CCRC

BBG Seniors Housing Investor Survey Reveals Key Market Trends in 2024

Retrieved on: 
Tuesday, March 5, 2024

DALLAS, March 5, 2024 /PRNewswire/ -- BBG, the nation's largest independent commercial real estate services firm, today released its second annual U.S. seniors housing investor survey.

Key Points: 
  • DALLAS, March 5, 2024 /PRNewswire/ -- BBG, the nation's largest independent commercial real estate services firm, today released its second annual U.S. seniors housing investor survey.
  • This comprehensive report offers valuable insights from prominent market professionals on critical trends anticipated to shape this dynamic alternative asset class in 2024.
  • Conducted in January 2024, the survey garnered crucial insights from key players across the U.S. seniors housing market, including major investors, developers, lenders, and brokers.
  • R.J. DeBee III, Managing Director and National Seniors Housing Practice Leader, commented on the survey: "We are excited to release our annual seniors housing investor survey.

Advarra Hires Clinical Research Industry Veteran Christine Senn to Bring Sites and Sponsors Together, Driving Speed Not Siloes

Retrieved on: 
Tuesday, March 5, 2024

COLUMBIA, Md., March 5, 2024 /PRNewswire/ -- Advarra, the market leader in regulatory review solutions and clinical research technology for sites and sponsors, welcomes clinical industry veteran Christine Senn, PhD, as Senior Vice President, Head of Site-Sponsor Innovation. With extensive site leadership experience and a longstanding personal goal to drive site-sponsor collaboration, Senn will lead Advarra's effort to remove barriers between stakeholders and connect a siloed clinical research ecosystem – ultimately, to accelerate clinical trials.

Key Points: 
  • COLUMBIA, Md., March 5, 2024 /PRNewswire/ -- Advarra , the market leader in regulatory review solutions and clinical research technology for sites and sponsors, welcomes clinical industry veteran Christine Senn , PhD, as Senior Vice President, Head of Site-Sponsor Innovation.
  • She will also drive and oversee the development of innovative ways to bring clinical trial sites and sponsors together in support of Advarra's mission.
  • "Fostering collaboration of all clinical research stakeholders has been important to me throughout my career," said Christine Senn.
  • Onsemble is the industry's largest gathering of clinical research site professionals, including cancer centers, children's hospitals, research consortia, academic medical centers, healthcare systems, and more.

Life Plan Communities Market Estimated to Reach US$ 187.48 Billion by 2030 Globally, at a CAGR of 10.2%, says CoherentMI

Retrieved on: 
Thursday, December 14, 2023

Secondly, the growing trend of wellness and active aging is fueling the demand for life plan communities.

Key Points: 
  • Secondly, the growing trend of wellness and active aging is fueling the demand for life plan communities.
  • Two emerging trends in the Life Plan Communities Market are:
    Emphasis on personalized and customized services: Life plan communities are increasingly focusing on providing personalized and customized services to residents.
  • Continuing Care Retirement Communities (CCRCs) are expected to dominate the Life Plan Communities market during the forecast period.
  • Key players operating in the Life Plan Communities market include Erickson Living, ACTS Retirement Life Communities, Brookdale Senior Living, and Life Care Services.

Life Plan Communities Market Estimated to Reach US$ 187.48 Billion by 2030 Globally, at a CAGR of 10.2%, says CoherentMI

Retrieved on: 
Thursday, December 14, 2023

Secondly, the growing trend of wellness and active aging is fueling the demand for life plan communities.

Key Points: 
  • Secondly, the growing trend of wellness and active aging is fueling the demand for life plan communities.
  • Two emerging trends in the Life Plan Communities Market are:
    Emphasis on personalized and customized services: Life plan communities are increasingly focusing on providing personalized and customized services to residents.
  • Continuing Care Retirement Communities (CCRCs) are expected to dominate the Life Plan Communities market during the forecast period.
  • Key players operating in the Life Plan Communities market include Erickson Living, ACTS Retirement Life Communities, Brookdale Senior Living, and Life Care Services.

Tulsa Community College's Holistic Approach to the Development of Social Capital

Retrieved on: 
Friday, December 8, 2023

The concept of social capital was brought up to me by TCC Science and Aeronautics Assistant Professor Mona Easterling.

Key Points: 
  • The concept of social capital was brought up to me by TCC Science and Aeronautics Assistant Professor Mona Easterling.
  • TCC establishes social capital on its campuses through mentorship programs, workforce partnerships, community engagement, and with initiatives like the American Association of Community Colleges (AACC) Pathways Project and Unlocking Opportunity.
  • TCC is evolving beyond its purpose of providing an affordable, quality education, and is preparing students to establish social capital of their own.
  • Community service increases civic participation, social networks, and builds trust and a sense of belonging for students, all of which are crucial components of social capital.

