Where’s the beef?
There’s a lot of talk of hot, new technologies in the senior care industries that are poised to revolutionize delivery of care and drastically improve the lives of residents. But which of these innovations will be a flash in the pan, and which will show results? One serious issue that many seniors in assisted living face is the loss of strength and balance from a relatively sedentary life. One company, HUR, has developed computerized SmartCard exercise machines to help combat that loss of strength. Studies have shown that progressive resistance and balance training can significantly reduce the number of falls, and by increasing resistance by quarter-pound increments, the HUR machines make... Read More »Sabra Collaborates with Leo Brown
Sabra Health Care REIT is getting more skin in the game in the development world, having announced a new pipeline agreement with Leo Brown Group (LBG) to help finance up to 10 new senior housing construction projects. Under the agreement, LBG will identify and secure construction financing for senior housing projects. Of those potential projects, Sabra will then have the right, through March 31, 2017, to provide a portion of the required equity financing for up to 10 projects through a preferred equity structure. Plus, at the time of the investment, Sabra will then obtain a purchase option for the community. The total purchase price for the projects is estimated to be approximately $250... Read More »LTC and Anthem expanding in Chicagoland
With four memory care communities already open in the Chicago metro area in the last few years, a joint venture between LTC Properties and Anthem Memory Care is on track to add three more communities in the next year or so. The first project is in Burr Ridge, features 66 units of memory care and will open later this year, with a cost of approximately $12 million, or $181,800 per unit (right around average for assisted living/memory care in Illinois, which is $188,700 per unit, according to our data). Second, LTC just recently closed on 3.5 acres of land in Tinley Park, Illinois for approximately $700,000, on which they plan to construct another 66-unit memory care community. The project,... Read More »New post-acute care venture
Looks like Mainstreet will be gaining some new competition, with a new venture entering the transitional care space, with a plan to develop upwards of 12 projects, all of which are currently in some stage of pre-development. The new venture, called Innovative Health LLC, was started by Brian Cloch, the founder and former President of the Affordable Assisted Living Coalition, and Brad Haber, who came from GE Capital Healthcare Financial Services. Combined, the duo has 50 years of experience in the long-term care industry. The properties will go by a “prototype” with 60 to 70 transitional care beds, mostly in private rooms. To fund the projects, Innovative Health will obtain HUD or... Read More »Watercrest Senior Living Breaks Ground in Florida
Vero Beach, Florida-based Watercrest Senior Living Group, and its development partner Starling Senior Living, celebrated the official groundbreaking of a 90-unit assisted living community in Jacksonville, Florida. It will have 66 assisted living units and 24 memory care units totaling 79,000 square feet. All of Watercrest’s memory care associates are Certified Dementia Specialists. The building was designed by PQH Group. Read More »Schedule a demo
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