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Category: Senior housing

Capital Senior Living Buys Assisted Living Community from Pulliam

Capital Senior Living has purchased assisted living and memory care community Dillon Pointe in Spartanburg, South Carolina, from Pulliam Investment Company. 

The sale was arranged by Cassidy Turley Executive Managing Director Allen McMurtry. 

The property was purchased by a Capital Senior Living Affiliate. It was built in 1996 and was renovated in 2010; it has 55 beds and had near 100% occupancy at the time of sale, according to Cassidy Turley. 

Aviv REIT Acquires Four Skilled Nursing Communities for $20 Million

Aviv REIT Inc. (NYSE: AVIV) acquired four post-acute and long-term care skilled nursing facilities in two separate transactions for $20 million. The facilities are located in Texas and Illinois. 

One of the properties is located in Texas and is triple-net leased to Fundamental Long Term Care, an existing Aviv operator. The three other SNFs are located in Illinois and are operated by another existing Aviv operator, Bridgemark Healthcare, also under a triple-net lease. 

The investments have a blended initial cash yield of 9.9%, annual escalators and initial lease terms of seven and 10 years, respectively, according to the company. 

“Our relationship-oriented growth strategy continues to produce accretive acquisitions, as Fundamental and Bridgemark brought both of these transactions exclusively to us,” said Craig M. Bernfield, chairman and CEO of Aviv. “Fundamental is a new operator relationship for us this year, and with this transaction, they are now our seventh largest operator.”

Aviv Closes Acquisition of $43 Million Senior Housing Portfolio

Aviv REIT acquired two long term care properties in two separate transactions totaling $43 million. One of the properties is located in Minnesota and includes a post-acute and long-term care skilled nursing facility, an assisted living facility and an independent living facility. The second property is a long term care skilled nursing center located in Texas. 

The Minnesota campus is triple-net leased to new Aviv operator Mission Health Communities which operates 15 facilities in four states. The Texas property is triple-net leased to existing Aviv operator Trinity Healthcare, which operates four facilities in Texas.

The investments have a blended initial cash yield of 9.7%, annual escalators and initial lease terms of 10 years, according to Aviv REIT. 

“We are off to a great start in 2014 and our pipeline is very strong,” said Craig M. Bernfield, chairman and CEO of Aviv. “We are excited that we are able to continue to convert our pipeline into accretive acquisitions with attractive yields.” 

New Buyer Enters Senior Housing Market with $5.6 Million Purchase

New senior living market entrant Memory Care America purchased 50-unit assisted living community Windsor Place in Naples, Florida for $5.6 million from a partnership operated by Sovran Management. The transaction was facilitated by Senior Living Investment Brokerage and is subject to Department of Housing and Urban Development insured financing assumed by the buyer at the close of escrow. 

The property will be managed by Superior Residences of Perry, Florida. It has a cap rate of 3.7% and a census of 80%; which the operator plans to improve through a dedicated focus on memory care services. 

Care One REIT Sells SNF to Florida Reliance Properties for $12 Million 

Care One REIT sold skilled nursing facility the Woods of Manatee Springs Nursing Center in Bradenton, Florida for $12.2 million. The buyer was Florida Reliance Properties, which secured an interim loan through Monroe & Giordano used to execute a purchase option and position the property for eventual permanent Department of Housing and Urban Development financing. 

The 72,000 square foot property is set on nearly 13 acres; it contains 120 units including eight private rooms with total occupancy at 89%. Payor mix among residents is 2.5% private, 21% Medicare, 67% Medicaid and 9.5% other, according to the companies. The facility was built in 1985 with a major renovation in 1995 and additional planned renovations following the closing.

The property includes a resident activity room, therapy/gym room, hydro therapy, swimming pool, dining room and pond adjacent to the site.

The Woods of Manatee Springs will continue to operate the property under a new lease with the new owner. 

Summit Healthcare REIT Completes First Acquisition Under New Name

Summit Healthcare REIT, Inc., formerly known as Cornerstone Core Properties REIT has completed its first acquisition under the new name. The REIT acquired a 40-unit assisted living facility in Redding, California for $3.5 million in late December. The facility was built in 1992. 

The community, at 26,000 square feet, has been triple-net leased to a Compass Senior Living affiliate, the new operator of the community, pursuant to a 10-year term, according to Summit. 

“We are very pleased to start a relationship with Compass and confident we will experience a lot of success together in the future” said Kent Eikanas, President and Chief Operating Officer of Summit Healthcare.

NHI Completes Sale of 3 Texas Skilled Nursing Facilities for $18.5 Million 

National Health Investors, Inc. (NYSE:NHI) has complete the sale of 3 skilled nursing facilities in Texas to an affiliate of Fundamental Long Term Care Holdings, LLC for $18,491,000.

The facilities include a total of 484 beds, and have an average age of 41 years.

According to NHI, cash rent to NHI for 2013 for the three communities was $2.1 million after allocations under the amended master lease. NHI plans to defer recognition of any tax gain on the sale and continues to lease 4 skilled nursing facilities to Fundamental. 

Senior Living Investment Brokerage Tallies Strong 2013 Transaction Volume

Senior Living Investment Brokerage has announced its full-year tally of senior housing and skilled nursing deals for 2014 for a total of 55 transactions. 

The company expects a strong pace to continue in 2014, with a favorable sellers’ environment. 

“The continued effect of the low interest rate environment has had a major impact on market pricing for seniors housing assets throughout the past year,” said the firm. “While REITs and private equity investment funds have been dominant players in the multiple-property portfolio sales, low interest rates, lack of inventory and the aging demographics have created aggressive pricing for individual property transactions as well. We experienced a significant increase in the average price per unit for assisted living facilities and price per bed for skilled nursing facilities throughout 2013.”

FNR Buys Indiana Skilled Nursing Facility for $13 Million 

FNR Healthcare Group, a Chicago-based private equity firm, has acquired Fort Wayne, Indiana-based Woodview Healthcare, a skilled nursing facility, for $13 million. 

The transaction was facilitated by Senior Living Investment Brokerage. 

The community contains 128 beds and 37,000 in square footage including a 1,500 square foot therapy gym. The property was built in 1970 and has benefited from ongoing cap-ex investment. 

The seller was an assisted living owner/operator who had purchased the facility because of its location next to his assisted living community. He sold Woodview after selling his senior housing portfolio, according to Senior Living Investment Brokerage. 

FNR is partnering with a regional operator to manage the skilled nursing facility. Woodview currently has an 84% occupancy rate with a payor mix of 43% private pay; 20% on Medicaid; and the remaining 37% Medicare.  — EE

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Senior housing newcomer Avanti Senior Living entered the market last fall with the announcement it would be breaking ground on two new high-end properties in Texas: Avanti at Towne Lake-Cypress and Avanti at Vision Park in The Woodlands/Shenandoah, both just north of Houston.

As both developer and operator of the new communities, Avanti’s development team says it takes a somewhat unique approach to site selection in that it considers not only the real estate, but how the site is likely to perform from an operations standpoint—from the prospective resident to his or her adult child. 

In addition to the communities announced in the fourth quarter of 2013, Avanti announced this week it is moving forward on seven new sites in 2014 that the company hopes will boost its presence nationwide. 

We sat down with Avanti’s Chief Operating Officer Lori Juneau-Alford, to hear more about Avanti’s plans in the coming year. 

Q. What additional markets is Avanti entering in 2014?

A The first will be built in Texas, at Flower Mound, a planned community founded in the 1970s as the nation’s second New Town.

Q. Do you have additional senior living and memory care communities on the drawing board for Texas right now?

A. Yes, moving south to San Antonio, Tex., we’re building Avanti at Stone Oak and Avanti at Alamo Heights. Architecture at these two senior living properties will complement the historic Spanish Colonial buildings so well identified with the city.

Q. We also hear that Avanti has three communities under way in Louisiana. What are your plans there? 

A. Yes, after much research into the demand for high-end senior living and memory care communities Avanti determined that there are three Louisiana locations that offer the demographic profiles we seek. The three sites include Baton Rouge, a city of more than 800,000 residents, as well as the state capitol, home of Louisiana State University, and a thriving center of commerce along the Mississippi River in southeast Louisiana.

The second site is Covington/Mandeville on the north shore of famous Lake Pontchartrain at New Orleans, historically known for the summer homes of wealthy New Orleanians. Third is the lively southwestern city of Lafayette, now a major center for medical research and healthcare delivery.

Q. Are there other markets Avanti is considering?

A. Yes, we’ve found Wellington, Fla., 20 minutes west of Palm Beach, to be a perfect Avanti location. Known as the international center for equestrian sports, Wellington is a wealthy cross-section of international society, celebrities and business icons.

Q. Why did Avanti choose these particular locations for its 2014 development schedule?

A. Avanti CEO Tim Hekker, who has a background in developing successful senior housing companies, is bullish on finding the right market for our luxury communities. He looks for markets with strong demographic foundations—a thriving economy, a desirable and affluent community, a strong educational system, and a strategic geographical location. Our goal in each of these locations is to create a superior senior living experience that complements the feel of each market.

Q. Have you secured financing for the 2014 development? 

A Yes, we have a silent equity partner we are teaming up with on all of our new developments. 

Q. On average, what is the size of a typical Avanti’s luxury community and what kinds of amenities do you offer?

A. Our communities range from 90 to 150 units specifically designed for assisted living and memory care residents. Our design concept blends warm, modern interiors with the conveniences of apartment living. From large suites to two-bedroom units, Avanti offers a full spectrum of amenities including medical and wellness services, full-service spa and salon, and luxury dining experiences.

Q What are two of the most significant differences found in Avanti residences?

