Industry Voices

FinanceIndustry Voices

With a Seniors Housing Crisis on the Horizon, Creative Financing is Key

by Jeff Shaw

By Jessica Johnson, BOK Financial In the United States we’re on the verge of a senior living boom. In less than 10 years, by 2030, all baby boomers — totaling about 73 million people — will be older than age 65, according to the United States Census Bureau. With that boom comes a crisis in seniors housing. Owners, operators and investors face multiple challenges going forward, such as labor shortages, consolidation, inflation and rising costs, including for new construction — all while revenues have not kept pace. Even as the …

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Industry VoicesOperationsTechnology

How Technology Can Help Operators Prepare for the ‘Silver Tsunami’

by Jeff Shaw

By Brad Frasher, Executive Vice President, Glennis Solutions There’s no question that digital technologies will have new and increasingly important roles to play in nearly every aspect of senior living. But with the complex regulatory and safety environments in which senior living providers operate, as well as the unique combination of managing properties and resident care services, selecting and implementing the right assisted living software isn’t always straightforward. Seniors housing operators must be thoughtful about the technologies they choose to invest in to ensure that they achieve the highest return …

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Industry VoicesOperations

How to Design a Robust Dining Program

by Jeff Shaw

Active adult communities can increase wellness and foster community with a holistic approach to food. By Jami Mohlenkamp The 96 million Americans over age 55 are fundamentally changing the expectations for active adult communities. Baby boomers are demanding something more — something different — than what was available for their own parents.  One of the most impactful ways operators can adjust to meet the needs of this massive generation of people looking to get more out of their coming years is to reevaluate their food program. Active adult communities intentionally …

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Industry Voices

Seniors Housing Needs Long-Term Tax Care

by Jeff Shaw

Follow these steps to stop excessive property tax assessments. By J. Kieran Jennings In a nation that has faced a host of new challenges since the pandemic began, the seniors housing sector has carried one of the heaviest burdens. COVID-19-related mortality risk for those 85 years old or older is 330 times higher than for those 18 to 29 years old, according to the Centers for Disease Control and Prevention (CDC).  Notwithstanding those odds, 51 percent of all seniors housing properties including independent care, assisted living and skilled nursing reported …

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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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