A Time of Change

The pandemic and a new White House administration lead to a changed legal and regulatory landscape, and the jury is still out on the near-term and long-term impacts. By Jeff Shaw The seniors housing industry has undergone an unprecedented amount…

Home Health, Home Care at New Juncture

Nonprofit, for-profit operators decide how deeply to engage with ancillary businesses to deliver services to seniors — if they engage at all. By Bendix Anderson Many seniors housing properties still struggle to find residents to fill vacant units. At the…

Developers Reinvent Adaptive Reuse

Creative projects tackle many of the biggest trends in seniors housing, such as multigenerational living, affordability, downtown locations and walkable neighborhood amenities. By Jeff Shaw Adaptive reuse projects are a tricky proposition for seniors housing developments, with a long list…

The Rise of the Regionals

Regional owners and operators are enjoying a goldilocks moment as local hands-on management gains favor in the wake of the pandemic. By Jane Adler Regional companies may have found their sweet spot.  Last October, the real estate investment trust Ventas…

A New Finance Landscape

Bridge lending spikes as owners and operators look for short-term solutions coming out of the pandemic, which could portend an increase in permanent and agency loans. By Jeff Shaw Although senior living occupancies remain low and have been slow to…

COVID Aftereffects Slow HUD Deal Volume

Mounting financial pressures on operators, combined with rising interest rates, leads to protracted transaction process. By Matt Valley A significant drop-off in the production of HUD 232/223(f) loans — popular with borrowers acquiring or refinancing skilled nursing, assisted living and…

Private Equity Watches and Waits

Although these funds collectively have raised billions of dollars, they are in no hurry to spend the capital amid dicey market conditions.  By Bendix Anderson Talk about patient capital. Many private equity funds, flush with hundreds of millions of dollars,…

Company Profile: On a Mission to Transform Aging

United Church Homes grows to be one of the largest nonprofit providers while keeping true to its century-old roots in compassionate care. By Jeff Shaw At 106 years of age, United Church Homes (UCH) is still trying to operate by…

Memory Care: Back to the Future

Operators experiment with new programming and design ideas while redoubling their commitment to traditional person-centered care. By Jane Adler Despite suffering big pandemic-related occupancy losses, the memory care segment is focused on the future as it rebuilds its census. Operators…

Dispelling the Technophobia Myth

Today’s seniors and their families demand video streaming and ubiquitous Wi-Fi, and operators need the infrastructure to handle it. By Eric Taub As a new generation of Americans age and begin to move into assisted living, the old tale that…

Operators Reboot Their Message

Safety, luxury and socialization all take on new meanings as marketing and sales teams change their approaches from pre-pandemic times. By Jeff Shaw March 2020 represented an abrupt and dramatic shift in how seniors housing units were sold to prospective…

Company Profile: Elevate Senior Living

Building ‘a Better Mousetrap’ By Jeff Shaw Elevate Senior Living is a company with one goal in mind: make seniors housing affordable for middle-class people.  The introductory press release for the company — which also revealed the groundbreaking of its…

Fannie, Freddie Shake Off Effects of Pandemic

After a major drop in seniors housing loan production in 2020 resulting from COVID-19, the agencies nearly hold the line in 2021. By Jeff Shaw After a significant decline in deal volume in 2020, both Freddie Mac and Fannie Mae…

Buyer/Seller Landscape Shifts

Some investor types have doubled down while others have fled seniors housing as the COVID-19 pandemic enters its third year. By Jeff Shaw COVID-19 has changed many investors’ approaches to the seniors housing sector.  The pandemic caused a major shift…

Owners, Operators Get in Sync

A variety of partnerships and lease structures present many options for landlords and tenants to both benefit. By Jeff Shaw In the retail real estate world, triple-net leases are king. Under this standard agreement, the tenant is responsible for all…

Lenders’ Patience Wears Thin as Pandemic Drags On

By Matt Valley Time is running short for operators of underperforming properties trying to shake off the negative impact of COVID-19 on occupancy and revenue, said Chuck Hastings, vice president of finance and business development for Juniper Communities. “In 2022,…

A New Blueprint

Architects adjust their designs for incoming baby boomers, better infection control. By Jeff Shaw Most often, when it comes to planning for the future of the seniors housing industry, it’s considered from the angle of operations — the adjustments that…

Nonprofits Unite

The pandemic has proven that scale matters as the big not-for-profit providers get bigger and follow through on expansion plans. By Jane Adler Like their for-profit counterparts, nonprofit senior living providers face many of the same pandemic-related market dynamics. Consolidation…

HUD Lending Program Shows Its True Mettle

Deal volume of nearly $4 billion in FY 2021 helped fill void during pandemic. By Matt Valley Amid an extremely challenging operating environment for the seniors housing industry and a difficult underwriting situation for lenders due to the pandemic, one…

Labor Pains

Senior living communities grapple with a severe worker shortage, responding with innovative approaches and programs. By Jane Adler “Help Wanted!” “Now Hiring!” The urgent signs posted everywhere from grocery stores to job boards reveal the depth of the labor shortage…

Worker, Supply Shortages Hit Builders

General contractors continue to innovate and complete projects despite COVID-caused headwinds. By Jeff Shaw We’re all familiar with the headlines by now: construction materials prices are at record highs, and nearly every industry has a shortage of workers, dealing a…

Senior Technology With Staying Power

Emerging out of the pandemic are some unique tech tools that have become part of everyday life at many senior living communities. By Eric Taub It’s often said that seniors and technology don’t mix. Whether it’s remembering how to use…

Why So Many Investors Are Chasing Active Adult

Favorable demographic trends and the sector’s strong performance during the pandemic have helped attract capital, says InterFace panel. By Matt Valley Aron Will refers to active adult as the “chameleon asset class” because it exhibits characteristics of both the multifamily…

Not Your Grandpa’s Affordable Housing

Newer senior living developments feature environmental sustainability, amenities and services far beyond the residences of the past. By Jeff Shaw The development strategy for affordable seniors housing of the past seemed to have one overarching goal: Don’t spend too much.…

REITs Take Differing Paths

Strategies of the industry’s biggest publicly traded owners range from billion-dollar purchases to exiting seniors housing altogether. By Jeff Shaw Publicly traded seniors housing REITs have experienced a roller coaster ride over the past 18 months. Stock prices soared in…