Continuing Care Retirement Community

More CCRCs part of larger systems now, Ziegler says

More CCRCs part of larger systems now, Ziegler says

By

Life plan communities have become more likely to be part of larger systems and slightly less likely to be sponsored by a not-for-profit organization over the past several years, according to specialty investment bank Ziegler.

Watch for potential life plan community liabilities

Watch for potential life plan community liabilities

When you understand the evolution of generally accepted accounting principles to identify and record all potential liabilities, you should feel more confident in your contract and fee decisions.

NIC: 5 markets dominate CCRC construction

NIC: 5 markets dominate CCRC construction

By

More than one-third of all continuing care retirement community unit construction was taking place in five markets as of the fourth quarter of 2017, according to Lana Peck, senior principal of the National Investment Center for Seniors Housing & Care.

CCRCs alone in occupancy increase this year, report says

CCRCs alone in occupancy increase this year, report says

By

Continuing care retirement communities will be the only segment of senior living and long-term care to see increased occupancy in 2018, according to commercial real estate investment sales, financing, research and advisory services firm Marcus & Millichap.

SNH: Five Star initiatives will address CCRC challenges

SNH: Five Star initiatives will address CCRC challenges

By

Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs "heavily influenced" a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT's president and CEO, David Hegarty. Five Star is addressing the challenges in two ways, he added.

CMS: Aging population a big driver of annual growth in national healthcare spending

By

Enrollment shifts from private health insurance to Medicare as baby boomers continue to age into the program will help drive average annual growth of 5.5% in national health spending and enrollment from 2017 to 2026, according to new estimates released Wednesday by the Centers for Medicare & Medicaid Services. Projections include spending related to nursing care facilities and continuing care retirement communities.

ASHA launches Senior Living Hall of Fame, inducts six

The American Seniors Housing Association launched a new Senior Living Hall of Fame and inducted six industry veterans at its annual meeting.

Number of CCRCs decreases for first time in at least seven years

By

After increasing every year since at least 2010, the number of continuing care retirement communities decreased in 2017, according to Ziegler's national CCRC listing.

Margins slightly higher for multistate CCRC operators

Margins slightly higher for multistate CCRC operators

By

For continuing care retirement communities seeking larger margins, expanding into additional states might be a good strategy.

Report: Some residents at risk for a new kind of religious discrimination

Report: Some residents at risk for a new kind of religious discrimination

By

Revised laws and policies exempting religious organizations from anti-discrimination provisions are taking a toll on lesbian, gay, bisexual and transgender elders, a new report claims.

Senior living residents more interested in how organizations are run

Senior living residents more interested in how organizations are run

By

Senior living managers are sensing heightened resident interest in transparency- and engagement-related issues, a new report finds.

Outlook for CCRC occupancy depends on type of community

Outlook for CCRC occupancy depends on type of community

By

Occupancy at continuing care retirement communities is trending upward overall, but some types of communities are experiencing higher rates than others, according to the National Investment Center for Seniors Housing & Care.

$240 million bond issue sets record for single-site CCRC, HJ Sims says

$240 million bond issue sets record for single-site CCRC, HJ Sims says

By

A $240 million financing on which HJ Sims is the lead underwriter is the largest fixed-rate public bond issue for a single-site continuing care retirement community, according to the privately held investment bank and wealth management firm.

CCRC monthly rate increases for 2018 will average 3.1%

CCRC monthly rate increases for 2018 will average 3.1%

By

Continuing care retirement communities plan to raise their monthly fees for existing independent living residents an average of 3.1% in 2018, according to a recent poll of 160 chief financial officers of not-for-profit senior living communities and financial professionals by specialty investment bank Ziegler.

CCRC adds 4,100-square-foot duplexes to attract baby boomers

CCRC adds 4,100-square-foot duplexes to attract baby boomers

By

Ten months after breaking ground on a project intended to attract baby boomers and others looking for a different environment in which to age, nonprofit BHI Senior Living has sold all 30 duplexes in an expansion of its Hoosier Village continuing care retirement community in Indianapolis, and the first residents are moving in.

5-year study aims to prove benefits of life plan community living

5-year study aims to prove benefits of life plan community living

By

A five-year study of more than 2,000 life plan community residents by the Mather LifeWays Institute on Aging and Northwestern University will try to determine the effects that living in such a community has on residents' long-term health and wellness, the institute announced Tuesday.

