. “We all know all roads lead back to operations and operators at the end of the day — that’s what it’s all about,” said Dan Baker, director at JLL Capital Markets. “Labor and staffing are the biggest challenges …

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ANNAPOLIS, Md. — The occupancy rate for private-pay seniors housing rose 80 basis points to 85.1 percent in the fourth quarter of 2023, according to data from NIC MAP Vision. It’s the 10th consecutive quarterly increase in occupancy as the industry continues to recover from impacts of the COVID-19 pandemic. The occupancy figure marks an increase of 730 basis points from the pandemic low of 77.8 percent in second-quarter 2021, but still just shy of the pre-pandemic mark of 87.1 percent in first-quarter 2020. NIC MAP Vision is a product …

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