Sunday, April 20, 2025
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Industry Voices

DevelopmentIndustry Voices

Create Community with Senior Cottages

by Jeff Shaw

By Carl Malcolm, AIA As the senior population in the United States continues to grow, the demand for innovative and community-focused housing solutions rises. According to the U.S. Census Bureau, the number of Americans age 65 and older is projected to reach 80 million by 2040, nearly doubling from the current figure of 47 million. This demographic shift has prompted developers and architects to rethink traditional senior living models, with a particular emphasis on a sense of community and social engagement.  One housing option gaining traction is the concept of …

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FinanceIndustry Voices

A Helpful Guide for Struggling Borrowers

by Jeff Shaw

Owners of distressed seniors housing communities continue face a challenge in refinancing bridge loans due to tightened lending standards and cap-rate uncertainty. However, this month’s long-anticipated Fed interest rate reduction will help shrink the gap between earnings and debt service, offering owners and lenders more flexibility in crafting solutions for distressed loans. One option to meet the debt-service shortfall challenge is for borrowers to explore a loan restructuring with their lender. A restructuring, while unpleasant, may be the best option for both borrower and lender. The other options — litigation, …

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AcquisitionsIndustry Voices

Broker Q&A: Dealmakers See Light on the Horizon

by Jeff Shaw

Roundtable participants Aron Will, Co-Head of Seniors Housing, CBRE Jana Harris, Senior Associate, Evans Senior Investments Ryan Saul, Managing Director, Senior Living Investment Brokerage Cindy Hazzard, President, JCH Senior Housing Investment Brokerage Cody Tremper, Managing Director, Berkadia Seniors Housing & Healthcare Investment Sales Philip Kayden, Executive Managing Director, Blueprint Healthcare Real Estate Advisors Mark Myers, Managing Director, Walker & Dunlop By Jeff Shaw Although seniors housing acquisitions activity has been muted recently, driven largely by the sudden spike in interest rates over the last two years, transaction brokers in the …

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Industry Voices

SHB Interview: Former REIT Executive and Business School Dean, Ray Braun, Leads NIC With Increased Focus on Data, Analytics

by Jeff Shaw

By Jeff Shaw When the assisted living revolution unfolded in the 1990s, Ray Braun was there. A lawyer by trade, he was hired as a vice president and assistant general counsel at active seniors housing investor Health Care REIT in 1993, later promoted to chief operating officer, chief financial officer and then served as president from 2002 to 2009. Now known as Welltower, Health Care REIT was one of the first publicly traded seniors housing investment companies. As of June 1, the company ranked as the largest U.S. seniors housing …

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AcquisitionsIndustry Voices

The Acquisition Window of Opportunity Is Open — But Not for Long

by Jeff Shaw

By Clay Decker The landscape of the real estate industry has been fraught with many challenges over the last several years. From the strain of high interest rates and construction costs to the tightening grip of financial market conditions, many developers have found themselves navigating treacherous waters.  Yet, while some have struggled to traverse the complexities of the market, others have found opportunities by leveraging their adaptability and foresight. Let’s explore the current market dynamics and outline strategies for real estate professionals to capitalize on the window of opportunity in …

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DevelopmentFeaturesIndustry VoicesOperations

It’s Time for The Senior Living Industry to Adapt to a Changing Generation 

by Jeff Shaw

By Joseph Cuticelli, chief operating officer and partner, Phoenix3 Holdings  Charles Darwin’s principle that survival hinges on adaptability rather than strength is more relevant than ever for senior living leaders. The industry sits at a critical juncture, with a rapidly expanding customer base and an often outdated image that no longer resonates with today’s active seniors. Technological advancements in smart homes, delivery services and accessible healthcare have empowered 74 percent of older adults to prefer staying in their current homes or downsizing, as revealed by the 2023 “Unlocking the Future” …

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Industry VoicesOperationsSkilled Nursing

What to Expect from the 2024 CMS Minimum Staffing Rule

by Jeff Shaw

By Diane Marie O’Malley, Partner, Hanson Bridgett LLP In an already difficult recruiting market, long-term care facilities now have the extra burden of complying with the new staffing rules implemented by the Centers for Medicare & Medicaid Services (CMS) and the Department of Health and Human Services. While some facilities already meet these requirements, certainly this will impact bottom lines of those providers who do not meet these standards and thus must start budgeting for this increased cost. On April 22, 2024, CMS issued the Minimum Staffing Standards for Long-Term Care (LTC) Facilities …

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Industry VoicesOperationsPeople

Reimagine Your Staff Retention Strategies

by Jeff Shaw

By Steven Leone, principal, Spiezle Architectural Group Inc.  Staff retention has become a critical issue in today’s evolving work environment. Post-pandemic changes necessitate new strategies to attract and retain employees more effectively. The National Investment Center for Seniors Housing & Care (NIC) published data in May 2022 that showed the annual turnover across primary markets the organization tracks was about 85 percent.  This article explores various methods that we currently use to attract and retain staff. What strategies have worked? What are the financial impacts? Does operational realignment and staff empowerment equal greater engagement?  Today’s workforce …

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DevelopmentIndustry Voices

Operators, Developers Must Consider Solo Agers

by Jeff Shaw

By Dr. Sara Zeff Geber As the baby boomers dip a cautious toe into the waters of senior living, they are looking for a very different experience than their parents.  Developers already know this and have made some changes in building designs and space allocation to meet these changing needs. Operators are making changes in furnishings, amenities, dining options and recreation menus. Those are all good and necessary updates, and will connect with boomers’ desires for independence, autonomy and control in addition to attractive surroundings.  Solo agers: A growing class …

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DevelopmentIndustry Voices

The Benefits of Borrowing from Other Sectors

by Jeff Shaw

How can senior living design benefit from ideas that stem from unlikely markets? By Shannon Remaley The next time you enter a senior living community, take a close look around. You may notice some design features that feel oddly familiar. For example, you might see a reception area akin to a concierge desk, luxury furnishings and materials adorning common areas, or ample amounts of natural light and diverse meeting areas of varying sizes.  Today’s best senior living communities borrow best practices from various markets, including high-end hotels and innovative office …

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