A. The resident experience and state-of-the-art technology. We recognize that there are many great senior living providers out there. Our philosophy is to truly customize our services to each resident’s needs and wants.

Empowering our team members to consistently make this happen is the key to achieving high satisfaction among our residents. There is no request too large nor too small to accomplish for our residents and their families.

Avanti Senior Living brings advanced technologies to each of our communities—both for the comfort and entertainment of residents as well as to ensure a safe, protected living environment.

For example, our residents will enjoy wi-fi capabilities and “smart” televisions. Other technologies go well beyond the use of electronic medical records, EMAR medication management systems and telehealth capabilities. Going this extra mile sets Avanti apart from most senior living environments and fulfills the luxury living desires of affluent senior residents.

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Construction: Planned

Benchmark Senior Living Proposes Pleasantville Community

Benchmark Senior Living has proposed an 87-unit assisted living community in Pleasantville, N.Y., reports the Pleasantville Daily Voice. The community would be on a 3.5 acre plot of land next to a local church, which has agreed to sell the land to Benchmark pending the project’s approval. 

The site is currently zoned for single-family residences and would have to get re-zoned for the development to be approved. 

Unified Property Group Proposes Senior Community near Ann Arbor

Unified Property Group LLC has proposed a 42-acre development in the Ann Arbor, Mich. area, reports Michigan Live. The development would include several multi-story, mixed-use buildings including a senior living village that would offer independent living, assisted living, and memory care. 

The senior living portion of the project would have 158 units with capacity for up to 220 residents, located in a two-story, 175,000-square-foot building. 

The Pittsfield Township Planning Commission is considering site plans for the project, the development cost for which is still unknown.

Construction: In process

$21 Million Oakland Senior Housing Co-Op Breaks Ground

The Bay Area’s first senior housing cooperative broke ground recently, according to Mercury News. Elder Village Development is developing the $21 million project, which will have 41 units and will allow seniors to live privately in their own units but enjoy a co-housing lifestyle with social engagement opportunities.

Phoenix Commons is expected to open in about a year and will have a patio, private dock, and a communal kitchen and dining room overlooking the waterfront in Oakland. The community will have four stories containing one- and two-bedroom units, each with a private kitchen and bathroom. Unit sizes will range between 630 to 1,100 square feet. 

Future residents must be at least 58 or older and will purchase a share of the building and its communal spaces, allowing them to have a say in what amenities are offered. 

Elder Village Development is part of Alameda Elder Communities, which provides skilled nursing and senior housing services throughout the Bay Area. 

The Goodman Group Breaks Ground on Naples Senior Community

The Goodman Group has broken ground on a new two-story memory care community at its Naples, Fla. location, Terracina Grand. The freestanding community will utilize the Pearls of Life philosophy, a dementia program that provides personalized care plans for residents. 

Terracina Grand’s new building will have 55 memory care units with capacity for 60 residents and will more than double the community’s capacity to care for seniors with memory care needs. The residential units are on average 25% bigger than the industry norm, according to The Goodman Group. The building will include hospitality features and services such as a family-style dining area and club lounge on each floor, a grand living room with a library, and a large conservatory. 

The general contractor for the project is DeAngelis Diamond of Naples, Fla., with HKS Architects out of Ft. Meyers and Dallas, Texas providing design services. JBG Design & Development of Chaska, Minn. is in charge of project development and design. The Goodman Group is the developer and manager of Terracina Grand.  

Phase Two Begins on ISL-Managed Lantern Crest Senior Living 

Lantern Crest Senior Living in Santee, Calif. recently began Phase Two of the multi-phase project, during which it will add 102 independent living and assisted living units as well as new community amenities.

The resort-style retirement community is currently leasing the new residences that are scheduled to open in Fall 2014. Phase One is licensed for assisted living and memory care and is approaching full occupancy. 

Phase Two of the construction will be the city of Santee’s largest building at more than 129,000 square feet. During this phase, the community will also get a pool/spa, fitness center, bar, restaurant, extended transportation for destination outings, and furnishings. 

The full Lantern Crest community will have 400 units upon completion and will be managed by Integral Senior Living. 

Construction: Completed

Brightwater Senior Living’s Latest Retirement Community About to Open

Brightwater Senior Living of Highland is nearly finished and is beginning to hire staff. The assisted living, independent, and memory care community is located in Highland, Calif. 

The community will have 99 studio, one, and two-bedroom suites in a variety of floor plans. Brightwater also offers three daily meals, weekly housekeeping service, weekly linen service, paid utilities aside from telephone, suite maintenance, and scheduled local transportation, along with on-site access to the bistro, spa, theater, library/tech center, coffee shop, fitness center, chapel, and dining room. 

Licensed nurses and health services staff are onsite 24 hours a day.

Brookdale Senior Living Community Completes Renovation

A Brookdale Senior Living community in New Braunfels, Texas has undergone a makeover that includes an overall updated look, new salon equipment, and new furnitive in the common areas, reports the Herald-Zeitung.

Besides furniture, the community also got new carpeting and paint colors in neutral tones. The renovation included refinishing doors and woodwork, window treatments, and new artwork in the hallways. 

Grand Re-Opening at Ariz. Sunshine Retirement Living Community

The Manor at Midvale, an independent living community in Tucson, Ariz. that is managed by Sunshine Retirement Living, is holding a grand re-opening celebration next week.

The event will showcase recent upgrades and enhancements at the community, including a 14-seat movie theater, an updated, authentic ice cream parlor, and new landscaping featuring an all-new, water-saving irrigation system and drought-resistant plants. 

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Real estate investment trust LTC Properties (NYSE: LTC) is shopping for a new landlord for 37 of its assisted living properties nationwide.

The company has decided not to renew its leases that are due to expire at the end of this calendar year with Assisted Living Concepts and Extendicare Health Services. LTC said it has begun the process of re-leasing the properties, though there is no certainty as to the time frame or process by which they will be re-leased. 

“LTC welcomes the opportunity to start the re-leasing process for these 37 communities,” said LTC Properties CEO Wendy Simpson in a press release. “We believe the significant potential upside of this portfolio represents a compelling economic opportunity for many quality assisted living providers.”

The properties are located in several regions and spanning 10 states including Washington, Idaho, Oregon, Arizona, Texas, Nebraska, Iowa, Ohio and Indiana, presenting an opportunity for the right operator, she said. 

“The portfolio’s strategic geographic concentrations in the Pacific Northwest, Midwest and Texas regions, offer potential operators the opportunity to either leverage their existing footprint in these markets or to establish new operating regions with ample critical mass,” Simpson said. 

LTC is considering proposals from operators to lease the entire portfolio, a regional cluster or in limited circumstances, individual properties, a company representative told SHN. 

LTC is a self-administered REIT with its investments primarily based in long term care and senior housing properties through triple-net lease transactions, mortgage loans and other investments, according to the company. 

Written by Elizabeth Ecker

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Happy New Year to all from Senior Housing News! With 2014 in full swing—and off to a frigid start—senior living professionals are staying warm by moving up the corporate ladder. Find out more about the latest hirings, promotions, and appointments happening across the industry in the announcements below. 

Are you looking for a new career? Check out senior housing employment opportunities nationwide on SHN’s job board, with Cambridge Realty Capital and Contemporary Healthcare Capital among those hiring. 

Employers: Take advantage of our job board to look for some of the best and brightest in the industry. Post a job on the SHN jobs board for less than $1 per day, and attract local and national candidates through our system that leverages these postings throughout the SimplyHired network. Post a job today.

Holiday Names Oscar Cardona as Chief HR Officer

Holiday Retirement recently announced the appointment of Oscar Cardona to the role of chief human resources officer.

Cardona started his career in human resources at Cigna in the 1980s, leaving the company as a vice president for human resources in 1998. He then joined NIKE, serving in a variety of executive roles at its headquarters in Beaverton, Ore., and at the company’s EMEA offices in Amsterdam. Cardona returned to the United States to become a senior HR executive for NIKE in 2008.

Cardona has a J.D. from McGeorge School of Law in Sacramento, Calif., and a B.A. in political science from Beloit College in Beloit, Wis. He lives in Oregon with his family and has been active in a variety of civic organizations including the Portland Metropolitan Hispanic Chamber of Commerce, his church, and a variety of youth football organizations. Cardona is also on the Board of Trustees for his alma mater, Beloit College.

Tazergy, Inc. Names Larry Kaskel President

Matt Haywood, CEO of Tazergy, Inc., a diverse, low-voltage technology and IT managed services firm concentrating on senior living markets in North America, recently announced the appointment of Larry Kaskel as President.

Kaskel, an industry veteran for several years with Sunrise Senior Living, most recently held the position of Director of Operations at The Retreat and Conference Center at Bon Secours. Under Kaskel’s term at Bon Secours, the conference center experienced its all-time optimum growth and financial status. 

Sanda Cox Named Director of Field Services at Tazergy Inc.

Tazergy Inc. has appointed Sandra Cox as Director of Field Services where she will be responsible for coordinating all subcontractor/vendor relationships with Tazergy customers. 

Cox most recently served as Infrastructure Services Manager/Service Specialist for AGC Networks from 2011-2013, preceded by multiple customer service and account manager and IT support positions with Xeta/Windstream, Comtech Business Phones and Capetronic USA (HK) Inc.

Donna Galluzzo, CEO of HMS, Named Vice-Chair of CBIA’s Board of Directors

Donna Galluzzo, the president and CEO of HMS Healthcare Management Solutions, Inc., has been elected to the Connecticut Business and Industry Association’s board of directors along with three other Connecticut CEOs, James Torgerson, Jr., Rober Sobolewski, and Donald Droppo, Jr.

