Industry Voices

The SHB Interview: Dwayne Clark, Founder and CEO, Áegis Living

by Jeff Shaw February 9, 2021

Eclectic owner-operator tries to bring fresh eyes to senior living. By Jeff Shaw At first, Dwayne Clark wasn’t particularly interested in seniors housing. Of course, this was in the mid-1980s “before assisted living was assisted living,” as he put it. But with some encouragement from his sister, he joined West Coast senior living trailblazer Leisure Care. After a stint with another industry giant, Sunrise Senior Living, Clark decided he wanted to start his own company and launched Áegis Living in 1996. In the years since, Áegis has grown from a …

February 9, 2021

Is Now a Good Time to Invest in Senior Living?

by Jeff Shaw February 9, 2021

Sector has proven to be more resilient than others during the pandemic. By Dale Watchowski In 2020, the U.S. economy contracted dramatically due to the COVID-19 pandemic, with many industries negatively impacted, including senior living. However, few real estate sectors have proven more resilient in times of turmoil than seniors housing. Since the 2008 recession, seniors housing has outperformed many other types of real estate and has established itself as a compelling asset class for investors. An underpublicized attraction of seniors housing is its rising utilization. Americans are living longer …

February 9, 2021

Industry Voices

Question of the Month: Overcoming COVID Challenges

by Jeff Shaw February 9, 2021

As the vaccine rolls out, what are some of the challenges you have overcome related to the COVID-19 pandemic? Financing, construction hit snags By Andrew Agins Senior Vice President of Revenue and Asset Management Anthology Senior Living Capitalizing a new development deal has been challenging during the pandemic due to tight capital markets. Equity partners tend to work with developers they know and trust. Banks will lend only to projects with experienced operators and strong sponsorships. Maintaining a safe job site is another challenge. At our current projects, an on-site …

February 9, 2021

Industry Voices Investment Legal Issues

Private Equity Faces Challenges and Opportunities Amid COVID-19

by Jeff Shaw February 1, 2021

By Michael Okaty and Mark Scimeca, Foley & Lardner The private equity investment landscape for seniors housing has, like so many things this year, been profoundly disrupted by the ongoing COVID-19 pandemic. From 2016 through the third quarter of 2019, private buyers, including private equity, have consistently provided the greatest investment in the seniors housing industry, outpacing public, institutional and cross-border investment and averaging $1.5 billion per quarter. The outlook early this year was bright for private equity investment generally. With investors seeking higher returns, private equity funds going into …

February 1, 2021

Features Industry Voices Technology

How to Stay One Step Ahead of Increasing Technology Needs

by Jeff Shaw January 26, 2021

A smarter tech strategy requires a future-flexible network. By Deanna MacCormac, Corning Optical Communications Telehealth, resident tablet programs, touchless building automation, reliable high-speed Internet, campus-wide communications, remote-monitoring, wearables, sanitation robots — all of these technologies are becoming an important part of the senior living conversation. The right technology can help keep communities safer, happier, healthier, connected and operating more efficiently. Though many communities understand why they may need to bring a new technology into their space, they are often faced with the challenge of how to do so. Time to …

January 26, 2021

Industry Voices

The Key to Stabilizing the Seniors Housing Industry Isn’t a Vaccine — It’s a More Agile Business Model

by Jeff Shaw January 19, 2021

By Jess Madison, contributing writer on aging It’s no secret that residents of long-term care facilities have been the hardest hit during the coronavirus pandemic. While the coronavirus’ impact on nursing homes is most commonly referenced in news reports, the virus has hit assisted living and other long-term care facilities similarly hard. Statistics show elder-care residents account for some two in five U.S. deaths, and that one in 20 residents has already died from the virus. On one hand, it makes sense: Long-term care facilities are home to some of …

January 19, 2021

Active Adult Industry Voices Operations Technology

COVID Reveals Opportunities for New Industries to Serve Older Adults

by Jeff Shaw January 5, 2021

The pandemic has turned some technologies from optional amenities into operational necessities. By Jonathan Gould, K4Connect COVID has brought countless industries to a halt and caused companies to rethink how they continue to meet the needs of their customers while surviving the ongoing impacts of this pandemic. We’ve seen in-person meetings shift to virtual platforms, small businesses implement new e-commerce options, and restaurants add curbside delivery and pickup services for restaurants. Innovation is taking on new, promising forms that serve the customer where they are. This innovation wave is also …

January 5, 2021

Industry Voices Operations

Lessons Learned for Moving Residents In and Out

by Jeff Shaw December 18, 2020

Nine months of shifting COVID-19 protocols have revealed many new best practices. By Bob Burg, Moves for Seniors (NOTE: This article is intended to summarize many of the lessons learned during Phase I of COVID-19, and that are driving the seniors housing industry through another surge as we enter 2021.) The COVID-19 pandemic has demanded an evolution in the approach to protecting at an-risk audience. Because we work with multiple operating companies and communities nationally, Moves for Seniors has a great vantage point to see what’s being done and what’s …

December 18, 2020

Industry Voices Operations

A Guide to Overcoming the Pandemic

by Jeff Shaw November 23, 2020

The secret to beating COVID-19 may have less to do with PPE and testing, and more to do with processes, design and mission. By Donna Moore In late January, the first case of novel coronavirus was confirmed in the U.S. Previously unheard of, COVID-19 dominated nightly newscasts. By February, seniors were dying in nursing homes. This coronavirus was seemingly more contagious than anything seniors housing operators had ever faced. We regularly control infections and wear personal protective equipment (PPE). COVID-19 was different Immediately, my senior leaders at Park Springs in …

November 23, 2020

Industry Voices Operations Technology

How Do We Protect Seniors from Airborne Particles?

by Jeff Shaw November 23, 2020

Technology such as needlepoint bipolar ionization can help keep residents safe. By Julie Fields Seniors housing occupancy rates have hit an all-time low. The National Investment Center for Seniors Housing & Care (NIC) announced that the average occupancy rate for seniors housing properties fell 2.8 percent between the first and second quarters of 2020. According to NIC, the second-quarter rate of 84.9 percent is the lowest occupancy rate the organization has ever recorded. While it’s easy to cast the blame for this occupancy drop on COVID-19, the truth is the …

November 23, 2020

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