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Webinar: Seniors Housing — Lead Generation Lessons from Active Adult Communities

by Sarah Daniels

  What can traditional seniors housing operators learn from successes in the active adult community segment, especially when it comes to generating interest and inquiries? How can active adult communities improve their own marketings strategies? These were the questions that Seniors Housing Business‘ latest webinar “Seniors Housing — Lead Generation Lessons from Active Adult Communities” sought to answer on Oct. 6. This webinar, sponsored by LeadingResponse, covered the following topics and more when it comes to best practices for marketing in the senior living space: Julie Podewitz, Vitality Living, explains …

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AcquisitionsLouisianaNewsSkilled Nursing

ESI Arranges $30M Sale of Maison de Lafayette Skilled Nursing in Louisiana

by Jeff Shaw

LAFAYETTE, La. — Evans Senior Investments (ESI) has arranged the sale of Maison de Lafayette, a 189-bed skilled nursing community in Lafayette. At a sales price of $30 million, or $159,000 price per bed, the transaction represents the highest price per bed ever sold in Louisiana for a skilled nursing community, according to ESI. Built in 1992 and expanded in 2009 and 2012, the community exhibited a modern physical plant with a unit configuration of 125 private rooms. The community had a history of stabilized performance with census averaging 93 …

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FeaturesNewsSkilled Nursing

NIC: Skilled Nursing Occupancy Increases for Sixth Straight Month

by Jeff Shaw

ANNAPOLIS, Md. — Occupancy at U.S. skilled nursing facilities increased to 75 percent in July 2021 compared to 58 basis points from the previous month, according to NIC MAP data. This marks the sixth consecutive month of improved occupancy rates for the skilled nursing sector. Despite this improvement, occupancy remains below its pre-pandemic level of 85.5 percent in February 2020. The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit data firm, gathers the data from approximately 1,300 individual skilled nursing facilities in 47 states.

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AcquisitionsIdahoNewsOperationsSkilled NursingTexas

The Ensign Group Acquires Operations of Three Skilled Nursing Facilities in Texas, Idaho

by Jeff Shaw

BOISE, Idaho, and TRINITY and DE SOTO, Texas — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of two skilled nursing facilities in Texas and one in Idaho. The portfolio includes: River Pointe of Trinity Healthcare and Rehabilitation Center, a 98-bed skilled nursing facility located in Trinity; Park Village Healthcare and Rehabilitation, a 150-bed skilled nursing facility in De Soto; Skyline Transitional Care Center, an 80-bed skilled nursing facility located in Boise. The acquisitions are subject to a long-term, triple-net lease. This acquisitions bring Ensign’s portfolio to 245 …

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AcquisitionsConnecticutNewsSkilled Nursing

SLIB Negotiates Sale of 62-Bed Skilled Nursing Facility in Plainfield, Connecticut

by Jeff Shaw

PLAINFIELD, Conn. — Senior Living Investment Brokerage has arranged the sale of Villa Maria Nursing and Rehab, a 62-bed skilled nursing facility in Plainfield. The seller was a private owner looking to divest ownership of the asset, while remaining employed within the industry. The buyer is a New England-based owner-operator. Villa Maria represents its third community in Connecticut and is also strategically located within its current Connecticut footprint. The price was not disclosed. Dave Balow of SLIB handled the transaction.

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Industry VoicesLegal IssuesSkilled Nursing

Certificate of Need Laws and Nursing Facilities: The Good, the Bad and the Ugly

by Jeff Shaw

State-by-state comparisons do little to solve the correct future for this complicated issue. By James Tellatin, Integra Realty Resources It is not surprising that states with certificate of need (CON) laws for skilled nursing facilities (SNFs) have higher occupancy than states without CON requirements, or moratoriums on new beds. Occupancy States Without Certificate of Need (8)                                                       74.7% States With Certificate of Need                                                                 80.7% States With Skilled Nursing Facility Moratorium and No CON (9)                82.4% Source: 2019 Certification and Survey Provider Enhanced Reports (CASPER) The central question surrounding certificate of need …

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CCRCDevelopmentIllinoisNewsSkilled Nursing

Smith Senior Living Completes $23M Skilled Nursing Modernization at CCRC in Chicago

by Jeff Shaw

CHICAGO — Smith Senior Living has completed a $23 million modernization at Smith Village, a continuing care retirement community in Chicago’s Morgan Park neighborhood. The project quadruples the number of private suites and rooms for rehabilitation and skilled nursing care residents by reducing its licensed beds to 78 from 100. Smith also built a three-story addition that houses therapy areas and dining rooms. Planning for this project began in 2017 and construction was accelerated because tradespeople were named essential workers during the pandemic, making this wing ready for total occupancy …

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AcquisitionsNewsRhode IslandSkilled Nursing

Tryko Partners Buys 120-Bed Skilled Nursing Facility in North Kingstown, Rhode Island

by Jeff Shaw

NORTH KINGSTOWN, R.I. — Tryko Partners has acquired Scalabrini Villa, a 120-bed skilled nursing facility in North Kingstown, located along Narrangansett Bay south of Providence. The seller and price were not disclosed. “The acquisition of Scalabrini Villa further grows our investment footprint in New England, specifically within the desirable Rhode Island marketplace,” says Uri Kahanow, Tryko’s director of acquisitions. “North Kingstown’s enviable demographics and deep regional hospital network added to this opportunity’s appeal.” Within a three-mile radius of Scalabrini Villa, the elderly population, median household income and median housing values …

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AcquisitionsAssisted LivingMassachusettsNewsSkilled Nursing

Blueprint Brokers Sale of Skilled Nursing, Assisted Living Community in Northbridge, Massachusetts

by Jeff Shaw

NORTHBRIDGE, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a seniors housing campus featuring 154 skilled nursing beds and 26 assisted living units in the Worcester suburb of Northbridge. The community, which was not named, was built in 1970 on 13 acres. It totals 93,000 square feet following expansions in 1995 and 2005. Owner-operator Salmon Health and Retirement sold the property as a non-core community in its portfolio. A Massachusetts-based investor acquired the asset for an undisclosed price.

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AcquisitionsFloridaNewsSkilled Nursing

SLIB Negotiates Sale of 120-Bed Skilled Nursing Facility in Lakeland, Florida

by Jeff Shaw

LAKELAND, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed skilled nursing facility in Lakeland, located between Tampa and Orlando. The asset was de-licensed by the state in 2017 but was allowed to re-open in early 2020 to accommodate COVID residents. The operator was provided a new license and the seller, a publicly traded REIT, elected to divest of the asset as it was nearly vacant after the initial COVID wave subsided. SLIB represented the buyer, Mainstay Senior Living, which bought the adjacent assisted living …

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