Tuesday, March 4, 2025
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Operations

IllinoisNewsOperationsPeople

Lifespace Communities Names Elijah Heyboer as Executive Director at GreenFields of Geneva 

by Jeff Shaw

GENEVA, Ill. — Lifespace Communities has promoted Elijah Heyboer to executive director at GreenFields of Geneva, a senior living community in Geneva, approximately 40 miles west of Chicago.  Heyboer originally joined Lifespace as administrator of the GreenFields’ health center in March before becoming interim executive director in September.  Prior to joining Lifespace, Heyboer served as human resources director at Park Place of Elmhurst, a Providence Life Services senior living community, before becoming healthcare administrator, where he oversaw subacute rehab, long-term care, assisted living and memory care.  Heyboer earned a bachelor’s …

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DevelopmentIndustry VoicesOperations

Opening a Community Takes More Than Meets the Eye

by Jeff Shaw

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 …

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ConnecticutNewsOperations

LCB to Assume Management of The Hearth at Glastonbury in Connecticut

by Jeff Shaw

GLASTONBURY, Conn. — LCB Senior Living has taken over management of The Hearth at Glastonbury in Glastonbury, just southeast of Hartford.  The community will be renamed The Residence at Glastonbury. Further details on the property were not disclosed. LCB Senior Living has eight senior living residences across Connecticut, including in Avon, Darien, South Windsor, Rocky Hill, Stamford, Suffield and Westport.

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MassachusettsNewsOperationsSkilled Nursing

ESI Arranges a Lease Transaction for a Massachusetts Skilled Nursing Portfolio

by Jeff Shaw

MASSACHUSETTS — Evans Senior Investments (ESI) has negotiated a new tenant for an institutional landlord in the state of Massachusetts, finalizing a five-year lease for a 500-bed skilled nursing portfolio. The portfolio comprises five communities. Prior to the onset of COVID-19, the portfolio exhibited a stabilized annual revenue of $46 million and a census of 90 percent. At the time of marketing, the portfolio was 76 percent occupied and losing over $2 million in net operating income annually. However, the portfolio’s strong historical performance highlighted great potential to bring occupancy …

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AcquisitionsAssisted LivingNewsOperationsTennessee

Distinctive Living Takes Over Operations of The Village at Bellevue in Nashville

by Jeff Shaw

NASHVILLE, Tenn. — Distinctive Living has assumed management of The Village at Bellevue, an assisted living and memory care community in Nashville. The community features 69 units, including an 18-bed secured memory care neighborhood. New Jersey-based Distinctive Living currently operates 26 communities and has 20 under development via its development services platform (Distinctive Living Development LLC).

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Seniors Housing Construction Trends
Active AdultAffordable HousingContent PartnersDevelopmentFeaturesFinanceIndustry ContentInvestmentOperations

What’s to Come: An Optimistic Outlook for Seniors Housing

by Sarah Daniels

By Berkadia Seniors Housing & Healthcare Like many sectors within the commercial real estate (CRE) industry, the seniors housing market faced headwinds over the past year, largely due to tightening financing conditions and widespread economic uncertainty. However, based upon research and anecdotal evidence from the clients and companies we serve in the seniors housing space, we believe the sector is well positioned to bounce back and generate positive operating results for the remainder of 2023 and into 2024. View a higher resolution version of the construction trends graph above here. Fundamentals …

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Assisted LivingFeaturesIndustry ContentMemory CareOperationsPeopleSkilled NursingTechnologyVideosWebinars

Webinar — Inside the Resident Room: In-Unit Data Helps Seniors Housing Operators Improve Safety & Increase Profitability

by Sarah Daniels

  The Oct. 17 webinar “Inside the Resident Room: In-Unit Data Helps Seniors Housing OperatorsImprove Safety & Increase Profitability“ focused on how resident room data can help seniors housing operators improve patient outcomes and reduce operating costs. During this brief, one-hour discussion, seniors housing industry experts talked about some of the most challenging and important topics facing the world of senior living: staffing crises, ballooning costs, data gathering tactics and increasing resident safety while maintaining their privacy. Listen in to learn more about senior living technology and its role in fall prevention, …

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AcquisitionsCompany NewsNewsOperations

AgeWell Solvere to Manage 14-Property Sonata Portfolio, Merge Leadership Teams

by Jeff Shaw

NORTH PALM BEACH, Fla. — AgeWell Solvere Living, a North Palm Beach-based operator, has assumed management of the entire, 14-property portfolio of Sonata Senior Living. The move will function as a merger, integrating both organizations’ leadership teams. The merger of management and leadership teams is aimed at enhancing the quality and depth of support and offerings that the combined company will provide to investors, residents and team members. The company will continue to operate out of its offices in North Palm Beach and will retain the Sonata Senior Living office …

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FeaturesNewsOperations

InterFace Panel: Attracting Boomers, Incentivizing Workers Are Top Priorities for Operators

by Jeff Shaw

As operators build back occupancy post-pandemic, they’re also drawing up new blueprints for success. Operators are trying to figure out what baby boomers want in a senior living community. A renewed emphasis on customer service is critical. New marketing strategies are embracing the latest technology, even artificial intelligence. “Brand” and “culture” are two words that operators bring up over and over again.  While the labor crunch has eased a bit, operators are still shorthanded. Effective recruitment and retention practices are vital for sound operations. Happy employees make for happy residents …

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CCRCIllinoisNewsOperations

The Admiral at the Lake in Chicago to End Affiliation with Kendal Corp.

by Jeff Shaw

CHICAGO — The Admiral at the Lake board of directors has announced it intends to end its affiliation and become an independently operated continuing care retirement community. The property is located near Montrose Beach in Chicago’s Uptown neighborhood. “The board of directors worked closely with expert advisors, our stakeholders and the management team to analyze the opportunities that exist for The Admiral at the Lake under a variety of scenarios,” says Laura McKee, board chair. “With this new path forward, we will continue to provide elevated senior living services to …

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