Skilled nursing operators and the senior living sector as a whole are benefiting from improving economic conditions and "healthy demand," according to a new report from California-based commercial real estate brokerage Marcus & Millichap.
Assisted living communities continue to make a terrible first impression on prospective customers, university program findsSeptember 15, 2014
Assisted living communities consistently do not make a good first impression with prospective customers, and they haven't improved this skill set in the last decade, according to data from George Mason University in Virginia.
Skilled nursing edges toward 90% occupancy, absorption rate makes first gain in nearly a decade, NIC data showsApril 14, 2014
Skilled nursing facilities' occupancy rate continued to tick up in the first three months of 2014, while absorption flipped into positive territory for the first time in almost a decade, according to the latest quarterly figures from the National Investment Center for the Seniors Housing & Care Industry.
High-profile long-term care veterans have teamed up to create a new senior housing investment advisory group based in Chicago.
An uncertain economy is making it difficult for investors and operators to anticipate what kind of senior housing will be most in demand as baby boomers age, according to a prominent economist.
Increasing demand for long-term care means that operators can realize solid returns on new construction, but they must gauge the potential for success on a market-by-market basis, according to the leader of the National Investment Center for the Seniors Housing & Care Industry.
Operators must create a great experience for the physician, but patient flow should be a two-way street. While meeting the needs and wishes of residents must always come first, there can be multiple ways to strengthen the relationship.
Many states are not prepared to meet seniors' needs as they grow older and should look at more housing assistance that can accommodate them, suggests a new report.
Berkadia Commercial Mortgage recently originated funding that totals $61.7 million. The capital will cover seniors housing properties in California, Oregon, Texas and Virginia. "We were very pleased to work with one of the premier operators of assisted living communities in the nation on securing financing for these properties," said Lisa Lautner, a senior vice president in Berkadia's Senior Housing Group who arranged refinancing for Alpine Springs, an assisted living campus in Eugene, OR., and Carriage Inn, an independent living facility in Portland, TX. "We were able to work with Freddie Mac to structure and deliver loans that supported the borrower's investment objectives and timeline."
Capitol Hill is losing a champion of affordable housing for low-income seniors with the retirement of Rep. Barney Frank (D-MA), says one nursing home group.
Occupancy rates in senior housing showed strong improvement during the first quarter of 2011, growing 0.2% from the previous quarter and 0.6% over the same quarter a year ago. This represents the fourth consecutive quarter that the rate has risen, according to data released Thursday by the National Investment Center for the Senior Housing & Care Industry.