Prior to founding HMS Healthcare Management Solutions, Inc. in 1996, Galluzzo was the president and CEO of Connecticut VNA, Inc., the largest network of home health agencies in New England. Before that, she was a principal at AccessOne Health System, LLC, a Connecticut state-licensed utilization and case management organization. 

The LaSalle Group Promotes John Barbee to EVP

The LaSalle Group, Inc. has announced the promotion of John Barbee to Executive Vice President – Real Estate. In this capacity, he will lead three divisions of the company as their President: Winfield Design, LLC; MWW Development, LLC; and Lake Superior Contracting, LP.

Barbee joined The LaSalle Group in 2006 as a Project Manager working within the construction division, bringing over 23 years of industry experience. Within two years, Barbee advanced to the role of Vice President of Construction, and in 2012, Barbee’s responsibilities were expanded to also include Vice President of Design and Development.

As Executive Vice President, Barbee will continue to lead these three divisions of The LaSalle Group while also participating as a key member of the Executive Leadership Team, focusing on strategic initiatives for the overall company. Barbee has been instrumental in establishing the unique and successful business model that is in place today and has been an integral part of the growth and future plans for The LaSalle Group.

Timothy Naughton Joins Health Care REIT’s Board of Directors

Health Care REIT, Inc. (NYSE:HCN) announced Dec. 18 that Timothy J. Naughton, Chairman, Chief Executive Officer and President of AvalonBay Communities, Inc. (NYSE:AVB), has been named to its board of directors.

Naughton has more than 20 years of experience in the REIT and commercial real estate sectors. AvalonBay Communities, Inc. is a real estate investment trust with $22 billion in enterprise value focused on developing, redeveloping, acquiring and managing high-quality apartment communities in high barrier-to-entry markets of the United States.

Prior to being named CEO of AvalonBay in January 2012, Naughton served as President for seven years, where he was responsible for the performance and coordination of various activities, including development, redevelopment, construction, acquisitions, dispositions, asset management and property operations. Prior to becoming President, Naughton served AvalonBay in a variety of capacities, including Chief Operating Officer, Chief Investment Officer and Regional Vice President of Development and Acquisitions. He has been with AvalonBay or its predecessors since 1989.

Naughton received his Master’s Degree in Business Administration from Harvard Business School in 1987 and earned his undergraduate degree in Economics from the University of Virginia in 1983, where he graduated with High Distinction and was elected to Phi Beta Kappa. He is a member of the National Association of Real Estate Investment Trusts (NAREIT), where he serves on the Executive Committee; the Real Estate Round Table; the National Multi-Housing Council, where he serves on the Executive Committee; and the Multifamily Product Council of the Urban Land Institute.

Tim Stuteville Named Associate ED at Querencia at Barton Creek

Querencia at Barton Creek senior living community, a life care resort sponsored by Senior Quality Lifestyles Corporation, has named Tim Stuteville associate executive director.

Stuteville joins the team from Wesleyan at Scenic, Georgetown, Texas, where he was administrator of the 222-bed Medicare skilled nursing facility that also has two memory care units. He has eighteen years experience serving as administrator at communities in both the non-profit and for-profit sectors. He holds a Bachelor of Science in Health Professions from Texas State University in San Marcos, Texas.

He is a Licensed Texas Nursing Facility Administrator, and he has a Master of Business Administration from University of Mary Hardin-Baylor in Belton, Texas.

Grandbridge Real Estate Hires Davis as Seniors Housing & Healthcare Finance Group VP

Grandbridge Real Estate Capital has hired Meredith Davis as a vice president in its Seniors Housing & Healthcare Finance Group based in Birmingham, Ala.

Davis brings more than 15 years of experience in the seniors housing and healthcare finance industry to her new role.

The Birmingham, Ala. native earned a bachelor’s degree in English with a concentration in business from Auburn University. She is member of the American Seniors Housing Association and an active participant in the National Investment Center for the Seniors Housing & Care Industry (NIC). Davis has been a featured speaker at numerous seniors housing events including the Senior Care Investor’s audio conference on long-term care initiatives.

Robert Horne Joins REDICO as Senior Vice President – Investments

REDICO, a full-service real estate development and investment company headquartered in Southfield, Michigan, announced recently that Robert D. Horne has joined the company as Senior Vice President – Investments.

Horne has 28 years of experience in commercial development, land development and investment transactions. In this newly created position, he will assist REDICO in expanding its national real estate portfolio in commercial properties. He will also be active in working with REDICO’s affiliate company, American House in the development of its signature senior living communities in select locations throughout the United States.

Joining REDICO from Dodge Capital, LLC in Winnetka, Illinois—a company he founded in 2002—Horne will leverage his vast Midwest real estate network and is establishing REDICO’s first full-time Chicago office in December 2013.

Horne will apply his extensive real estate experience to assist in the execution of REDICO’s strategic acquisition plans while also helping grow the company’s property portfolio in the target areas of the Midwest and Southeast United States. An expert in raising equity, structuring debt and managing all aspects of the development process in retail, office and commercial properties, he will work with Chief Investment Officer Dietrich Knoer.

Prior to founding Dodge Capital Horne served as a Senior Vice President at Jones Lang Lasalle; and Vice President with Arthur Hill & Co. He launched his career in real estate with Homart Development, where he developed both office and retail properties around the country.

Horne earned his M.B.A. from the J.L. Kellogg School of Management at Northwestern University, and a B.A. from Boston College. He is a board member of the Chicago Foundation for Education and the Lurie Children’s Hospital Foundation and is active in many civic and professional organizations in Chicago.

Christine Wise-Vazquez to Head N.Y. Assisted Living Board

Christine K. Wise-Vazquez of Middletown, N.Y. has been elected president of the Empire State Association of Assisted Living, New York’s assisted living trade group. 

Wise-Vazquez is vice president of placement management and marketing development for Elant, a Hudson Valley-based senior housing provider. She has nearly two decades of senior- and executive-level leadership experience.

CarePatrol Franchise Systems Announces Jack Owen as New EVP

CarePatrol Franchise Systems has announced the selection of Jack Owen to join the corporate team in a newly created position as Executive Vice President. CarePatrol provides free senior living placement services that enable seniors and their families to successfully evaluate and select independent living, assisted living, nursing homes, or Dementia and Alzheimer’s memory care communities.

Previously, Owen served as Executive Vice President at Pipeline Success, Inc., the nation’s largest senior care lead generation firm. There, he developed new senior care lines of business as well as dental and medical verticals and managed strategic relationships.

Owen has served in leadership roles of fast growth companies as COO of World Avenue and Managing Director of imc2. He has also held executive roles with large corporations including VP of Global Consulting Services for Merant, and VP of Engineering and Fulfillment for Memorex Telex. With a diverse background in sales, marketing, operations, business development, and experience transforming businesses and growing profits, Owen will continue to enhance the rapid expansion of CarePatrol Franchise Systems nationwide.

Erickson Names Christopher Finley as Director of Nursing at Dallas Community

Highland Springs, the Erickson Living retirement community, announced the hiring of Christopher Finley, RN as its Director of Nursing.

Finley brings eight years of health care experience, ranging from emergency room to intensive care unit work, to the continuing care neighborhood of Highland Springs. Previously, he oversaw the rehabilitation department at Presbyterian Village North.

In his role as Director of Nursing, Finley will be committed to positive outcomes by providing resident-centered health care and fostering a culture of high-quality service excellence to residents and their families. Staff education will also be a major focus.

Finley is certified in ACLS (Adult Cardiovascular Life Support), trained in Pediatric Advanced Life Support and serves as a Healthcare CPR instructor. He also held a certification as an Oncology Certified Nurse.

A resident of Sachse, Texas, he holds a degree in Nursing from El Centro College in Dallas. He is currently working toward a BSN through Southwest Kingston University.

Jones Lang LaSalle Adds Senior Housing Expert as Demand Grows

Jones Lang LaSalle’s Capital Markets recently announced the firm has hired Alan Ursillo as a Senior Vice President specializing in the sale of senior housing properties. Ursillo will work under the direction of Managing Director and leader of the firm’s Healthcare Capital Markets, Mindy Berman.

Over the course of his career, Ursillo served in various sales positions at several national real estate firms and has garnered more than 25 years of sales experience in the senior housing, retail, office and multifamily sectors. During his career, he has sold more than $150 million in assets. He also served as president of Sportscenter Development, a company that built youth sports centers.

He received his Bachelor of Science degree in Business Administration from United States International University/California Western.

NewYork-Presbyterian Names New Senior VP and COO

Dr. Cam Patterson has been appointed senior vice president and chief operating officer at NewYork-Presbyterian/Weill Cornell Medical Center, effective January 6, 2014. Dr. Patterson arrives from the University of North Carolina, where he served in multiple leadership roles including physician-in-chief at the UNC Center for Heart and Vascular Care, executive director of the UNC McAllister Heart Institute, chief of the division of cardiology, and associate dean of health care entrepreneurship.

In his new role, Dr. Patterson will be responsible for the strategic direction and management of NewYork-Presbyterian/Weill Cornell Medical Center, one of the six campuses of NewYork-Presbyterian Hospital and an affiliate of Weill Cornell Medical College. Dr. Patterson will report to Dr. Laura Forese, group senior vice president and recently named president of the NewYork-Presbyterian Healthcare System.

After receiving his medical degree from Emory University, Dr. Patterson served as a resident and chief resident in internal medicine at Emory University Hospital. He then completed a research fellowship in cardiovascular biology at the Harvard School of Public Health and a clinical fellowship in cardiology at the University of Texas Medical Branch, Galveston. He also holds a master of business administration from the University of North Carolina Kenan-Flagler School of Business.

