Thursday, January 30, 2025
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Industry Voices

DevelopmentIndustry Voices

Infill Seniors Housing Can Give Seniors What They Want, Need

by Jeff Shaw

By Ben Seager, Principal, KTGY American poet and author Maya Angelou said, “Mostly, what I have learned so far about aging, despite the creakiness of one’s bones and cragginess of one’s once-silken skin, is this: Do it. By all means, do it.” Although this is a great axiom for any generation, the baby boomers have revolutionized the seniors housing industry in their quest to not take aging lying down. They want to stay active — in mind, body and spirit — enjoy life, and share time with family and friends. …

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Industry VoicesMemory CareOperationsTechnology

Use Technology, Design to Achieve Senior Living Goals

by Jeff Shaw

By Christian Buesing, director of operations – technology solutions, Direct Supply Technology needs to serve a purpose. In my personal life I am slow to implement new technology into my routine until I know for sure it will serve me well. I am not the guy who has the latest tech toys just for the fun of it. In our industry, superior senior care is demanded. With the current staffing shortage, the technology incorporated into any community needs to improve staff efficiency and resident well-being. There are high expectations for …

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FinanceIndustry Voices

A Mid-Year Look at Seniors Housing Finance

by Jeff Shaw

By Russell Phillips, Regions Bank As a real estate asset class serving the nation’s elderly population, the seniors housing sector was faced with serious challenges during the height of the COVID-19 pandemic. Residents and staff of senior living facilities faced increased risk of illness, various restrictions and an unfortunate loss of life was widely reported in the media. At the same time, many families chose to keep older parents or relatives living with them rather than residing in senior facilities. Combined, these factors led to an overall reduced demand for …

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DevelopmentIndustry Voices

How Biophilic Design Impacts Living Well

by Jeff Shaw

Giving residents a front-row seat to nature has a positive effect on their lives.  By Amy Cheever Throughout history and across cultures, architects have drawn inspiration from nature to emulate a sense of well-being, serenity and connection within their finished space — evoking similar feelings and sensory perceptions as the awe of the natural world. This process is known as the immersive integration of biophilic design, a concept utilized by architects to respond to the innate need of humans to connect to nature through direct and indirect exposure.  Biophilia was …

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Industry VoicesInvestment

The SHB Interview: Arnie Whitman, Executive Chairman, Formation Capital

by Jeff Shaw

Longtime investor seeks technologies that will transform the way seniors and healthcare intersect. By Jeff Shaw Though his career has largely focused on the capital markets end of seniors housing, Arnie Whitman is much more than just a money man. “It’s more about making a difference than making a buck,” he says. Whitman entered the seniors housing industry in 1984 when he was hired to lead an acquisitions team for real estate investor and nursing home magnate Abraham Gosman. The company, Meditrust, was trying to go public. Although Whitman had …

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Industry VoicesInvestment

Question of the Month: Time to Invest?

by Jeff Shaw

How do you know whether to keep your powder dry or jump back into the investment/development markets? Buying, but not building Rick Shamberg Managing Director Scarp Ridge Capital Partners Our firm has taken a bullish approach to the acquisition market in senior living and a more conservative approach to development opportunities. Given the dislocation and interruption stemming from the pandemic, including pressure on sponsors (which in some cases has translated to more reasonable valuations), pent-up demand from consumers, high construction costs for new development, and a general lack of new …

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Industry VoicesOperationsTechnology

EPA’s Clean Air Guidelines Put Pressure on Owners, Operators to Meet the Challenge

by Jeff Shaw

By Marshal Sterio, CEO, Surgically Clean Air There is nothing as important as the air we breathe. But while we can’t live without it, air is sometimes the very thing that makes us sick. From COVID-19 to seasonal allergies and the common cold, so many unpleasant or dangerous illnesses are carried on the air. This makes enclosed indoor spaces particularly treacherous when it comes to staying healthy, as the lack of places for air to escape means contaminated air particles build up over time. Some microbes can live on a …

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Industry VoicesLegal Issues

It’s Time to Reevaluate Your Existing Property Insurance Coverage

by Jeff Shaw

By Chip Stuart, Chief Sales Officer, Hub International The new wave of challenges facing the global economy in 2022 such as inflation, continued supply chain delays, and labor shortages has caused property values to rise, along with the cost of construction. In commercial real estate, the impact of these disruptions is mostly felt in new construction, leaving owners of existing assets likely to benefit from shifting demand. Coupled with rising occupancy, seniors housing property owners could see historically high revenue growth in 2022. On the other side of the coin, …

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Industry VoicesOperations

Senior Care Needs a Business Model Overhaul

by Jeff Shaw

The need for change goes far beyond wages and staffing ratios. By Nate Hamme, Ceca Foundation In his State of the Union address on March 1, President Joe Biden announced new reforms intended to improve resident safety in nursing homes. Skilled nursing facilities (SNFs) would see changes to reimbursements from the Centers for Medicare & Medicaid Services (CMS) under the value-based purchasing model, requiring minimum staffing ratios and additional oversight of providers. The move comes as the industry faces unprecedented challenges in retaining and supporting workers. The pandemic has undoubtedly …

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Industry Voices

How Senior Living Facilities Can Be More Inclusive

by Jeff Shaw

Developing LGBTQ-affirming housing, implementing protections and advocating at the federal level can help serve this growing demographic. By Michael Adams, SAGE Due to lifetimes of discrimination, LGBTQ+ elders face unique challenges that have only begun to be addressed by communities across the country. They’re confronted with significant negative disparities across areas related to physical and mental health, and are more likely to face poverty, be homeless, and grow old alone and isolated.  As LGBTQ+ elders continue to face disproportionate rates of mistreatment, one of the most significant concerns for this …

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