Tuesday, November 26, 2024
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Blueprint Arranges New Tenant at The Lodge at Bear Creek in Grapevine, Texas

by Jeff Shaw

GRAPEVINE, Texas — Blueprint Healthcare Real Estate Advisors has arranged the placement of a new tenant at The Lodge at Bear Creek in Grapevine. The Lodge at Bear Creek was built in 2016 and is licensed for 100 beds of skilled nursing and short-term rehabilitation. Grapevine is an affluent suburb approximately 21 miles northwest of Dallas, and the facility benefits from being near two prominent regional hospitals. The owner, ServiceStar Capital Management, sought to reposition the asset with a new operator. A Utah-based management company, Eduro Healthcare, was selected as …

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From The MagazineOperations

Nonprofits Unite

by Jeff Shaw

The pandemic has proven that scale matters as the big not-for-profit providers get bigger and follow through on expansion plans. By Jane Adler Like their for-profit counterparts, nonprofit senior living providers face many of the same pandemic-related market dynamics. Consolidation is accelerating amid losses at troubled properties. The labor shortage is a big challenge. Communities are slowly starting to recover as occupancies inch upward. And inexpensive capital is still available, at least for the big providers whose expansion plans are moving forward.  “We’re growing,” says Terri Cunliffe, president and CEO …

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Ingrid Svensson staffing technology
CCRCContent PartnersIndustry ContentOperationsPeopleSkilled NursingTechnology

Streamlining Workflows in Post-Acute Care via Electronic Health Record Software

by Sarah Daniels

Balance and efficiency in seniors housing have always been the hardest-to-achieve goals of the post-acute care continuum. Electronic health record (EHR) software, integrated with existing technologies, can both promote consistency and save staff time. Once fully integrated, care platforms can create a cascade effect where purpose-built technologies improve the system of care: easier interfaces improve health records, analyze resident data and predict problems before they happen. Better records and data analytics save staff time and effort, so they can focus on improving care. Applying Technology to Post-Acute Issues Post-acute EHR …

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FinanceIndustry ContentInvestmentOperationsVideosWebinars

Webinar: Seniors Housing Valuation: What’s Ahead For 2022?

by Sarah Daniels

  Where are seniors housing valuations today and what might 2022 hold for the industry? These were the most pressing topics of the “Seniors Housing Valuation: What’s Ahead for 2022?” webinar, hosted by Seniors Housing Business and sponsored by V&IG. With alternative sources of capital, a clearer look at what deals may work or not and an expectation of rebounding occupancy and construction starts, seniors housing is starting to garner investor interest across the board. What trends might the coming year bring for industry players? Part of the appeal of the asset class …

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CaliforniaNewsOperationsUtah

ISL to Manage Five Communities in Utah, Southern California

by Jeff Shaw

CARLSBAD, Calif. — Integral Senior Living, an operator based in Carlsbad, has been selected to manage five senior living communities in Utah and Southern California. The properties include: Escalante at Draper in Draper, Utah, owned by MedCore Partners. Meadow Gardens of Menlo Park in Menlo Park, Calif., owned by Griffin-American Healthcare REIT III. Vista Terrace of Belmont in Belmont, Calif., owned by Griffin-American Healthcare REIT III. The Palms at La Quinta Assisted Living and Memory Care in La Quinta, Calif., owned by Columbia Pacific Advisors. The Palms at Bonaventure Assisted …

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Active AdultDevelopmentNewsOperationsTennessee

Greystar to Manage Album Indian Lake Active Adult Community in Hendersonville, Tennessee

by Jeff Shaw

HENDERSONVILLE, Tenn. — Greystar has been awarded management of Album Indian Lake in the Nashville suburb of Hendersonville. Avenida is currently developing the property. “Album Indian Lake is an active adult community, providing an active lifestyle for likeminded adults in a similar life stage; this doesn’t exist in Hendersonville currently,” says Ally Hackney, senior regional property manager. “There is a need for this type of housing as we see more and more active adults looking to right-size their living environment, live a maintenance-free lifestyle and meet new friends within a …

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FeaturesNewsOperationsTechnology

Smart Tech Implementation Can Make Operations More Efficient, Say Webinar Panelists

by Jeff Shaw

Implementing technology is a tricky proposition for seniors housing operators. Will the return justify the expense? Will staff learn and use the technology? Will residents use it and like it? Perhaps most importantly, will it drive more efficiency and allow fewer employees to do more during a labor crisis? If a purchase is to be worthwhile, the answer to all of those questions should be “yes.” That was the message of panelists on a recent webinar entitled “Rethinking Seniors Housing Resident Engagement — Technology that Improves Staff Efficiencies while Enhancing …

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NewsOperations

Diversified Healthcare Trust Transitions 107 Communities to 10 New Operators

by Jeff Shaw

NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC) has completed the management transitions for 107 communities within its senior housing operating portfolio (SHOP). Management was transitioned to 10 regionally focused operators. The transitions were completed as part of the agreement between DHC and Five Star Senior Living Inc. (NASDAQ: FVE) to move communities out of Five Star’s operational portfolio. One additional community, located in Delaware, was closed. The moves result in Five Star completely exiting the skilled nursing sector. The company still operates 140 seniors housing communities, with 120 of …

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CaliforniaNewsOperationsPeople

Kisco Senior Living Hires Daizel Gasperian as Executive Director of Emerald Court in Anaheim

by Jeff Shaw

ANAHEIM, Calif. — Kisco Senior Living has recently hired Daizel Gasperian as the executive director of the company’s Emerald Court community in Anaheim. Gasperian brings 28 years of experience in the senior living industry to her new role, with over two decades specifically in administration for companies like Silverado, Kindred Healthcare and Life Care Centers of America. She has received multiple awards for her accomplishment in operations including Community of the Year, Excellence in Management, Excellence in Financial Management and President’s Award. Gasperian’s expertise has previously centered in turning around …

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FeaturesNewsOperations

Webinar Panelists: Labor Challenges, Vaccine Mandates Require Creative Hiring Strategies

by Jeff Shaw

Hiring challenges have become a nationwide issue across industries, but seniors housing operators may be among the worst hit. First, the COVID-19 pandemic scared many prospective workers away from the industry. Then many stayed home to take care of children who couldn’t attend school, bolstered by enhanced unemployment benefits. Now many operators are faced with a difficult decision: Should they mandate COVID-19 vaccines among their staff, adding more difficulty to the staffing situation but better protecting residents from the deadly virus? This was the topic discussed on a webinar entitled …

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