Lancaster Pollard’s Harvey Appointed Chair of MBA Multifamily Council Subcommittee

Lancaster Pollard recently announced that Michelle (Shelly) A. Harvey, vice president and servicing manager, recently has been appointed chairperson of the Mortgage Bankers Association (MBA) Multifamily Council’s FHA Servicers Subcommittee, according to Brian Pollard, senior managing director of the national investment banking, mortgage banking and investment advisory firm headquartered in Columbus, Ohio. Her term of service is for one year.

The MBA is the national association representing the real estate finance industry. In addition to promoting the nation’s residential and commercial real estate markets and expanding home ownership, it works to extend access to affordable housing to all Americans.

Harvey has led the mortgage servicing department for Lancaster Pollard’s portfolio of construction and permanent loans since 2001. In that capacity, she has been instrumental in the growth and development of the mortgage servicing department by authoring policy and procedure, implementing a sound operating infrastructure, focusing on long-range and strategic planning, implementing advancements in technology and practicing risk mitigation. She has served on the MBA’s Multifamily Council’s FHA Servicing Subcommittee for the past 10 years.

Stuart Lodge Appoints Randy Kelly as Executive Director

Randy Kelly has been named the executive director of Stuart Lodge, a senior living community coming soon to Stuart, Fla. Kelly, who has more than 20 years of senior living management experience, will directly oversee Stuart Lodge’s daily operations after its expected Spring 2014 opening. 

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If your company has been searching for ways to get the most out of your digital marketing strategy, then mark your calendar for an upcoming webinar, presented by Senior Housing News and Creating Results, that will take place on January 23 at 2 p.m. Central.

During this free webinar, presenters will highlight seven new digital marketing insights that are guaranteed to boost your online marketing return on investment (ROI) and increase leads.

Our expert group of panelists will provide you with actionable insights from recent research and data that shows what senior living operators must be doing to compete in the market today. They will also discuss:

  • Understanding how seniors are using the web to make their next move
  • Why dynamic content is crucial to the future of your business
  • The impact of social review sites and how to use them to your advantage
  • Social media and its role in senior living

The Panelists

  • Rebecca Donato, Vice President of Business Development at North Hill Needham Inc.
  • Erin Read, Director of Strategic Planning at Creating Results
  • Todd Harff, President of Creating Results
  • George Yedinak, Publisher of Senior Housing News (moderator)

Attendees will also have the opportunity to ask the panelists questions during the session. If your company is trying to increase move-ins, this webinar is a must for you.

The Details

Cost: FREE
Date: January 23, 2014
Time: 2 p.m. Central Standard

Register today!

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HealthLease Commits to Co-Investment Relationship with Mainstreet

HealthLease Properties Trust has invested $20 million in Mainstreet Development Fund II, L.P., which will be used to develop between 12 to 16 seniors housing and care facilities in the United States over the next year.

HealthLease’s investment will consist of $15 million of mezzanine financing, which is targeted to produce an annual return of 14% on funds invested by the REIT and $5 million of equity financing, which is targeted to produce an annual return of 25% on funds invested by the REIT.  Mainstreet Property Group, LLC, the General Partner and Manager of the Fund, committed the initial US$5 million of equity financing to the fund.  The fund is expected to have additional closings from other third party investors in the first quarter of 2014.

“Our relationship with Mainstreet has enabled us to significantly grow the REIT in a relatively short period of time with high-quality assets that attract leading seniors’ housing and care operators,” said Zeke Turner, Chairman and CEO of Mainstreet. “This fund will help us grow the pipeline of acquisitions, allow us to achieve scale and deliver long-term value to our unit holders.”  

Lancaster Pollard Assists Providence Life Services Refinancing

Lancaster Pollard recently arranged a $34.3 million refinancing for Providence Life Services, a nonprofit Illinois corporation offering a full range of senior care and services with 13 facilities in Michigan and Illinois. 

Providence had approximately $43 million in outstanding debt in its Obligated Group in the form of variable-rate, tax-exempt bonds held by multiple banks. Lancaster Pollard recommended refinancing with the FHA Section 232/223(f) program to allowing Providence to lower its debt service and extend the permanency of its debt by eliminating bank-related financing risks.

More than $31.5 million of Providence’s outstanding debt was able to be allocated to facilities eligible for FHA refinancing, and by doing so based on the appraised value of those facilities, Lancaster Pollard was able to ensure that both HUD and the existing banks were comfortable with the pro forma debt allocation. 

Due to the necessity of utilizing accounts receivable financing with the transaction, the firm also worked with one of the banks so it could remain as the accounts receivable lender for all the facilities. 

Ultimately, Lancaster Pollard closed four FHA-insured loans under a master lease structure without obligating the rest of the Providence Life Services organization, resulting in a total of $34.3 million of long-term, low fixed interest rate loans. The transaction replaces most of Providence’s variable-rate debt with long-term, fixed rate debt. 

AHFC Announces $33 Million of Funding for Affordable Alaskan Housing

Alaska Housing Finance Corporation (AHFC) has announced its 2014 Greater Opportunities for Affordable Living (GOAL) grants and tax credits, totaling $33.2 million and benefiting five communities across the state. The projects will develop or upgrade a total of 179 rental units for low-income and senior Alaskans; five of the projects will leverage the AHFC funding with $1.5 million provided by Rasmuson Foundation. 

Alaska’s GOAL program includes a combination of federal and state grants and federal tax credits to project sponsors who build or renovate affordable rental and supportive housing for low-income, senior families and those with disabilities. 

The seven projects awarded funding are located in five communities: Anchorage, Delta Junction, Haines, Juneau, and Ninlichik. Grant recipients for low-income senior projects are: Eklutna Estates II in Anchorage, which will add 34 new rental units for low-income seniors (Cook Inlet Housing Authority) and Ptarmigan Heights in Delta Junction, which will add six new rental units featuring solar energy for low-income seniors (Deltana Community Services Partnership).

GS Commercial Real Estate Finances Newcastle’s Holiday Acquisition

Newcastle Investment Corp. subsidiaries have entered into loan agreements with GS Commercial Real Estate LP to fund the acquisition of the 51-property Holiday portfolio for about $1.04 billion. 

The lender is providing a term loan in the original principal amount of nearly $316.9 million scheduled to mature in 2021 and secured by 25 facilities fee-owned or ground leased by Newcastle, along with a term loan for $362.5 million, scheduled to mature in 2024 and secured by 26 facilities owned by Newcastle. 

Certain other Newcastle subsidiaries have also entered into a $40 million mezzanine loan with the lender, scheduled to mature in 2021 and secured by a pledge of 100% of the equity interests in the Newcastle subsidiaries under the first mortgage loan; and a mezzanine loan for $1,000 (according to a Newcastle filing) scheduled to mature in 2024 and secured similarly to the first mezzanine loan. 

Newcastle guarantees the borrowers’ obligations under each of the loan documents. 

Skilled Healthcare Group Announces $67 Million MidCap Financing

Skilled Healthcare Group, Inc. (NYSE: SKH) has announced the closing of a financing with MidCap Financial consisting of a $62 million non-recourse (subject to customary carve outs) mortgage-backed term loan and a $5 million asset based revolving credit facility with an initial balance of $5 million.

The loans are secured by 10 skilled nursing facilities and have a term of three years and an interest rate based on LIBOR which is currently approximately 6.7%. The net loan proceeds of approximately $65 million have been used to pay down outstanding term debt in Skilled Healthcare Group’s senior secured credit facility, which has a maturity date of April 2016 and an interest rate based on LIBOR which is currently approximately 6.8%.

“These loans, along with the disposition of two skilled nursing facilities earlier this month, further strengthen our balance sheet and provide additional cushion under our leverage ratio, which is a metric under our senior secured credit facility comparing earnings to debt that we must maintain below an agreed level,” said Bob Fish, Chief Executive Officer of Skilled Healthcare Group, in a statement. “We closed $87 million in HUD-insured loans earlier this year, and we continue to believe that the HUD program offers attractive opportunities for longer-term financing at favorable interest rates. We anticipate that these new loans, and the ten skilled nursing facilities securing them, will transition well into HUD-insured loans in the future.” 

Omega Healthcare Investors Enters $200 Million Loan Facility

Omega Healthcare Investors (NYSE:OHI) has announced a new $200 million senior unsecured, deferred draw, term loan facility hat matures on Feb. 29, 2016. 

The term loan facility is being provided through a credit agreement with Bank of America, N.A., as the initial lender and administrative agent. 

So far, Omega hasn’t made any borrowings against the new term loan facility, and proceeds of any future borrowings can only be used to finance general corporate working capital, including repayment of existing indebtedness, asset acquisitions, acquiring or improving income producing healthcare facilities, and investments incidental or related to such purposes, and capital expenditures or other corporate purposes. 

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A major Chicago-based long-term care insurer is being sued by an elderly group policyholder who says the company “abruptly” changed its policy and began denying her claims for assisted living care, according to Courthouse News Service. 

The company, CNA, provides group long-term care insurance and initially sought to hike premiums for a certain group of seniors by 45% in Connecticut, where lead plaintiff Marie Gardner, age 91, lives. The state ultimately approved a 30% premium increase for Gardner’s group.

“Defendants have engaged in an illegal course of conduct designed to reduce its exposure to costly long-term care claims by denying claims of elderly insureds through a scheme of fraud, deception, and manipulation of policy terms, while seeking massive premium increases at the expense of these same insureds,” Gardner says in a federal class action suit she’s bringing against CNA, Courthouse News reports.

