Industry Voices

With so much disruption, where are the best opportunities for savvy seniors housing owners and operators? Keep your head down By Michael Hartman Principal, Active Living Capitol Seniors Housing The challenges facing development in seniors housing are largely the result of two factors that sit outside the normal supply/demand fundamentals that dictate the health of the sector: capital markets dislocation and construction cost inflation.  While rents are higher across the board, they haven’t risen enough to compensate for the increase in construction costs. Eventually, the symptoms that caused the broader …

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By Ray Yancey and Janice Sanada, LRS Architects The seniors housing industry is constantly evolving to meet the needs of residents. The baby boomer generation is quickly becoming the largest demographic of the seniors housing community, and their demands significantly differ from their predecessors. Whereas previous generations embraced designs where seniors housing communities were isolated from the broader community, baby boomers desire a melding of suburban and urban elements, such as entertainment venues, restaurants, professional business services and retail spaces. They also want these amenities to be closer. Blending these …

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By Steven Leone and Richard Quinn, Senior Living Principals, Spiezle Architectural Group Perhaps no other sector has faced as many challenges throughout the pandemic as senior living. Providers in the industry have had to adapt to unprecedented circumstances and design new solutions to achieve success. As the industry enters a post-COVID environment, it is necessary to evaluate the state of the senior living market and continue to innovate in order to adapt to change. For the fifth consecutive year, Spiezle Architectural Group Inc. hosted the “Aging Forward: What’s Next?” roundtable. …

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By Glen Collins, founder of Autside Encouraging active lifestyles for aging seniors is important to supporting their health and overall well-being. For residents in senior living communities, playing outdoor games is a stimulating way to stay physically and mentally active, socialize with others and enjoy nature — all of which can positively impact quality of life and even improve longevity. Sedentary seniors: A dangerous stereotype As people grow older, their bodies experience various changes that can impact the ability to stay active. There is a common misconception that aging seniors …

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By Philippe Saad, Principal, DiMella Shaffer Mention senior living to people and the images evoked are often less than exciting, especially for those who value both an independent and connected life. The pictures that come to many minds are often ones of isolated living with marginal interactions beyond other residents and occasional family visits.  Even in a multi-generational household with parents living with their children and possibly grandchildren, the loss of independence can lead to feelings of isolation and depression, even with the energy of three-generational living. It may sound …

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Longtime, dynamic industry executive formerly of Holiday, Longview Senior Housing and Brookdale is ‘wired’ to build companies. By Jeff Shaw Thilo Best has worked for several heavyweight companies in the seniors housing industry, but the reason he never stays in one place too long is simple: If he’s not creating value and growing a business, he’s no longer interested. “I like to build companies and projects more than I like to run them,” says Best. “If I’m in building mode, I really enjoy it. If I’m just running the day-to-day, …

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What are innovative operators doing to create additional revenue streams? Impress the whole family By Jennifer Dixon CEO JD Solutions Group The most innovative operators are investing in creating curated experiences that reflect the interests and needs of not only their residents, but also their residents’ family members. From expanded dining choices and spa services to tech-enabled healthcare options, these operators offer standout communication, services and programs. Even better, communities with these enhanced offerings have stronger sales and occupancy performance. Across the continuum of senior living, from active adult to …

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Despite a turbulent economy, many lenders have continued to put money into seniors housing as the industry’s demographics and metrics improve. Roundtable participants Michael Gehl  Chief Investment Officer, FHA Lending  NewPoint Real Estate Capital Scott Blount  Senior Managing Director VIUM Capital Bill Lewittes  Managing Director, Head of Loan Originations Kayne Anderson Real Estate Michael Coiley  Managing Director CIT Healthcare Finance Ryan Stoll  National Director of Seniors Housing and Care Bellwether Enterprise Real Estate Capital Ari Adlerstein Senior Managing Director, Co-Head of Seniors Housing Meridian Capital Group Lawrence Brin Managing Director, …

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By Taylor Mokris and Kim Huffstutler In this market, with the twin difficulties of persistent inflation and interest rate hikes, it can be a challenge to find the right real estate investment. However, as lenders work with developers, owners and operators to make deals and find quality investments, there’s one real estate sector no savvy investor should overlook: seniors housing. Now is an opportune time for new and repeat lenders alike to have conviction around their commitment to this asset class. Not only does seniors housing have strong underlying fundamentals …

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By Ali Sareea, CTO, Glennis Solutions Back in the mid 1970s, Business Week boldly predicted the advent of the “paperless office.” It was a concept that made sense because computers were becoming commonplace for the first time, and functions such as accounting and record-keeping were perfectly suited for digitization. As it turned out, however, the amount of paper used in business doubled between 1980 and 2000 despite major advances in technology. Over the last two decades, many industries have replaced paper-based processes with digital tools, but senior living has been …

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