Thursday, May 8, 2025
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Industry Voices

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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Active AdultDevelopmentIndustry Voices

The SHB Interview: Michael Hartman, Capitol Seniors Housing

by Jeff Shaw

Real estate investor carves out a niche in the active adult sector. By Jeff Shaw Michael Hartman believes in active adult housing. The demographics are just too good. The demand is so much greater than the supply. It’s just a matter of giving the people what they want, he says. “I’m known in my company as the guy who will die on that hill.” In 2003, Hartman co-founded seniors housing investment firm Capitol Seniors Housing (CSH), which has built or acquired 116 private-pay seniors housing communities in the 20 years …

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DevelopmentFinanceIndustry VoicesInvestment

Question of the Month: Inflation

by Jeff Shaw

How is persistently high inflation impacting investment and development activity in the seniors housing space? An economic double whammy By Chris Blanda Senior Managing Director  VIUM Capital This a well phrased question because both inflation and, in turn, high interest rates have doubled down to restrict development activity.  It’s been a compounding effect that has moved several major levers to the economic viability of development projects in the wrong direction. Inflation has pushed development budgets and operating cost budgets up, while high interest rates have pushed construction leverage points down, …

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AcquisitionsIndustry Voices

Lender Q&A: Capital Providers See ‘Positive Trends’

by Jeff Shaw

Strong demographics and — hopefully — an end to interest rate increases make for a strong return for seniors housing lending. Roundtable participants Steve Kennedy Executive Managing Director  VIUM Capital Michael Gehl  Chief Investment Officer, FHA Lending NewPoint Real Estate Capital Don Kelly  Senior Managing Director Locust Point Capital Bill Lewittes  Senior Managing Director,Loan Origination, Real Estate Kayne Anderson Alex Loo  Director Hudson Realty Capital Perry Freitas Managing Director Hudson Realty Capital Michael Coiley Managing Director, Healthcare Finance First Citizens Bank Ken Assiran Managing Director, Seniors Housing CFG By Jeff …

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Active AdultDevelopmentIndustry Voices

The SHB Interview: Ben Burke, Managing Partner, Headwaters Group

by Jeff Shaw

Seniors housing veteran launches active adult development firm in the Southwest. By Jeff Shaw Ben Burke cut his teeth as an executive at two major seniors housing owner-operators, Spectrum Retirement Communities and Anthology Senior Living, the latter of which is the seniors housing arm of developer CA Ventures. But, as so often happens with individuals who possess an entrepreneurial spirit, he got the itch to run his own company. At the end of 2021, he left Anthology and launched active adult developer Headwaters Group in early 2022. “I felt like …

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DevelopmentFinanceIndustry Voices

C-PACE Works — Try It, You’ll Like It.

by Jeff Shaw

By Jason Schwartzberg In 1971, Alka-Seltzer, the two-white-tablet packet that helps relieve heartburn, launched a commercial set in a neighborhood bistro where a waiter persuaded a man to sample a new dish. The actor explains: “Came to this little place. Waiter says, ‘Try this, you’ll like it.’ What’s this? ‘Try it, you’ll like it.’ But what is it? ‘Try it, you’ll like it.’ So, I tried it. Thought I was going to die. Took two Alka-Seltzer.” The actor concludes the spot by declaring: “Alka-Seltzer works. Try it. You’ll like it.” …

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Industry VoicesOperations

Question of the Month: Ancillary Services

by Jeff Shaw

What are the biggest areas of opportunity in ancillary services in seniors housing? Dining presents opportunities By Andrew Agins Partner Evolve Senior Living An interesting opportunity for ancillary revenue is to curate an elevated dining experience for our residents.  We will always offer the traditional menu that is included in the base rent. However, for an additional fee, we can design a special dinner for a smaller subset of residents.  For example, our chef can prepare a progressive tasting menu or a steakhouse night.  If residents opt in, they can …

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Affordable HousingDevelopmentIndustry Voices

Tackling Affordable Housing: An Architect’s Perspective

by Jeff Shaw

By Ed Cadavona, Managing Partner, AO With a growing need and rising costs, building affordable housing continues to be a major challenge in the Golden State, California. The demand for housing exceeds current supply with the California Department of Housing and Community Development (HCD) estimating the need for 2.5 million new homes over the next eight years, with approximately 1 million designated for lower-income households.  The issues are complex, requiring the state, cities, developers, financiers, communities and architects to come together to overcome the deficit of affordable housing for families …

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Industry VoicesTechnology

Senior Living Managed Wi-Fi Market to Exceed $1B by 2029

by Jeff Shaw

By Adlane Fellah, Chief Analyst, Maravedis LLC The U.S. population continues to age rapidly, and this aging boom has a multifaceted impact on the seniors housing industry.  Baby boomers make up an increasingly large share of the senior population, and they are living longer and healthier lives than the generations before them. The National Investment Center for Seniors Housing & Care (NIC) estimates over 600,000 additional units will be needed by 2029 to maintain the current penetration rate.  In this article, we look at some connectivity trends based on our …

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Affordable HousingDevelopmentIndustry Voices

The Way Forward: A Developer’s Vision for Affordable Seniors Housing

by Jeff Shaw

By Joy Silver The scarcity of affordable housing is already a prominent crisis in communities across the United States, and it is even more acute and pronounced for seniors — a population that often finds themselves overlooked and underserved. How did we get here and what’s the best way to bring solutions to the table? Demographic shifts and “the 2030 problem” The demographic landscape of the United States is undergoing a significant shift, with baby boomers constituting the nation’s fastest-growing subpopulation. By 2030, every single baby boomer will be 65 …

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