Gardner claims her policy originally covered a range of assisted living communities but was changed by CNA to cover nursing home care, only. The plaintiff says she broker her hip in 2008—after paying into her insurance policy for 15 years—and subsequently moved into an assisted living community. CNA approved her claim and began paying out the monthly benefit, Courthouse News says. 

The payment benefits ended in February 2011 when Gardner was considered to have recovered. About one year later in April 2012, she fell and fractured her sacrum. However, CNA told her that in order to qualify for long-term care insurance benefits, the assisted living community where she lived would have to be staffed 24/7 by an on-premise nurse. 

That requirement differs from a settlement in a previous class action settlement against CNA requiring a nurse to be on call 24 hours a day, and a nurse to be on site for more than five hours a day, seven days a week. 

“(A)t the time the CNA reached an alleged ‘agreement’ with the Connecticut Insurance Department, CNA did not disclose to the Insurance Department that it had previously been covering stays at assisted living facilities under this same policy,” the lawsuit says, reports Courthouse News.

Because CNA is now denying new claims for assisted living community care despite a previous claim having been paid out at an assisted living community, Gardner claims the insurer used the remediation process in the previous class action as a way to invent new ways to avoid claim liability. 

Gardner is seeking class certification for her lawsuit, along with an injunction preventing CNA from excluding claims for Connecticut assisted living community stays. Additionally, she is seeking monetary damages for class members who have been denied stays based on the assisted living community definition or staffing levels. The class would include around 383 people in Connecticut and at least 20,000 nationwide, according to Gardner’s estimates. 

Read more at Courthouse News. 

Written by Alyssa Gerace

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CNL Lifestyle Properties Acquires Colo. Senior Housing Community

Senior living real estate investment trust CNL Lifestyle Properties has acquired MorningStar at Dayton Place in Aurora, Colo., for approximately $29.9 million. 

The senior housing community will continue to be managed by its current operator, MorningStar Senior Living, which currently has 21 properties under management or development in six states.

MorningStar at Dayton Place has 238 units split between independent living, assisted living, and memory care. The main campus was builtin 1987 but underwent a $1 million renovation in 2010. An additional 41 cottages were added to the community in 2009. 

As of Dec. 9, the senior living community was 84.5% occupied. 

“We are delighted to add MorningStar at Dayton Place to CNL Lifestyle Properties’ portfolio of senior housing communities,” said Stephen H. Mauldin, president and CEO of CNL Lifestyle Properties. “MorningStar is known in the senior housing industry for creating a positive and nurturing environment for residents. We know they share our values of ensuring the highest quality of care and look forward to growing our relationship with them as they manage this community.”

CNL Healthcare Properties owns four other assets that MorningStar operates under a long-term management agreement in addition to the Aurora property CNL has just purchased.

“CNL Healthcare Properties has and will continue to look at opportunities with MorningStar,” said Kevin Maddron, senior managing director for healthcare and senior housing properties for CNL Financial Group. —AG

Berkadia Finances 3 Capital Senior Living Acquisitions

Berkadia Commercial Mortgage LLC recently provided three acquisition loans totaling $28 million for Capital Senior Living Corporation (NYSE:CSU), originated by Senior Vice President Lisa Lautner of Berkadia’s Seniors Housing and Healthcare group.

The three loans were originated for senior housing properties in Georgia, Ohio and Wisconsin.

For Hyland Park of Fitchburg in Wisconsin, Lautner arranged an $11.9 million, 10-year fixed rate loan through Fannie Mae that amortizes over 30 years. The property, which CSU acquired in late October, has 82 independent and assisted living units and was 98% occupied at closing. Amenities include indoor and outdoor common areas such as a fitness center, theater room, and swimming pool.

Lautner originated another fixed-rate loan through Fannie Mae for The Woodlands of Middletown, this one for $7.6 million with a 10-year term and 30-year amortization schedule. The 61-unit community provides both assisted living and memory care in studio, one-bedroom, and “companion” suites and was 93% occupied at time of sale. The acquisition closed on Sept. 5, 2013.

Berkadia secured an $8.5 million loan through its Proprietary Bridge Lending Program for Peachtree Plantation, a 64-unit assisted living and memory care facility located in Oakwood, Ga. The two-year, floating rate loan features interest-only payments. The property, which includes a variety of apartment styles and many indoor common areas, is currently 91% occupied. The loan closed on Sept. 30, 2013. —AG

Local Owner Sells Okla. Independent Living Community for $13.3 Million

Atlanta-headquartered ARA recently brokered the $13,325,000 sale of Heritage Oaks, a 121-unit independent living community located in Richmond, Virginia. Heritage Oaks is situated on approximately seven acres and features studio, one-bedroom, and two-bedroom units.

Cody Tremper from ARA’s national specialty practice group, ARA Seniors Housing, handled the disposition on behalf of Heritage Oaks Retirement Community, LLC, a single-facility owner based in Norman, Okla., to an undisclosed private equity buyer. The transaction took less than 60 days from initial contract execution to closing. The facility, built in 1987 and constructed using steel frame and concrete, allows some flexibility for the future owner to operate the building as independent living or, through a partial conversion, to add assisted living. —AG

Sentio Healthcare Buys Senior Living Community for $15 Million

Sentio Healthcare Properties, Inc., a real estate investment trust focused on healthcare-related real estate, announces the acquisition of Standish Village at Lower Mills through a joint venture with a member of the seller, Senior Living Residences . 

Standish is a senior living community located in Boston, Mass. with 85 units:  72 units dedicated to assisted living, and 13 units dedicated to memory care.

Located on 1.75 acres of land along the Neponset River, Standish Village is a historical landmark that originally served as a 19th century mill. Some architectural features of the original mill that have been retained include decorative turrets, and oversized windows in the units. Amenities of the facility include a main dining room, library, exercise room, music room, sunrooms, living rooms, activities areas, and a resident kitchen.

SLR is based in Massachusetts and will continue to operate the facility. In addition to Standish, SLR is the owner/operator of four more facilities and manages an additional seven properties. 

This transaction marks another deployment of Sentio’s investment agreement with an affiliate of global investment firm Kohlberg Kravis Roberts & Co. L.P.  As a part of the agreement, KKR committed to provide an initial $150 million of convertible preferred equity to Sentio over a two to three year period. 

“Adding Standish to our portfolio is an exciting opportunity for us and we believe this new market will continue to enhance the diversity of the REIT,” said John Mark Ramsey, President and CEO of Sentio. “We are pleased SLR chose to partner with us and believe their operational experience along with their focus on exceptional resident care will help sustain the strong track record Standish has experienced thus far.” —AG 

Love Funding Closes $5.5M Acquisition Loan for Senior Community

Love Funding recently announced the closing of a $5.54 million loan for the acquisition of North Park Retirement Community, an assisted living and skilled nursing facility in Brook Park, Ohio.

Robert Smallwood and Bruce Gerhart of Love Funding’s Cleveland office secured the loans through the U.S. Department of Housing and Urban Development’s 232/223(f) loan insurance program for the refinance or purchase of healthcare projects that are more than three years old and don’t require substantial rehabilitation.

North Park Retirement was built in 1967 and converted to an assisted living facility in 1988, with additional assisted living units added in 1994. In 2010, the facility was completely renovated, converting 18 assisted living units into 23 skilled nursing units. Today, it provides a total of 49 assisted living beds and 25 skilled nursing beds.

During this construction, the subject also added 2,000 square feet to the facility in order to incorporate a large therapy room to attract Medicare residents. 

North Park Properties LLC is purchasing the property from NP Properties of North Olmsted LLC. Since buying the property in February 2010, NP Properties has leased the facility to North Park Care Center LLC. North Park Properties is 100%-owned by John Paul Coury III, who has been involved in the long-term care industry for more than two decades and has served as the administrator or two other family facilities in Ohio and a non-family facility in Arizona.

For the purpose of this transaction, Love Funding obtained an appraisal from Integra Realty Resources showing that the property had stabilized from the skilled nursing conversion. 

HealthLease Acquires Community from Mainstreet for $17 Million

HealthLease Properties Real Estate Investment Trust (HLP.UN), acquired a newly-built, triple-net leased, 100-unit seniors housing and care facility from Mainstreet Property Group, LLC, the asset manager for the REIT, for $16.98 million.  The facility is leased on a triple-net basis to an operator that is owned 50% by Life Care Services and 50% by an affiliate of Mainstreet. 

The facility, Wellbrooke of Crawfordsville, is located in Montgomery County, Indiana, and marks the fourth Wellbrooke-branded facility in the state. Of the 100 units at Crawfordsville, 70 are licensed to provide skilled nursing, rehabilitation and therapy services, while the other 30 provide assisted living.

“As we continue to add Mainstreet-developed properties to our portfolio, we are building a strong brand presence as the leading owner of high-quality seniors’ housing and care properties,” said Zeke Turner, Chairman and CEO of the REIT. “This market-leading position helps us attract great operators as tenants who recognize that HealthLease facilities will enable them to provide the best care for their consumers.”

Crawfordsville was acquired under the REIT’s pre-existing development agreement with Mainstreet, which provides the REIT with a right to acquire any seniors housing and care properties developed by Mainstreet. —AG

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Wall Street’s self-regulator, the Financial Industry Regulatory Authority, is planning some rule changes for non-traded real estate investment trusts, reports the Wall Street Journal.

Those changes include requiring this segment of the REIT market to improve disclosures on fees, along with a faster timeline for reporting changes to property values in their portfolios. 

“The move comes amid a boom in demand for these types of funds, which buy office buildings, stores and other commercial real estate and send most of the properties’ income to shareholders,” says the article. “Unlike typical REITs, shares in these funds don’t trade on public exchanges, making them less liquid.”