Seniors Housing and Care M&A Activity Reaches 115 Deals in Q3:23

Retrieved on: 
Monday, October 9, 2023

NEW CANAAN, Conn., Oct. 9, 2023 /PRNewswire-PRWeb/ -- The number of publicly announced seniors housing and care acquisitions in the third quarter of 2023 fell to 115 deals, based on new acquisition data from LevinPro LTC. This represents a 4% decrease from the 120 transactions disclosed in the second quarter of 2023, but an 18% decline from the 140 deals in Q3:22. Q3:23's 115 deals surpass Q3:19's 105 deals, and the average deal total per quarter for 2019 and 2023 (so far) is 115. In addition, the $700 million spent on Q3:23 transactions fell by 46% from the $1.29 billion spent on Q2:23 transactions and by 82% from the $3.87 billion spent in the year-ago third quarter, based on disclosed prices. There has not been a lower quarterly spend recorded in the last ten years.

Key Points: 
  • Seniors housing and care M&A activity fell to 115 publicly announced transactions in the third quarter of 2023, according to data from LevinPro LTC.
  • NEW CANAAN, Conn., Oct. 9, 2023 /PRNewswire-PRWeb/ -- The number of publicly announced seniors housing and care acquisitions in the third quarter of 2023 fell to 115 deals, based on new acquisition data from LevinPro LTC.
  • Q3:23's 115 deals surpass Q3:19's 105 deals, and the average deal total per quarter for 2019 and 2023 (so far) is 115.
  • In addition, annual results of the seniors housing and care acquisition markets will be published this year in the 28th Edition of The Senior Care Acquisition Report.

Mease Life Affiliates With Acts Retirement-Life Communities

Retrieved on: 
Monday, October 2, 2023

Acts Retirement-Life Communities expands in Florida through an affiliation with Mease Life; now manages 27 CCRCs

Key Points: 
  • Acts Retirement-Life Communities expands in Florida through an affiliation with Mease Life; now manages 27 CCRCs
    Under the affiliation agreement, Mease Life has become an Acts affiliate member and part of its network of 27 CCRCs in nine states across the east coast.
  • Acts has successfully completed nine affiliation transactions adding 13 communities over the past two decades, leading the industry's continued consolidation.
  • "We are ecstatic to welcome Mease Life into the Acts family of communities and further expand our presence in Florida, where we've achieved great success with other Acts campuses," said Gerald T. Grant, Acts Chief Executive Officer.
  • "Both Mease Life and Acts are united by a shared commitment to provide the highest quality of retirement lifestyle amenities, services, and care for residents.

PRIM&R Announces New Executive Director

Retrieved on: 
Wednesday, September 20, 2023

“After an extensive search and careful consideration, I am thrilled to announce that Ivy Tillman has accepted the position of Executive Director.

Key Points: 
  • “After an extensive search and careful consideration, I am thrilled to announce that Ivy Tillman has accepted the position of Executive Director.
  • “I am honored to take on the role of Executive Director and work with PRIM&R’s dedicated staff.
  • Elisa A. Hurley, PhD, the second Executive Director since PRIM&R’s founding in 1974, stepped down on August 18 after leading the nonprofit for nine years.
  • Dr. Hurley described her tenure leading PRIM&R as “wonderful, challenging, fulfilling.”
    Dr. Tillman will officially begin her role as PRIM&R’s Executive Director on October 16.

Ziegler Closes $118,330,000 Financing Emerald Heights (WA)

Retrieved on: 
Wednesday, August 30, 2023

Sarkis Garabedian, Managing Director, said "Emerald Heights is a premier life plan community with a strong track record of performance.

Key Points: 
  • Sarkis Garabedian, Managing Director, said "Emerald Heights is a premier life plan community with a strong track record of performance.
  • Ziegler, a specialty investment bank, is pleased to announce the successful closing of the Emerald Heights $118,330,000 Series 2023 Bonds (the "Bonds") through the Washington State Housing Finance Commission.
  • Working with Sarkis and the Ziegler team we accomplished a very successful financing and we couldn't be happier with our partnership with Ziegler."
  • Sarkis Garabedian, Managing Director, said "Emerald Heights is a premier life plan community with a strong track record of performance.

U.S. Post-Acute Market Rebounds, Skilled Nursing Staffing Challenges to Improve after 2024 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 10, 2023

The market is slowly recovering from the impact of the COVID-19 pandemic, which negatively affected skilled nursing facilities (SNFs), continuing care retirement communities (CCRCs), assisted living, and inpatient rehabilitation facilities (IRFs).

Key Points: 
  • The market is slowly recovering from the impact of the COVID-19 pandemic, which negatively affected skilled nursing facilities (SNFs), continuing care retirement communities (CCRCs), assisted living, and inpatient rehabilitation facilities (IRFs).
  • Staffing Challenges: Staffing shortages continue to be the largest challenge across the post-acute market, with a 13% decrease in nursing home employees between February 2020 and December 2022.
  • However, 43% of surveyed SNF professionals predict that skilled nursing staffing challenges will begin to improve after 2024.
  • The report covers various aspects of the post-acute market, including skilled nursing facilities, assisted living communities, continuing care retirement communities, and inpatient rehabilitation facilities.