Industry Voices

It’s Time for Providers, Aggregators to Come Together

by Jeff Shaw November 27, 2023

By Stephen Anderson Let’s say the quiet part out loud: providers and aggregators just aren’t friends. In theory, the relationship between aggregator and provider is mutually beneficial, funneling prospective families right to the doorstep of communities that have spaces to fill. It’s a common and attractive route to growth that’s been proven to work in countless industries. From travel to real estate to insurance, marketplaces for high-value, experiential products exist for a very simple reason: They make the discovery process easier for consumers. A recent Seniorly study revealed that almost …

November 27, 2023

Opening a Community Takes More Than Meets the Eye

by Jeff Shaw November 27, 2023

Make sure the operator and general contractor work together as residents move in. By Chad Suitonu You, as the owner/developer of a brand new senior living community, just finished the grueling construction effort. Now it’s time to hand the building over to your senior living operator and sit back and make some rent money. But wait a second — your job as owner is not over yet. You’ll be involved with the project for months to come as the operator (specifically the executive director and facility manager) take over the …

November 27, 2023

Industry Voices

The SHB Interview: Fee Stubblefield, Founder, CEO, The Springs Living

by Jeff Shaw November 27, 2023

Executive with diverse background leverages a family history of hospitality to serve residents. By Jeff Shaw Fee Stubblefield’s resume definitely will make a reader do a double take. He owns a hot springs resort, is a cattle rancher, is on the verge of publishing his first book and is founder of a seniors housing firm that develops, owns and operates communities — all with no college degree. Stubblefield grew up helping with the family business, Lehman Hot Springs, a resort approximately 250 miles east of Portland in Umatilla County, Oregon. …

November 27, 2023

Industry Voices

Question of the Month: Industry Recovery Process

by Jeff Shaw November 27, 2023

Where is the industry currently at in the recovery process? A period of soul searching By Talya Nevo-Hacohen Chief Investment Officer Sabra Health Care REIT The industry is well into its occupancy recovery, but margin recovery is still out of reach. Emerging out of the economic challenges of the pandemic, the industry is confronting dislocation in the capital markets and shifts in valuation that are not temporary. And finally, the industry is trying to figure out how to be relevant to the baby boomer generation, which will demand customized experiential …

November 27, 2023

Industry Voices Operations

Dedication to Servant Leadership is the Key to Senior Living’s Recruitment Challenges

by Jeff Shaw October 4, 2023

By Earl Parker Recruitment and retention of talented individuals is one of the greatest challenges facing the senior living industry right now. The COVID-19 pandemic placed enormous pressures on the healthcare and senior living industries, forcing millions of professionals to change employers or careers entirely. With demand for senior care increasing daily, it is essential that providers rethink their strategies for recruitment and focus on the cultural characteristics that have become increasingly important for today’s workforce. Today’s workforce wants value, they want purpose, they want to be servant leaders. What …

October 4, 2023

Industry Voices Operations

Unlock the Hidden Value of Business Operations

by Jeff Shaw October 4, 2023

By Seth Walker When I was brought aboard SRI Management by CEO Don Bishop, I was determined to prove the immense value that lies within business operations. To make this happen, I knew I needed to start by introducing tools that better measured key aspects of the operations and in as close to real-time as possible. As an operator and third-party manager, I’ve discovered that improved business operations can drive significant savings and add value for owners and investors. Focus on the business aspects Traditionally, senior living has revolved — …

October 4, 2023

Finance Industry Voices Legal Issues

Don’t Let Assessors Use Finance Valuations for Taxes

by Jeff Shaw October 4, 2023

By Steve Nowak, Esq. Appraisal methodologies for financing seniors housing properties factor in more than real estate to produce amounts that exceed property-only value. That means seniors housing owners may be paying real-estate taxes on non-real-estate assets. Everyone can agree that a senior living operation — whether independent living, assisted living, memory care, skilled nursing or some combination — consists of a variety of assets. There are real estate assets (the land and building); personal property assets like furniture and kitchen equipment; and intangible business assets such as the work …

October 4, 2023

Industry Voices

The SHB Interview: Traci Taylor-Roberts, CEO/President, Sodalis Senior Living

by Jeff Shaw October 4, 2023

By Jeff Shaw When Traci Taylor-Roberts took the reins at Sodalis Senior Living in 2020, her goal was to grow the company. And grow it did. During her first two years at the helm, the operator went from nine communities in Texas to 24 across Texas, Florida and Georgia. The company has been on the Inc. magazine list of the 5,000 fastest growing companies list for two years running. Companies on the 2023 Inc. 5000 are ranked by percentage revenue growth from 2019 to 2022, according to the magazine. “This …

October 4, 2023

Acquisitions Industry Voices

Broker Q&A: Dealmakers Accept the Challenge

by Jeff Shaw October 4, 2023

Roundtable participants Alex Florea, Managing Director, Blueprint Healthcare Real Estate Advisors Ross Sanders, Managing Director, Investment Sales, Berkadia Senior Housing & Healthcare Ryan Saul, Managing Director, Senior Living Investment Brokerage John Sweeny Jr., Co-Head National Senior Housing, CBRE Jay Jordan & David Kliewer, Grandbridge Real Estate Capital Cindy Hazzard, PresidentJCH Senior Housing Investment Brokerage Ken Carriero, Senior Vice President, Colliers Bill & Madison Meiser, CEO, COO, WMRG Real Estate Andrew Wittenauer, Senior Associate, Helios Healthcare Advisors By Jeff Shaw We all know the factors by now that are slowing transaction …

October 4, 2023

Acquisitions Industry Voices

Question of the Month: The Bid-Ask Gap

by Jeff Shaw October 4, 2023

Are you seeing a narrowing of the bid-ask gap or indications that the investment market is thawing? Stabilization is coming By John Sweeny Co-Head, National Senior Housing CBRE We are seeing the early stages of a narrowing of the bid-ask spread as the consensus view is forecasting higher benchmark rates for longer (there’s no pending Fed cut in the short term), as owners think through decisions surrounding debt maturities or expiring caps, fund maturities or their time value of money calculus. We expect pricing for the balance of the year …

October 4, 2023

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