Investors are expected to buy $20 billion of new shares in non-traded REIT funds in 2013, the WSJ says citing investment bank Robert A Stanger & Co.—the highest amount ever, and nearly twice the $10.3 billion raised last year.

“But Finra believes investors aren’t getting a clear enough picture of the performance of their funds, according to Joseph Price, Finra’s senior vice president for corporate finance,” the article says. “These funds and their brokers can charge fees and expenses of as much as 12%, yet that cost isn’t required to be taken into account when the funds value their stock in reports to investors.”

The rules Finra is planning on implementing would require the REITs to include those fees when valuing their stock in investor reports. By that method, in cases where the initial share price is $10 with 12% fees, the share value actually reported to investors at the get-go would be $8.80. 

Another change is expected for when REITs disclose their true asset values following the close of a fundraise. Currently, REITs can delay this disclosure for years, as fundraising can go on for long periods of time. 

“The new rules would require funds to get a third-party valuation and report it to investors two years after they start buying properties,” WSJ reports, adding that Finra is aiming to propose the rule changes to the Security and Exchange Commission by the end of 2013.

If implemented, the new rules would be a “game changer” for the non-traded REIT industry, Michael McTiernan, former head of the SEC’s REIT group and now partner at Hogan Lovells, told WSJ. 

American Realty Capital Healthcare Trust, Inc., CNL Healthcare Properties Inc., and Griffin-American Healthcare REIT II are among public, non-listed healthcare REITs.

Read the full article at the Wall Street Journal. 

Written by Alyssa Gerace

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Contemporary Healthcare Capital Provides Acquisition Financing

Contemporary Healthcare Capital, LLC has provided a $6,850,000 senior mortgage loan, a $1,250,000 mezzanine loan, and a $800,000 preferred equity loan to finance the acquisition of a 120 bed licensed assisted living and memory care facility located in Sumter, S.C.

The funds will also be used for the renovation of the facility, working capital and closing costs.

Johnson Capital Arranges $5M Loan for Senior Care Center

Johnson Capital has arranged a $5 millii loan to refinance Copper Ridge Health and Rehabilitation Center, a 101-bed skilled nursing facility in Butte, Montana. 

The 35-year fully amortizing loan was arranged using the HUD Section 232/223(f) LEAN program and carries a low interest rate. Brett Patric, managing director of Johnson Capital’s FHA Division, led the transaction. 

Grandbridge Finances $28M Senior Housing Development in Minn.

Grandbridge Real Estate Capital recently closed a $27,820,000 first mortgage construction/permanent loan secured by The Waters on Mayowood, a senior living community anticipated to open in late 2014 in Rochester, Minn.

The development loan, originated by Minneapolis-based Tony Carlson, was funded through one of Grandbridge’s banking relationships and featured a construction term, interest only component, permanent term, and closed with a very low interest rate.

Located near the world-renowned Mayo Clinic and adjacent to the Apache Mall, the 175-unit community is being developed by a local Rochester developer and will be operated and managed by The Waters Senior Living, an owner and operator of senior living communities in the Twin Cities.

Cain Brothers Advises Issuance of $50M PRS Refinancing

Cain Brothers served as investment banking advisor in connection with the issuance of $50 million Revenue Refunding Bonds, Series 2013B for Rogue Valley Manor, a Pacific Retirement Community-managed CCRC located in Medford, Oregon. 

The financing strategy consisted of a direct purchase with a commercial banking entity to refinance RVM’s Series 2007 variable rate demand bonds supported by a direct-pay letter of credit and reimburse RVM for a portion of prior capital expenditures. PRS worked with the purchaser in securing a 10-year capital commitment.

While the Series 2013B Bonds do not carry a rating, a public rating on RVM’s operations was solicited from Fitch Ratings. Cain Brothers assisted RVM throughout the rating review process, and Fitch affirmed the existing rating of “A-” with a Stable Outlook. The 10-year commitment resulted in a low cost of capital based on interest rates as of the date of transaction closing, exclusive of RVM’s corresponding interest rate swap.

Berkeley Point Capital Closes $6.1M Senior Care Refinancing 

Berkeley Point recently closed the refinancing of Willow Springs Alzheimer’s Special Care Center, a 30-unit, 56-bed community in Redding, Calif. The cash-out refinancing was arranged through the Fannie Mae DUS program and structured as a fixed-rate loan with a 10-year term.

Willow Springs opened in 2003 and is the only standalone memory care community in the local market. The borrower is Churn Creek LP, led by Jerry Erwin, who has developed, owned, and managed nursing homes and other senior living care centers for more than 40 years. JEA Senior Living, Inc., founded by Erwin, operates Willow Springs.

Prudential Mortgage Capital Provides $64M Loan for Spectrum Retirement

Prudential Mortgage Capital Company recently announced providing a $64.2 million loan to refinance two Spectrum Retirement Communities properties in Colorado.

Both senior housing properties were built in 2009 and are located in Lakewood and Parker. The Lakewood property is an independent living community, while the Parker property specializes in independent living, assisted living, and memory care. 

The loan term is seven years and was originated and underwritten by Prudential Mortgage Capital’s senior housing team. Casey Moore, a principal at Prudential Mortgage, and Trace Wilson, an associate, led the transaction. 

Beech Street Capital Closes $8 Million Loan for Conn. SNF

Beech Street Capital announced recently it has provided a $7.9 million loan to refinance Laurel Woods Health Care Center, a 120-bed skilled nursing facility in East Haven, Conn.

The borrower had 21 years left on an existing $9 million FHA loan, and Beech Street was able to secure an increase in the loan term to 33 years, which produced a decrease in annual payments of more than $270,000 with a significant reduction in interest. HUD’s Section 232/223(a)(7) program was used for the transaction. 

Ziegler Closes $30M Financing for Calif. Senior Living Community

Ziegler recently announced the closing of a $29.97 million tax-exempt, Cal-Mortgage insured fixed-rate Series 2013 Bonds for The Redwoods, a Community of Seniors.

The Redwoods operates a retirement community that offers independent living, assisted living, and skilled nursing in Mill Valley, Calif. and has a key mission of providing affordable housing. 

The community began planning for a revitalization project in 2006 to respond to the challenges of an aging physical plant and  expand affordable housing options for the area’s growing senior population. The revitalization plan focuses on updating the 40-year old community’s infrastructure, including renovating apartments and adding a wellness center, café, and a new entrance.

The Series 2013 Bonds are being issued to currently refund the Series 1997 Bonds, with $2,965,000 outstanding; establish a debt service reserve fund; fund a small portion of interest; and pay costs of issuance for the Series 2013 Bonds and the refunding of the prior bonds. 

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For many senior living companies, the holiday season is by far the biggest sales opportunity of the year, with some seeing inquiries increase as much as 25% post-Thanksgiving and double that in January.

The industry historically experiences increased inquiries right before and immediately after Thanksgiving, says Chris Rodde, CEO of SeniorHomes.com, an online directory and resource for those seeking senior housing and care options. There’s usually an 8-10 day period right after the holiday when lead volumes are up around 25% compared to normal levels of activity.

“After that peak, there’s a long slide all the way down to Christmas as people get more and more engaged in the holidays and focus on preparing for the holidays,” Rodde says.

But then in the days after Christmas, activity starts to pick back up and peaks again a few days into the new year, he says, typically around January 3 or 4.

“The whole month of January is really a strong month in terms of people looking for senior care services,” Rodde says, adding that the post-Christmas and New Year’s peak volume is around 40-50% higher than standard levels.

Staffing Up

Care.com, an online site that connects caregivers with families seeking care services, said it is staffing up as the holiday season kicks off. Between December 2012 and January 2013, the company saw a 100% spike in job postings for senior care.

On the provider side, communities that are attuned to traffic increases are expected to also staff up.

“It’s about planning, making sure people at the community level are ready and staffed appropriately,” Rodde says. “That may mean someone has to work on the day after Christmas, or on New Year’s day or the following day, even if it’s a Sunday. That’s critical because of the volume of inquiries that comes in.”

Communities that aren’t prepared could miss out on the opportunity to convert on hot prospects who may have just realized their loved one is in need of care services.

“The holidays can be difficult for families who are alarmed by their loved one’s deteriorating health [or] cannot accommodate the needs of their loved one,” says Cathy Martin, President and CEO of Hamlyn Senior Marketing in a recent holiday-themed newsletter.

Part of what providers should be doing when they engage with a prospect is make sure that person—or family—feels like the community is going to be a place where they want to live and call him, says Rodde.

Decking the Halls

“When you think about the holiday season, it’s really about embracing that season to the extent you have people coming in on a tour and making sure it feels like the holidays,” he says. “You’ve developed that atmosphere—not only for the prospects, but also for the people that live there.”

Senior care referral service A Place for Mom agrees, writing in a recent blog post that the holidays are the best time to tour assisted living communities.

“Since there are so many social events over the holidays at communities—choirs, carol singers, tree lighting, intergenerational events with children and festive dinners—you can request a calendar of events be mailed to your senior,” Alycia Altman, a senior living advisor for APFM says in the post. “Most importantly, because the events center around music, children, food and family fellowship, our loved ones do not feel pressured or singled out.”

Some providers offer specific specials or incentives for people to take action before the end of the year, says Rodde.

“It’s a typical thing in sales, whether it’s car dealerships or other industries,” he says. “Some communities are giving away a free month’s rent, or a voucher to get a couple thousand dollars toward rent.”

Another way providers are preparing is to produce holiday-themed stories pushed out through blogs or email blasts.

“We’re definitely seeing holiday topical stories, through blogs,” Rodde says. “A lot of bigger providers are good at putting out a lot of good, high-quality content. It becomes more interesting to people during the holidays.”

