New tax breaks could incentivize building in certain markets and regions.
Industry Voices
Newly appointed executive says stabilizing portfolio’s occupancy is her No. 1 goal. By Matt Valley In January, Kimberly Lody succeeded Larry Cohen as CEO of Dallas-based Capital Senior Living Corp. (NYSE: CSU), one of the nation’s largest operators of seniors housing communities. Cohen retired at the end of 2018 after a 19-year run as chief executive and 21 years with the company. Lody is no stranger to the inner workings of Capital Senior Living. For the past five years, she has served on Capital Senior Living’s board of directors. Most …
Development, design strategies can allow for high-quality senior living on a budget. By Russ Garber, Andrew Piletz and Nicole Boyer Ninety-year-old Lee Wachtstatter has been in the news many times over the last few years, as reporters have covered her decision to avoid traditional senior living facilities and instead live permanently on a cruise ship after the death of her husband. There are a number of remarkable things about Ms. Wachstatter’s decision, but perhaps the most eye-opening is the fact that the cost of her seagoing lifestyle is, by many …
Program development, site assessment among critical elements for project planning. By Frank R. Muraca, ARCH Consultants Site assessment and land due diligence are essential activities in the early stages of the development process. Just as a market demand study is critical to demonstrate the need for program development, site assessment is critical for project site planning. An appropriate amount of property evaluation may uncover important issues that significantly affect the development schedule and financial planning assumptions. The required breadth and depth of investigation varies depending on the scope of program …
What will the seniors housing resident of 2030 look like? Expect a more active, diverse senior By Brenda Bacon, President & CEO, Brandywine Living They will probably be more diverse, and likely to be listening to the Beach Boys and Marvin Gaye rather than big bands and Frank. They will have little interest in our structured activities and near-zero interest in anyone deciding what and when they will dine. You’ll run into them in the hallway on the way to the yoga studio, the pub or the indoor pool. They might restart …
HJ Sims finance veteran tries to get ahead of a shifting financial landscape. By Jeff Shaw A wide variety of factors are affecting the landscape of seniors housing finance, and they come from both within and outside the industry. Factors range from the Tax Cuts and Jobs Act signed into law by President Trump in 2017 to Medicare/Medicaid reimbursement changes in skilled nursing to affordability concerns for poor and middle-class seniors. Jeff Sands, managing principal and general counsel for Fairfield, Connecticut-based lender HJ Sims, has experienced a lot in his …
By welcoming the surrounding community, operators can offer a better amenity package at great value. By Lisa Stover, Presto Real Estate Services With the rapid increase in the number of senior housing communities opening nationwide, it is imperative to find a point of difference that will attract residents to your buildings. Unique in-house offerings are one way to look at creating a point of difference. But another, arguably more effective, way is to build a strong sense of community by connecting with the larger local community outside the walls of …