Friday, January 31, 2025
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Industry Voices

Industry VoicesOperations

Become a Champion for Both Residents and Workers

by Jeff Shaw

Operators must transform approaches to the workforce shortage and accommodate the next generation of seniors. By Taylor Mokris From profitability to safety, seniors housing continues to be a story of post-pandemic resiliency. But as all industries enter the so-called “new normal,” seniors housing is no stranger to the challenges of this new reality.  The shift toward a gig economy and the looming retirement of the baby boomer generation both present emerging challenges and opportunities for seniors housing providers. Solving the workforce shortage and rethinking what seniors housing communities can look …

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Industry Voices

The SHB Interview: Joel Nelson, President, CEO, LCS

by Jeff Shaw

From trainee to executive director to CEO, Nelson guides one of the industry’s largest companies. By Jeff Shaw While Joel Nelson may be the definition of a “lifer” with LCS —  starting as a trainee with the company in 1986 and working his way up the ladder — he doesn’t believe that everyone needs to follow in his footsteps to reach the executive ranks. Nelson, now CEO of the company, is both the recipient of a well-planned succession and a big believer in the practice. After taking the reins from …

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AcquisitionsIndustry Voices

Broker Q&A: Transactions Surge Back to Life

by Jeff Shaw

A panel of top brokers discusses the state of M&A activity. Roundtable participants Jay M. Wagner, Vice Chairman, Senior Housing Capital Markets, Cushman & Wakefield Brooks Minford, Director, Berkadia Senior Housing & Healthcare Adam Heavenrich, Managing Director, Heavenrich & Company Brooks Blackmon, Senior Director, Blueprint Healthcare Real Estate Advisors Bradley Clousing, Managing Director, Senior Living Investment Brokerage Charles Bissell, Managing Director, JLL Capital Markets John L. Sweeny Jr., Principal, Partner, Co-Head National Senior Housing, CBRE Ari Adlerstein, Senior Managing Director, Meridian Capital Group Cindy Hazzard, President, JCH Senior Housing Investment Brokerage Mark Myers, Managing Director, Investment Sales, Walker & Dunlop   By Jeff Shaw While COVID is still an issue …

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FinanceIndustry Voices

Question of the Month: Interest Rates

by Jeff Shaw

How has the rise in interest rates in 2022 affected lender and borrower strategies in the seniors housing space? Costs flow downhill By Don Pelgrim CEO Wilshire Finance Partners The rise of interest rates has affected lenders and borrowers, specifically with an increase in both borrowing costs and capitalization rates.  Seniors housing is not immune to the rising costs of goods and services, which may continue to increase until the Fed’s actions take hold and demand is mitigated by higher costs and expenses. Some facilities and communities may need to …

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CCRCDevelopmentIndustry Voices

New Demands are Impacting Design of Life Plan Communities

by Jeff Shaw

By Steven Leone and Richard C. Quinn, Spiezle Architectural Group Over the past several years, design trends have painted an interesting picture for future life plan communities that stray from what we have seen for decades. Life plan communities (previously known as continuing care retirement communities, or CCRCs) are nothing new. But with an older population growing and thriving, these life plan communities (LPCs) are shifting away from the traditional continuum of care-based models to a more independent version of health- and wellness-centric focus with little to no care. This …

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Industry Voices

Visible Culture Creates an Engaged Workforce

by Jeff Shaw

Five key drivers hold the solution to many labor challenges. By Jennifer Sodo Our industry is in an unprecedented time of staff shortages, stress and burnout. A recent OnShift survey of senior living workers indicated that 90 percent of leadership reported high or elevated levels of stress, and 80 percent of caregivers and hourly employees are facing critical levels of burnout.  We know there are a lot of challenges contributing to these numbers, many of which require systemic economic, political and social shifts well beyond the scope of what an …

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Industry Voices

The SHB Interview: Justin Dickinson, Executive VP, Pathway to Living

by Jeff Shaw

As he steps into the role held by industry pioneer Jerry Finis, the former REIT executive pushes back against industry headwinds with a new approach to company structure and data. By Jeff Shaw When Jerry Finis, founder and CEO of Chicago-based owner-operator Pathway to Living, began to consider retirement last year, he knew there would need to be a succession plan. Finis founded the company in the 1990s as the assisted living sector began to evolve into a well-defined asset class. Finis was the only chief executive the company ever …

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FinanceIndustry Voices

Question of the Month: Inflation’s Impact

by Jeff Shaw

What impact is inflation having on seniors housing and how are operators and owners adjusting? Give residents more options By Chuck Hastings Chief Financial Officer Juniper Communities With wages, food, utilities and other costs still rising, we at Juniper have been adding new price options for residents, and new ways of paying for them, to ease the pain for our customers. We’re also thinking about focusing price increases on level of care. With all that said, it seems the odds of a recession this year are rising, so we need …

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Industry Voices

Five Successful Strategies for Boosting Seniors Housing Occupancy

by Jeff Shaw

By Gregory F. Hagood, Senior Managing Director, and Mary Missbach Dressler, Managing Director, SOLIC Capital Partners The senior living sector was among the hardest hit industries of the COVID-19 pandemic. COVID resulted in the double whammy of a rapid drop in occupancy followed by labor shortages that have caused rapidly escalating labor costs. As a result, senior living facilities in even the strongest markets have faced financial challenges, with Moody’s estimating that were 675 municipal bond delinquencies related to senior living facilities over the past two years representing approximate 25 …

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DevelopmentIndustry Voices

The New Wave in Senior Living: Designing for the Younger, Active Resident

by Jeff Shaw

By Connie Wittich, founding principal, Metropolitan Studio Traditionally in the senior living space, we’ve seen the repetition of the same design style. Older, mature, gray and beige hues that complement what we think the older generation may enjoy — a space that matches the maturity of the intended target generation, including the baby boomers.   While understanding your audience is important and there is a time and a place to use this design style, it’s crucial to dig deeper psychologically and understand the 55-plus mind.  Everyone wants to be younger. …

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