From The Magazine

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 addition to lighting and HVAC can be controlled via the internet. Now, that same technology is increasingly being employed in senior living as a way to increase resident well-being and improve a community’s operating efficiencies and bottom line. It’s called IoT, or the Internet of Things, a phrase that defines …

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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 implementing an ESG (environmental, social and governance) strategy. Enacting concrete policies to address the desired goals in these areas, then tracking and reporting results to stakeholders, is a time- consuming and costly process. For background, the “environmental” piece of the equation relates to how a company operates in a way …

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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 for seniors housing. “If you look back just a year ago, you had banks that were awash in deposits, had strong liquidity levels, strong capital positions and were really focused on robust loan growth. The bank balance sheet growth at that time was near historical levels,” said Zach Shulkin, vice …

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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 27 seniors housing communities under third-party contracts, with 19 of its own ground-up projects in some phase of development through its affiliate company, Distinctive Living Development. The company, based in Freehold, New Jersey, plans to have an ownership stake in all its own development endeavors. Those 27 communities total 2,881 …

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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 crowd that leads an active lifestyle and embraces fun and fitness, resembles traditional multifamily properties in two important ways: Active adult doesn’t offer the extra layer of services associated with standard seniors housing or the medical aspects of skilled nursing. Investors in active adult properties praise the high occupancy rate …

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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 and acquisitions are moving forward as big providers partner with single-site operators to realize economies of scale. Meanwhile, regional providers are targeting nearby opportunities. The goal: an add-on to the portfolio within driving distance. Other growth strategies include expansions of existing properties, development of satellite campuses and the addition of …

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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 year (FY) 2022. Annual lending volume fell to $2.95 billion from $3.94 billion the prior year, a 25 percent drop. The number of transactions also decreased from 328 to 269, an 18 percent decline.  “The biggest surprise in 2022 was not that interest rates went up, but how drastically and …

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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 “no-go” decision on whether to build a seniors housing community. But those studies — which factor in everything from demographics and cost of living to competition in the marketplace to the difficulty of navigating the entitlement process — have become even more important in recent years as new headwinds buffet …

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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 years has been especially fast. From the temporary and permanent changes during the COVID-19 pandemic to the national labor shortage hitting this sector particularly hard — all against the backdrop of a massive wave of demand coming from the baby boomers in the near future — there are plenty of …

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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 unusual at the time. Essel Bailey Jr. founded the company in 1992, but had few assets to show — $400,000 in cash and a contract to buy 37 skilled nursing facilities for $120 million. Omega was started in a manner similar to what today is known as a special purpose …

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