Investors Hit the Brakes on M&A
After transaction volume rebounded greatly in 2021, sales fell 38 percent in 2022 as economic hardships mounted. By Jeff Shaw I get knocked down, but I get up again You are never gonna keep me down The lyrics to the…
IoT Is Next Big Tech Disruptor
Operators leverage Internet of Things platforms to improve health and well-being of seniors while maximizing workflow and revenues. By Eric Taub The so-called smart home is fast becoming the standard home. Today, everyday appliances such as refrigerators and ovens in…
ESG Rises in Importance
Investors and customers are increasingly drawn to companies that embrace environmental, social and governance policies, but the success of these initiatives hinges on transparency and authenticity. By Jeff Shaw A company could be forgiven for wanting to avoid developing and…
Eight Consecutive Rate Hikes and Counting
The Fed’s aggressive push to tamp down inflation through higher interest rates has temporarily sidelined some lenders, while creating opportunities for others. By Jeff Shaw A lot has changed in a year, especially when it comes to the capital markets…
Company Profile: Distinctive Living Partners Up
Through value-add acquisitions and ground-up developments, new owner-operator is a big believer in the power of collaboration. By Jeff Shaw For a company that’s less than two years old, Distinctive Living has grown quickly. Launched in 2021, Distinctive currently operates…
Active Adult’s Mounting Momentum
NIC MAP Vision launches data initiative to track hottest subsector of seniors housing, bolstering transparency for investors. By Jeff Shaw Active adult is the talk of the town in the seniors housing industry. The sector, which caters to the 55-plus…
Nonprofits Innovate to Pursue Growth
Affiliations, acquisitions and new service lines are part of a multi-pronged strategy to stay competitive amid a challenging business climate. By Jane Adler Despite economic headwinds and an ongoing labor shortage, nonprofit senior living providers are focused on growth. Affiliations…
HUD Loan Volume Likely to Remain ‘Muted’ in FY 2023
By Matt Valley A spike in interest rates coupled with operational challenges in the skilled nursing and seniors housing industries stemming from the COVID-19 pandemic took a toll on lending volume in HUD’s Section 232 mortgage insurance program in fiscal…
Market Studies Can Make, Break Projects
With ground-up construction increasingly fraught with risk, savvy developers leverage data and consumer research to their advantage. By Jeff Shaw Developers and investors already know that a market report is one of the most crucial pieces of the “go” versus…
Smart Design Pays Dividends
From sustainable building features to family-friendly dining venues to comfortable staff lounges, today’s architects provide project blueprints that both inspire and pencil out. By Jeff Shaw Seniors housing as an industry is always changing, but the pace the past few…
Company Profile: Omega Healthcare Investors
A Port in the Storm Omega Healthcare Investors rides out recessions, regulatory sea changes and pandemics to remain one of the largest owners of senior care facilities. By Jeff Shaw Omega Healthcare Investors launched in a way that was extremely…
Borrowers Face Stiffening Headwinds as Interest Rates Spike While Some Lenders Hit Pause Button
By Matt Valley The seniors housing industry can’t seem to catch a break in the wake of the COVID-19 pandemic, says Aron Will of CBRE Capital Markets. While operational performance has improved the past several months due to a gradual…
Value-Add Strategies Fit the Times
As land and construction costs soar, developers find success with repositioning projects despite the risks. By Jeff Shaw Ground-up seniors housing construction is arguably more difficult now than it has ever been, forcing developers to come up with an alternative…
Developers Prefer High Barriers to Entry
When the going gets tough, top developers are drawn to sites where the competition is limited. By Bendix Anderson Developers are building fewer new seniors housing units today than they have in years. Rising interest rates and the high cost…
Transformative Tech Products Emerge
Advancements in artificial intelligence, mobile apps and even robots are becoming the new normal for improving seniors’ health. By Eric Taub A plaintive call from an elderly family member several years ago illustrated society’s digital divide. “The TV commercial said…
Lenders Morph to Meet the Market
As borrower interests change quickly in the post-COVID world, capital sources adapt to their needs. By Jeff Shaw Many factors go into a seniors housing investor or developer’s need for capital. Considerations such as occupancy at existing communities, construction costs…
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…
More Empirical Data on Active Adult Sector is Needed to Woo Lenders, Says InterFace Panel
By Matt Valley The pandemic raised the profile of the active adult sector, which anecdotally experienced healthy rent growth and stable occupancy during the health crisis due to “sticky tenants” who tend to stay anywhere from three to seven years.…
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…
Lenders Reflect on COVID’s Impact, Address Interest Rates During InterFace Seniors Housing West
By Matt Valley Six lending professionals recently gathered on stage at the Omni Los Angeles to participate in a panel discussion that was both a two-year retrospective on COVID-19 and a deep dive into some of today’s hot-button issues affecting…
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…