Emeritus Senior Living—the nation’s largest assisted living provider—sent out an email blast ahead of Thanksgiving in honor of National Alzheimer’s Awareness Month announcing the launch of its “Memorable Moments” campaign. While not specifically designated as a holiday effort, it’s geared toward guiding families help loved ones with memory impairments enjoy the holiday season and includes a gift card for a free meal at an Emeritus community—a marketing strategy to get people in the door.

“Winter months generally see more healthcare sales,” says Kristine Graeber, senior regional manager at Greystone Communities, Inc., adding that there’s “no real pattern” for top sales months for the company’s Midwest CCRCs. “It’s absolutely different for what you’d see with independent living sales.”

While independent living doesn’t see the same demand spike as more needs-based communities, providers tend to embrace the season’s marketing opportunity.

“Usually during the winter we do more bigger, splashier, lead generating events like holiday open houses or luncheons,” Graeber says. “It’s about getting the right lure, and you want to do that at a time with more exciting events.”

Written by Alyssa Gerace

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It’s beginning to look—and feel—a lot like Christmas, as holiday decorations go up and cold temperatures sweep the nation. But winter weather isn’t enough to stop senior living professionals around the country from being hired, promoted, or honored with industry awards this month’s edition of Movers & Shakers. 

Are you looking for a new career? Check out senior housing employment opportunities nationwide on SHN’s job board, with Era Living and Contemporary Healthcare Capital among those hiring. 

Employers: Take advantage of our job board to look for some of the best and brightest in the industry. Post a job on the SHN jobs board for less than $1 per day, and attract local and national candidates through our system that leverages these postings throughout the SimplyHired network. Post a job today.

KTGY Director Gina Nixon Honored with SAGE Award 

National firm KTGY Group, Inc., Architecture + Planning recently announced that the 55+ Housing Council, a special interest council of the Building Industry Association of Southern California, has honored KTGY Director Gina Nixon with the SAGE Award for Volunteer of the Year.

Initiated in 1995, the SAGE Awards honor individuals, projects and programs that have made an outstanding contribution to enhancing the quality of life of residents aged 55+ living in Southern California, from Santa Barbara to San Diego. 

Nixon brings 25 years of demonstrated strategic planning, sales and marketing success in the home building and land development markets. Crossing the lines from low density, single family, to major master planned communities, to high density, mixed-use projects; she enhances any design team with a key understanding of consumer-driven research, innovative product design and strategies to increase absorption and profitability. She has held senior level positions with regional and national builders and land developers, providing a depth of market knowledge across the nation. 

Erickson Living Names Jean Landreville ED at Greenspring

Jean Landreville has been named the new Executive Director at Greenspring, an Erickson Living retirement community in Springfield, Va.  She joined Erickson Living in 2005 and has 18 years of experience in the senior housing and health care industries.

Landreville most recently served as the Associate Executive Director at Fox Run, an Erickson Living community in Novi, Mich.  Prior to that position, she was the Associate Executive Director at Riderwood, Erickson Living’s largest community in Silver Spring, Md.  Landreville also served as both the Assistant Executive Director and Continuing Care Administrator at Fox Run.  At Fox Run, she helped to create one of the most reputable health care neighborhoods in Michigan.  

Prior to her experience with Erickson Living, Landreville worked as a nursing home administrator at Detroit Medical Center and Mercy Memorial Hospital.  She serves on the William D. Ford Career Tech Center Advisory Board and was the President of the Michigan Chapter of the American College of Healthcare Administrators from 2004-2008.

Landreville is a licensed nursing home administrator and received a bachelor’s degree in general dietetics from Madonna College.  She also received a master’s degree in management of aging services from the Erickson School at the University of Maryland, Baltimore County.  As the Executive Director at Greenspring, Landreville will lead the community of nearly 2000 residents and 1000 staff members.  

Tommy Miller Named to Board of Trustees of Thanks Mom & Dad Fund

The Thanks Mom & Dad Fund, an Atlanta-based charity created to honor parents, grandparents and mentors by supporting programs and services for the aging population, has recently appointed Tommy Miller, Executive Director of Mount Vernon Towers in Georgia, to its Board of Trustees.

At Mount Vernon Towers, Miller is responsible for operations including the financial planning, physical maintenance, dining services, activities, landscaping, security, and transportation for the Towers. He also oversees staff functions, including human resources, internal accounting, and tax reporting. Miller was previously President of T. Miller & Associates after a long career in banking at BankSouth Corporation. He holds a BBA in Management from Georgia State University.

The Thanks Mom & Dad Fund works to improve the quality of life for older adults and honors the contributions of older adults by raising funds and making grants to agencies providing services to older adults. These services can include, but are not limited to, transportation, home delivered meals for the homebound, adult day care, respite care for caregivers and critical information and assistance for families struggling to sort through the needs of their parents or loved ones.

It was created by the Atlanta Regional Commission Area Agency on Aging and formed in cooperation with The Community Foundation for Greater Atlanta.

Senior Living Communities Promotes George Wright to Senior Graphic Designer

Senior Living Communities, an owner/operator of 9 retirement communities located throughout the Southeast and Midwest, is pleased to announce the promotion of George Wright to the position of Senior Graphic Designer.

In his new role, Wright will lead the team of graphic designers responsible for the design, creation, printing and distribution of advertisements, collateral material, event programs, invitations and other promotional materials used by the company.

Wright has more than a decade of experience in graphic and web design. Prior to joining Senior Living Communities as a Graphic Designer in 2011, he served as Senior Graphic Artist and Lead Web Designer with HighReach Learning, a company that provides development appropriate curriculum for children from birth to age 5. He is a graduate of King’s College.

Pamela Haman Joins Greenspring as Associate Executive Director

Pamela Haman has recently joined Greenspring, an Erickson Living retirement community in Springfield, Va., as an Associate Executive Director. She comes to the community with nearly 15 years of experience in the healthcare industry.

Since 2003, Haman has served as the Administrator or Executive Director at healthcare centers in Ohio and Massachusetts. She joins Greenspring from Kindred Transitional Care and Rehabilitation – Highgate where she served as the Area Executive Director for two skilled nursing facilities in Dedham and Walpole, Mass. Prior to that position, she worked with HealthBridge Management as the Administrator for Newton Health Care Center in Newton, Mass. She received a Bachelor of Science degree in psychology from The Ohio State University and a Master of Business Administration degree from Tiffin University. Haman is also a licensed nursing home administrator.

As an Associate Executive Director at Greenspring, Haman will assist the Executive Director in all facets of community management including, but not limited to, providing vision and leadership for the community and achieving company-wide objectives for quality care and services.

Creating Results Wins Seven Awards for Retirement Community Marketing

Mature marketing agency Creating Results, LLC has been recognized with seven awards for excellence in marketing and communications produced for older adults.

Reflecting the evolving nature of boomers and seniors themselves, the agency’s 2013 National Mature Media Awards wins included awards for traditional (brochures, direct mail, events) and online (social media, integrated digital campaign, websites) marketing. Creating Results scooped up three bronze, three silver, and one gold award. 

“To be successful in retirement communities marketing, you must be able to balance and integrate storytelling and strategy, old and new media channels,” said Todd Harff, President. “It’s an honor to have our efforts recognized.”

The awards program, presented by the Mature Market Resource Center, a national clearinghouse for the senior market, is the largest program of its kind. The awards were created to annually recognize the best materials produced for those who are 50 and older, the nation’s fastest-growing population group. Gold, Silver, Bronze and Merit awards in 37 categories were chosen from nearly 1,000 entries.

Brookdale Senior Living Hires ED for Ariz. Clare Bridge Community

Brookdale Senior Living (NYSE:BKD) has announced the appointment of Jim Podzius as the new executive director at its 52-bed Clare Bridge memory care community in Sun City West, Ariz. 

Podzius formerly was CEO of a home care company in the Northwest Valley for nearly seven years and worked with families affected by Alzheimer’s and other forms of dementia.

He lives in Glendale with his wife, Roberta.

SearStone Hires Wellness Director & Director of Resident Life

SearStone, a CCRC in Cary, N.C., recently announced the addition of Mark Johnson as wellness director and Shannon Hoffman as director of resident life.

Johnson was most recently wellness coordinator for the Glenaire retirement community, where he had also served as wellness assistant and wellness instructor. Prior to that, he was a wellness instructor at Rex Wellness Center.

Johnson is certified as a personal trainer by Interactive Fitness Trainers of America (IFTA) and as a group exercise instructor by the Aerobics and Fitness Association of America (AFAA). He is also an aqua arthritis and land arthritis instructor. Johnson earned his Bachelor of Science degree in health fitness specialist from East Carolina University.

Hoffman comes to SearStone from Peak Resources – Treyburn, where she was director of activities. Prior to that, she served as director of activities and volunteer coordinator at Rose Manor Healthcare in Durham.

Hoffman received her Bachelor of Science degree in recreation and park management from East Carolina University. After a stint as a park ranger with the city of Columbia, S.C., she embarked on her career in activities management.

SearStone is nearing 90 percent in pre-sales. 

Denise Evans Joins Staff of Northstar Rancho Cordova Senior Living

Denise R. Evans has been named community relations director for Northstar Rancho Cordova, an assisted living and memory care community nearing construction completion in Rancho Cordova, Calif. 

Evans will work with seniors and their families to help determine if Northstar Rancho Cordova is the best option for meeting their long-term care and housing needs. She is also responsible for developing and implementing strategies to attract prospective residents, maintaining working relationships with professional referral sources, serving as a resource about senior living to service groups and health care professionals in the surrounding area, and assisting new residents with the process of moving into the community.

