Those worried that independent living might be facing a problem in the form of many vacant units can breathe a sigh of relief, at least for the moment. During the third quarter of 2016, the absorption rate for independent living hit a historic high, according…Read More »
Less than a year after assuming the role of president and chief operating officer at memory care giant Silverado, Shamim Wu has left the company. Wu and Silverado Chairman and CEO Loren Shook mutually agreed upon the separation last week. “Over the last eight months…Read More »
Rising minimum wages, a drastic workforce shortage and increased competition for talent have long-term care executives across the country looking to offset skyrocketing labor costs. Read this free whitepaper for quick and effective staffing tips to control labor costs while meeting residents’ needs. Download these tips today!
The 2016 Senior Housing News Architecture & Design Awards are approaching rapidly and entries are coming in daily. This year’s Senior Housing News (SHN) Awards program, exclusively sponsored by Kwalu, is out to find which owners, operators, designers and architects are defining the future of…Read More »
Chicago-based Ventas Inc. (NYSE: VTR) is providing secured debt financing of $700 million to a subsidiary of Ardent Health Services in connection with its acquisition of LHP Hospital Group, Inc. Ardent is the hospital tenant of real estate investment trust (REIT) Ventas. The deal underscores…Read More »
Kayne Anderson Buys $38 Million Palm Beach Gardens Community An affiliate of Kayne Anderson Capital Advisors, an alternative investment firm that manages more than $23 billion in assets, purchased a newly completed senior housing community in Palm Beach Gardens, Florida, for $38 million, The Real…Read More »
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