Study: On balance, minimum wage increase could be good for operators

Study: On balance, minimum wage increase could be good for operators

By

The effects of a minimum wage increase on assisted living and continuing care retirement communities, and their workers, are multifaceted. On balance, however, such an increase would have a relatively small negative financial effect on operators but generally positive effects on their workers, according to results of a study released Tuesday by RTI International and the Center for Excellence in Assisted Living.

Continuing Care Hall of Fame to induct four

By

The Continuing Care Hall of Fame will induct four members this year at an Oct. 29 gala at the InterContinental New Orleans.

Residents, staff reap rewards from retirement community's smartphone app

Residents, staff reap rewards from retirement community's smartphone app

By

Leaders at a New York retirement community say their new smartphone app is bringing convenience to residents and enabling staff members to spend more time with them.

Assisted living director pay increases 3.27% in CCRCs

Assisted living director pay increases 3.27% in CCRCs

By

Directors of assisted living/personal care who work in continuing care retirement communities saw an average pay increase of 3.27% in 2017, according to a new report.

AMA considers advocating that CCRCs be part of ACOs

AMA considers advocating that CCRCs be part of ACOs

By

The American Medical Association will lobby the Centers for Medicare & Medicaid Services to allow continuing care retirement communities to initiate investment models of accountable care organizations if its board of trustees approves a resolution that the AMA's House of Delegates referred for a decision last week at the delegates' meeting in Chicago.

Wellness redesigned: Centers for healthy living in the 21st century

Wellness redesigned: Centers for healthy living in the 21st century

For senior living operators looking for a way to bridge the gap between the housing, healthcare, hospitality and education sectors, the center for healthy living concept presents an exciting opportunity to innovate.

The website features most important to prospective residents

The website features most important to prospective residents

By

As a retirement community's online presence becomes increasingly important, research reveals the number one piece of information that adults aged 75 to 84 seek on a community's website as well as other features of interest.

Type A and C contracts increasing in popularity with CCRCs

Type A and C contracts increasing in popularity with CCRCs

By

Type A and C entry-fee contract use has become more common in continuing care retirement communities over the past 10 years, whereas type B contract and rental agreement use has become less common, according to the results of a new poll.

5 ways senior living communities are evolving to attract active baby boomers

5 ways senior living communities are evolving to attract active baby boomers

Senior living communities are devising new ways to attract and fulfill the needs of active boomers who want to be able to age in place and have opportunities for creative education and personal exploration.

The hottest markets for senior living

The hottest markets for senior living

By

National Investment Center for Seniors Housing & Care Senior Principal Lana Peck revealed the areas of the country with the most new construction for independent living, assisted living and memory care at the organization's 2017 Spring Investment Forum in San Diego.

More News for Wednesday, March 22

Congress may ease rules for safety records ... Bill would boost small-business insurance ... Republicans add sweeteners to sell Obamacare repeal ... New FLSA overtime rules coming? ... Kentucky property tax may apply to residents' units

CCRCs 'ideal candidates' for ACOs, AMDA says

CCRCs 'ideal candidates' for ACOs, AMDA says

By

Following the passage of resolutions at its annual conference, AMDA will advocate for continuing care retirement community participation in an accountable care organization initiative and for an integrated care model in assisted living.

CCRC bill would cause unintended consequences, advocacy group says

CCRC bill would cause unintended consequences, advocacy group says

By

A Florida senator has introduced legislation he says is intended to protect residents from fraud perpetrated by continuing care retirement communities operating in the state, but a Sunshine State advocacy group maintains that the bill will have unintended consequences if passed as written.

Life care contract most common type for Texas CCRCs: report

Life care contract most common type for Texas CCRCs: report

By

Ziegler and My LifeSite analyzed data from 32 providers in the Lone Star State to produce a new benchmarking report on the characteristics of continuing care retirement communities there.

In Focus

May 16

Bringing in the outdoors

Hollidaysburg, PA 

Garvey Manor and Our Lady of the Alleghenies Residence continuing care retirement community recently hosted an outdoor show, "Marching into the Woods."

JOB LISTINGS