Evans joins Northstar with nearly 30 years’  experience as an accomplished sales and marketing professional. For the past six years, she has focused her talents in the senior living industry. She worked as both a community marketing director and executive director of communities in Carmichael. She began her career in the 1980s and received comprehensive sales training with a large pharmacy chain, first in the Bay Area and later in the Sacramento Region.

Active in professional organizations, Evan is a member of the Carmichael and Fair Oaks Chambers of Commerce, the Alzheimer’s Association and the California Assisted Living Association. She also has received, from the state of California, certification as an administrator of Residential Care Facilities for the Elderly, the official designation for assisted living communities by the state.

Morning Pointe Names Holly Metcalf Executive Director

Independent Healthcare Properties, LLC and Morning Pointe Assisted Living announced Holly Metcalf is the new executive director for the Morning Pointe of Chattanooga assisted living community. 

Metcalf first joined Morning Pointe as business office manager in 2009, where she handled administrative responsibilities and worked closely with the executive director.  In her new leadership role, she will now oversee all of the day-to-day operations of the assisted living community. 

The experience and skills acquired throughout Metcalf’s 33 years of working with the State of Tennessee have helped her succeed to her position as executive director, officials said. She spent 21 years with the Department of Correction as the accreditation manager, three years with the Department of Children Services as liaison for regional administrator and nine years as HR analyst with the Department of Mental Health.

Edward SanClemente Promoted to VP of Property Development at LCB Senior Living

LCB Senior Living, LLC, a developer, manager and owner of senior housing communities, has promoted Edward J. SanClemente to Vice President of Property Development. He was previously the company’s Director of Property Development.

In his new position, SanClemente is responsible for the site selection, permitting, development and construction of all projects, and worked to develop the company’s prototype assisted living residence. He is also responsible for the assessment of potential acquisitions, the creation of the rehabilitation plans, and the oversight of the redevelopment of these residences. He also has oversight of the firm’s operations and maintenance functions.

SanClemente has more than 15 years’ experience in the senior housing industry, and was previously with Atria Senior Living and Newton Senior Living, LLC (NSL). NSL was owned and operated by the current LCB management team. SanClemente helped that company grow to be the 16th-largest assisted living company in the nation before it was sold to Atria Senior Living in 2005.

Erickson Living Names Justin Paradis Director of Continuing Care

Erickson Living has named Justin Paradis as the Director of Continuing Care at Linden Ponds in Hingham, Mass. 

Paradis has been with Erickson Living for seven years, beginning his tenure with the senior living company as a Physical Therapist at Brooksby Village in Peabody in November 2006.

In March of 2008 he transitioned to Linden Ponds as the Rehabilitation Manager, and was part of the start-up team for the continuing care facility. After completing the AIT Program (Administrator in Training) in December 2012, Paradis assumed the role of Assistant Administrator of Continuing Care in January 2013.

Prior to joining Erickson Living, Paradis served as a Physical Therapist at Shaughnessy-Kaplan Rehabilitation Hospital in Salem, Mass. He received a Bachelor of Science in Exercise Science and a minor in History at the University of Massachusetts in 2003, and later attended MGH Institution of Health Professions in Boston Mass and received a Doctorate of Physical Therapy.

Erickson Living’s Robin Arnicar Re-Elected President of NADONA

Robin Arnicar, the Director of Nursing for Continuing Care at Charlestown, a CCRC in Catonsville, Md., has been re-elected President of NADONA (The National Association Directors of Nursing Administration in Long Term Care). She will serve as president for the next two years, in addition to her last two years of service. She was honored in 2007 as the NADONA Nursing Administrator of the Year for both the Northeast region and was the overall National recipient.

Arnicar has been in LTC nursing for 25 years and a Director of Nursing for the past 16 years. She is an active member of the Maryland chapter of NADONA and has served in many roles including Corresponding Secretary, President and as Vice President

Arnicar has served as a member of the National NADONA Board of Trustees as Corresponding Secretary and Vice President. She continues to serve as a mentor to NADONA members throughout the country, as well preparing DONs to take the NADONA Certification examination.


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Drumroll, please…. Nominees have been announced for the inaugural Senior Housing News Architecture & Design Awards, with 75 entries for the 2013 competition across six categories.

SHN’s Design Awards recognize cutting-edge design, innovation, and excellence in senior living, with the objective of honoring companies whose unique projects are improving the lives of seniors through forward-thinking design.

The assisted living category notched the most nominations for the 2013 competition. The entries break down as follows:

New Independent Living (8 entries)

Vivante on the Coast
The Residences at Wingate
Allegro
Vivante On the Coast
Carolina Meadows
Miralea Active Lifestyle Community
Desert Springs Gracious Retirement Living
The Colonade

New Assisted Living/Memory Care (28 entries)

Tohono O’odham Elder Homes
Oak Hill Supportive Living Community
Vivante on the Coast
Bedford Falls
Sterling Estates Senior Living Community
The Residences at Wingate
Clarity Pointe of Knoxville
Oak Hill Supportive Living Community
Brandywine Senior Living at Voorhees
Wellbrooke of Westfield
Wellbrooke of Avon
Clearvista Lakes Health Campus
Avita of Stroudwater
Arbor Terrace Ortega
The Oxford Grand Assisted Living & Memory Care Community
Adams House
The Solana at Vintage Park
Waterstone at Wellesley
Bridges by EPOCH at Hingham
Bridges by EPOCH at Westford
Parkwood Assisted Living
Silverado – Brookfield
Madrona House
Solana West County
Alta Vita Memory Care Center
Silverado Onion Creek Memory Creek
Residences at Deer Creek
Evergreen Cottages, LP

New Skilled Nursing/Post-Acute Care (11 entries)

Villa at JDT
Wellbrooke of Westfield
Wellbrooke of Avon
Clearvista Lakes Health Campus
Lutheran Life Villages – Village at Pine Valley
Silverado Denver
Lutheran Home/Olson Pavilion
Sanctuary at White Lake
Sanctuary at Holy Cross – South Bend, Indiana
Mill Vista Lodge at Wind Crest
Bel Air at Teravista

New Continuing Care Retirement Communities (6 entries)

Casey’s Pond Senior Living
The Mather
The Terraces at Bonita Springs
Maravilla Scottsdale
Arbor Oaks at Crestview
Stoneridge Creek

Best Renovation/Repositioning (13 entries)

Sharon Towers
Bella Terra
Cedar Crest Village
True North at North Hill
Riderwood
Harbor View Manor
Benedictine Living Center of Garrison
Westminster
The Colonnade
Friendship House
Champlain Valley Senior Community
Luther Crest
La Loma

New Affordable Senior Housing (9 entries)

Village at Westerly Creek, Building 1
Lewis Court Senior Living
Wheat Ridge Town Center
Oak Hill Supportive Living Community
Village at Westerly Creek, Building 1
Point of the Pines Gardens
Josephine Commons, Lafayette
Mirasol Phase Two Senior Community
Gable Point Senior Living

The next step is for our panel of senior living experts to judge each entry.

Our judges

  • Trent Haston, President & CEO of Robycross
  • Dan Cinelli, Managing Principal at Perkins Eastman
  • Dan Dillard, D2 Architecture
  • Jeff Anderzhon, FAIA, Eppstein Uhen Architects
  • Elizabeth Borden, the Highland Group

Winners will be announced on December 18 via Senior Housing News, so stay tuned!

Did your community get a nod? View the list of nominees here.

Congratulations to all of our nominees, and best of luck!

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A recent column on Townhall.com takes a hard stance countering a multi-part series aired in July that purportedly portrayed the assisted living industry’s dark side.

“Rarely does an investigative report mange to unite industry executives, academics, and regulators in such a way as the recent Frontline/ProPublic Life and Death in Assisted Living,” writes Bruce Bialosky, a political columnist for Townhall who has consulted extensively with senior living companies. “Unfortunately for the producers and writers, they have united all three elements in expressing how their report misrepresented the industry.” 

The one-hour documentary that aired on PBS and an accompanying four-part series co-produced by ProPublica and Frontline delved into the assisted living industry and issues associated with staffing and training.

However, Bialosky in the column questions the series’ agenda and scope, such as why it focused only on Emeritus rather than the assisted living industry as a whole, or in comparison to home healthcare, and why nearly every incident reported on in the documentary and articles happened prior to 2010. 

Additionally, the show and columns focused heavily on federal regulation, despite the fact that assisted living is regulated on a state-by-state basis, but neglected to interview or reference state regulators. 

“One of the things that disappointed me was the lack of referral to the oversight agencies,” Ronald Melusky, director of Pennsylvania’s Bureau of Human Services Licensing, told Bialosky.

Melusky is also the president-elect of the National Association for Regulatory Administration, in which capacity he sent a letter to David Fanning, executive producer of Frontline, prior to the July airing of the documentary. 

“For each of the horror stories presented by [the Frontline/ProPublica] piece, there are thousands of people who live safely and happily in regulated long-term care settings thanks to effective and dedicated public licensing and regulatory administration programs,” the letter said. 

Another point of contention the Townhall column mentions is ProPublica’s claim that assisted living chains like Emeritus have a “powerful business incentive” to attract frailer, sicker residents who can be charged more for their care.

“Contrary to what was expressed in the show and column, you actually want less frail people because they stay longer,” Frank Haffner, president of American Senior Living, told Bialosky. “That reduces all the costs related to turnover of units and the related marketing costs to fill the unit. We are not interested in residents staying three to six months because their health issues determine that. That is more a nursing home model.” 

Townhall intends to continue its look into the Frontline/ProPublica series in the coming days.

Read the full column. 

Written by Alyssa Gerace

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