Overseas buyers take an increasingly measured approach to U.S. seniors housing industry by cultivating partnerships with seasoned operators. By Jane Adler Cautious. Selective. Patient. These three words characterize today’s overseas capital sources seeking investments in U.S. seniors housing and skilled nursing properties. While foreign investment in the sector here has slowed, even in the best economic times the decision-making process is typically lengthy. The “tire-kicking” phase can last several years, potentially extended by the recent coronavirus outbreak. Overseas buyers are also still quite choosy. They’re focused on the best properties …
From The Magazine
In the face of growing competition, assisted living owners and operators are renovating and repositioning their aging properties. By Jane Adler Over the last few years, the construction boom that delivered thousands of new senior living units to the market has produced tough competition for existing projects. New buildings open near old ones. A 20- or 30-year-old assisted living building can easily look tired, especially when compared with the state-of-the-art project down the street. Owners and operators of older properties are taking different approaches to maintain occupancy. The amount spent …
As senior living providers pursue partnerships in the healthcare industry, here are five critical points to keep foremost in mind. By Jane Adler With owners and operators of senior living properties serving an increasingly frail population of elders, Medicare Advantage programs are emerging to improve care, boost resident and family satisfaction, and increase length of stay. The use of Medicare Advantage programs in senior living is still in its infancy. The programs are complex and there is still much to be learned. But several experiments and pilot projects are already …
Seniors housing professionals seek solutions to affordability, labor shortages and more through legislative lobbying and legal means. By Jeff Shaw The challenges of owning and operating seniors housing are not news to anyone in the industry, but the solutions may be. Lawyers, lobbyists and industry experts are finding a variety of ways to try and surmount the increasingly difficult issues facing the sector — including labor shortages, affordability, increased acuity and changes to government funding. Efforts are underway at a local, state and national level. Reports from Capitol Hill are …
Insiders weigh the odds of success for this emerging product type. By Jane Adler Win or lose, investors and developers are placing big bets on the newly emerging product category of active adult rental communities. Aimed at the huge cohort of 74 million aging baby boomers, the projects are amenity-rich but lack many of the services found in traditional senior living communities, such as housekeeping, meals and assistance. The bet is that a certain segment of baby boomers will sell their homes and opt for a worry-free lifestyle that comes …
Developers seize on the opportunity to build communities geared specifically for certain groups of overlooked elders. By Jane Adler Long ignored but no longer forgotten, seniors with diverse backgrounds are getting their own niche communities. A number of new projects are underway for LGBTQ seniors and members of growing ethnic and religious groups. Of course, niche communities are nothing new. There are retirement campuses for everyone from Hollywood actors to military officers. Many niche properties revolve around special interests such as a love of nature or an interest in the …
The government goes on hiatus, deal size grows, and ORIX shows its dominance. By Matt Valley Despite enduring a federal government shutdown for 35 days that temporarily put a crimp in loan processing, the HUD/FHA Section 232 mortgage insurance program used to finance seniors housing properties rallied to post a solid performance in fiscal year 2019. The volume of loans closed during the 12-month period that started Oct. 1, 2018 and ended Sept. 30, 2019 totaled $3.7 billion. That’s up from $3.6 billion the prior fiscal year. The HUD/FHA Section …