Friday, January 31, 2025
Read the Magazine Subscribe

Industry Voices

Industry VoicesLegal IssuesSkilled Nursing

Certificate of Need Laws and Nursing Facilities: The Good, the Bad and the Ugly

by Jeff Shaw

State-by-state comparisons do little to solve the correct future for this complicated issue. By James Tellatin, Integra Realty Resources It is not surprising that states with certificate of need (CON) laws for skilled nursing facilities (SNFs) have higher occupancy than states without CON requirements, or moratoriums on new beds. Occupancy States Without Certificate of Need (8)                                                       74.7% States With Certificate of Need                                                                 80.7% States With Skilled Nursing Facility Moratorium and No CON (9)                82.4% Source: 2019 Certification and Survey Provider Enhanced Reports (CASPER) The central question surrounding certificate of need …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentIndustry Voices

CCRC Model is Changing for the Better

by Jeff Shaw

Opportunities are available in renovating old stock and building niche communities. By Richard Ackerman Upheaval in the continuing care retirement community (CCRC) market is changing the assumptions and opportunities that fueled the senior living trend for over 40 years. Today’s investors can find new opportunities at two ends of the spectrum — redevelopment of aging CCRCs and new development of smaller-scale CCRCs in upscale niche markets. With conventional private equity financing hard to come by, creative approaches, including structuring CCRCs as nonprofits, offer a proven path to bring communities to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesOperations

Question of the Month: Operator Replacements

by Jeff Shaw

Are owners replacing third-party operators at a faster rate than in the past and, if so, what’s driving the trend?   Consider multiple factors By Wendy Nowokunski Co-Founder, President Northbridge Companies There has been an uptick in replacing third-party management companies. The questions that need to be asked are: Why and at what cost? Oftentimes, investors and owners attribute non-performance of an asset or assets solely to the operator without asking critical questions. Is it a market issue, the product itself, the labor market, or does the on-site management need …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIndustry Voices

A Year to Remember for Founders of VIUM Capital

by Jeff Shaw

Fledgling firm manages to close over $750 million in deal volume during first year. By Matt Valley In April, VIUM Capital celebrated its one-year anniversary, no small feat considering the firm was launched during the COVID-19 pandemic. Led by industry veterans Kass Matt and Steve Kennedy, formerly of Lancaster Pollard, VIUM Capital provides financing to the seniors housing and healthcare sector.  More specifically, VIUM Capital offers FHA/HUD and proprietary bank bridge financing and has partnered with a large Midwestern-based lender to provide loans backed by Fannie Mae and Freddie Mac. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesInvestment

The SHB Interview: Michael Gordon, Harrison Street

by Jeff Shaw

Investor sees a bright future in seniors housing. By Jeff Shaw Harrison Street, a Chicago-based investment management firm, has made its name by specializing in alternative assets — focusing on seniors housing, student housing, medical office, life sciences, data centers and self-storage.  Through privately managed funds, the investor built an impressive portfolio. Harrison Street owns more than 200 communities totaling approximately 28,000 units, of which 35 percent are independent living, 45 percent are assisted living and 20 percent are memory care.  The American Seniors Housing Association (ASHA) ranked Harrison Street …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIndustry Voices

What’s Next for Senior Living Amenities in a Post-Pandemic Era?

by Jeff Shaw

By Mike Arbour, JHP Architecture / Urban Design In a study conducted by JLL in early 2020, prior to the start of the COVID-19 pandemic, the seniors housing sector posted its highest transaction volume in four years during the first quarter of 2020 and a record-setting occupancy rate of 88 percent. With the wide variety of independent living and assisted living options to choose from, the industry was on track for a profitable year. What a difference two quarters can make. According to data from the National Investment Center for Seniors Housing & Care (NIC) …

Continue Reading
1 FacebookTwitterLinkedinEmail
Industry VoicesTechnology

Four Tech Trends for Your Next Seniors Housing Project

by Jeff Shaw

By Derek Jones, Deputy Technology never stops evolving. Many senior living operators are striving to implement the latest tech in current or upcoming projects. This is especially true following the COVID-19 pandemic. We can all remember the havoc caused by the lockdowns and the feeling of powerlessness in most industries. There is an urgency to leverage the latest technology to ensure the senior living industry is performing to its full potential. Here are four technology trends rapidly making their way into senior living projects. 1.   Telehealth Telehealth is now, more …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesOperationsTechnology

Robots to the Rescue?

by Jeff Shaw

Technology can replace some functions in senior living, but not human connection. By Serena Lipton, JLL Valuation & Advisory Services “The COVID-19 crisis has created a tremendous opportunity for the industry to evolve into a new set of realities. More than ever, innovative, resident- and cost-centric technology solutions are front and center.” — Mel Gamzon, principal, Senior Housing Global Advisors Without a doubt, advancement in technology has quickly become one of the most relevant trends in the seniors housing industry. Adapting to these trends is crucial for companies that want …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesOperations

The SHB Interview: Chip Gabriel, Executive Chairman, Generations LLC

by Jeff Shaw

Regional operator keeps it in the family.  By Jeff Shaw It’s rare to encounter a company whose name is fitting on several levels, but that’s exactly the case with Generations LLC, an Oregon-based owner and operator. For starters, the name reflects the elder generation that occupies its communities. Secondly, the company also believes in implementing multigenerational experiences for its residents, such as onsite daycare and amenity spaces open to the public. Thirdly, it is also a family-owned company, featuring multiple generations of founder Wendell White’s family. That family tree includes …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry Voices

Question of the Month: Home Health’s Impact on Seniors Housing

by Jeff Shaw

Does the government’s increased emphasis on home health pose a threat to the seniors housing industry? Plan benefits all care models By Paul A. Gordon Partner Hanson Bridgett LLP The Biden plan to provide funding for home- and community-based care is not a threat to the senior living industry, and may present an opportunity for growth.  Most senior living providers are private pay and do not serve the Medicaid population to which the Biden plan funds are directed, so they are unlikely to lose customers to better-funded home care providers. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts