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Webinar: The Great Squeeze — Vanishing Seniors Housing Operating Margins

by Sarah Daniels

    Operating margins are shrinking, with cap rates becoming harder to calculate and in-place cash flows lower than pre-pandemic levels. The Sept. 22 webinar “The Great Squeeze — Vanishing Seniors Housing Operating Margins” focused on the bottom line for industry owners and operators. The panel discussion, hosted by Seniors Housing Business and sponsored by Valuation & Information Group, sought to shed light on valuation impacts, debt, interest rates and equity. “In the early months of the pandemic, interest rates decreased. Cap rates for well-performing senior housing projects hit new lows. Meanwhile, …

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CCRCNewsOperationsTexas

The Buckingham in Houston Names Philip Jacob as Executive Director

by Jeff Shaw

HOUSTON — The Buckingham, a continuing care retirement community in Houston, has named Philip Jacob as its new executive director. Jacob joined the community as a health care administrator in 2011, and mostly recently served as interim executive director. He brings several years of experience from SavaSeniorCare’s Houston properties. Under his tenure, the community earned and continues to receive a five-star rating from the Centers for Medicare and Medicaid Services (CMS). The healthcare center continues to achieve the highest clinical outcomes in the city and received deficiency-free surveys in 2015 …

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Company NewsNewsOperationsPeople

Bridgewood Launches Aspenwood Management Company, Hires Heather Tussing to Lead

by Jeff Shaw

HOUSTON — Bridgewood Property Co. has officially launched The Aspenwood Company, an operator with a focus on the Southeast and Central U.S. Bridgewood has hired Heather Tussing as president of the new, Houston-based Aspenwood. She brings over 20 years of experience in operations, sales, compliance and marketing in senior healthcare services, most recently serving as both chief operating officer and vice president of sales for Morning Pointe Senior Living. “The formation of The Aspenwood Company with Heather’s highly respected leadership provides a strategic alignment of our current and future business,” …

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NewsOperationsPeople

Ridgeline Management Hires Chris Dover as Chief Financial Officer

by Jeff Shaw

ROCKWALL, Texas — Ridgeline Management Co. has hired M. Christopher Dover as chief financial officer. Dover is a healthcare financial operations executive with 22 years of experience in the healthcare industry, including general acute care hospitals, medical groups, senior living and medical imaging. Areas of expertise include healthcare finance and accounting, physician practice management, senior living finance and healthcare business valuations. Dover has previously served as chief financial officer for hospitals and healthcare systems ranging from Holdenville General Hospital, a community hospital in Oklahoma early in his career, to large, …

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Industry VoicesOperationsTechnology

How Technology Can Help Operators Prepare for the ‘Silver Tsunami’

by Jeff Shaw

By Brad Frasher, Executive Vice President, Glennis Solutions There’s no question that digital technologies will have new and increasingly important roles to play in nearly every aspect of senior living. But with the complex regulatory and safety environments in which senior living providers operate, as well as the unique combination of managing properties and resident care services, selecting and implementing the right assisted living software isn’t always straightforward. Seniors housing operators must be thoughtful about the technologies they choose to invest in to ensure that they achieve the highest return …

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Assisted LivingIndustry ContentLegal IssuesMemory CareOperationsPeopleSkilled NursingTechnologyVideosWebinars

Webinar: Modernizing Seniors Housing Care — Simplifying Workflows for Caregivers through Technology

by Sarah Daniels

  On Sept. 8, Seniors Housing Business hosted a panel discussion called “Modernizing Seniors Housing Care — Simplifying Workflows for Caregivers through Technology” where four seniors housing industry experts spoke about streamlining and improving resident care. Tech innovations were the focus of the webinar. What tools and data help most when it comes to senior care? Listen to hear in-depth discussions on the topics and more: The latest trends in technology-enabled senior care How technology can help simplify workflows and increase productivity The importance of machine learning to drive more proactive …

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AcquisitionsCaliforniaNewsOperations

REMM Group Takes Over Management of Valley View Villas in Garden Grove, California

by Jeff Shaw

GARDEN GROVE, Calif. — The REMM Group Multifamily Management Co. has taken over operations at Valley View Villas Senior Apartment Homes in the Orange County city of Garden Grove. The luxury seniors housing community features 178 units and joins three other properties that The REMM Group manages. “We have an exciting renovation of the beautiful property underway,” says Sara D’Elia, CEO of The REMM Group. “The common areas are being enhanced with a new flooring, a fresh paint palette, furniture and lighting. A full exterior painting is underway and in …

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Industry VoicesOperations

How to Design a Robust Dining Program

by Jeff Shaw

Active adult communities can increase wellness and foster community with a holistic approach to food. By Jami Mohlenkamp The 96 million Americans over age 55 are fundamentally changing the expectations for active adult communities. Baby boomers are demanding something more — something different — than what was available for their own parents.  One of the most impactful ways operators can adjust to meet the needs of this massive generation of people looking to get more out of their coming years is to reevaluate their food program. Active adult communities intentionally …

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Industry VoicesOperations

Become a Champion for Both Residents and Workers

by Jeff Shaw

Operators must transform approaches to the workforce shortage and accommodate the next generation of seniors. By Taylor Mokris From profitability to safety, seniors housing continues to be a story of post-pandemic resiliency. But as all industries enter the so-called “new normal,” seniors housing is no stranger to the challenges of this new reality.  The shift toward a gig economy and the looming retirement of the baby boomer generation both present emerging challenges and opportunities for seniors housing providers. Solving the workforce shortage and rethinking what seniors housing communities can look …

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Assisted LivingNewsOperationsVirginia

Watercrest Hires Marsha Sottung as Executive Director of Community in Moseley, Virginia

by Jeff Shaw

MOSELEY, Va. — Watercrest Senior Living Group has hired Marsha Sottung as executive director of Watercrest Richmond Assisted Living and Memory Care in Moseley. Watercrest Richmond is currently under construction and preparing to welcome residents this fall to the 98-unit luxury senior living community. Sottung was the youngest assisted living administrator in the state of New York at the age of 21. For the past 30 years, she has served in various roles as a certified nursing aide, operations director and regional manager.

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