ANNAPOLIS, Md. — Some of the largest REITs and lenders in the seniors housing space have announced support for a new initiative to track actual rents in seniors housing communities, a project spearheaded by the National Investment Center for Seniors Housing & Care (NIC).
Operations
By Bradley Harris, CEO and founder, Bradley Harris & Associates The seniors housing industry has always faced challenges in both recruiting and retaining top talent, particularly among front-line staff such as caregivers, nurses, mid-management and similar roles. But now the labor market is tightening and — as the number of seniors requiring care continues to skyrocket —recruitment and retention has become a top concern in the industry.
Signature HealthCARE Acquires Operations of 18 Care Capital Properties Skilled Nursing Facilities
by Jeff Shaw
LOUISVILLE, Ky. — Signature HealthCARE LLC, a Louisville-based skilled nursing operator, has acquired the operations of 18 skilled nursing facilities from Elmcroft Senior Living Inc. for an undisclosed price. Care Capital Properties (CCP), a Chicago-based skilled nursing REIT, owns the facilities, all but one of which are located in Kentucky.
Revenue Management Will Help Seniors Housing Become ‘Smarter Industry,’ Says Holiday’s Hsiao
by Jeff Shaw
By Matt Valley Seniors housing operators need to take a page from the playbook of the airline and hotel industries and implement revenue management systems to adjust rates weekly based on supply and demand, says Kai Hsiao, president and CEO of Holiday Retirement. The Lake Oswego, Ore.-based company is the largest operator of independent living properties in the country with over 300 properties and more than 35,000 apartment units in 43 states.