Investments in technology and technology-enabled care are fueling innovation in the senior living and care industry, although more investment is needed, according to industry experts.
Median occupancy in senior living has not varied dramatically from two months ago, specialty investment bank Ziegler found in its latest CFO Hotline survey on the effects of COVID-19. The highest occupancy rate in late August / early September was reported for independent living.
More than six months into the COVID-19 pandemic, flexibility and planning for the unexpected top the list of necessities when it comes to undergoing construction projects within seniors housing. That’s according to speakers at a webinar for institutional investors Wednesday, hosted by specialty investment bank Ziegler.
Operators’ bottom line clearly have been hit hard by the COVID-19 pandemic, but a new report by specialty investment bank Ziegler shows just how hard. The firm surveyed 230 senior living operators, largely representing nonprofits, and found that 62% reported a monthly revenue downturn of at least 6% that could be directly attributed to COVID-19.
When specialty investment bank Ziegler released the top 10 largest not-for-profit multi-site senior living organizations on the 2020 LeadingAge Ziegler 200 list on Friday, four companies kept their same positions, five others stayed in the top 10 but changed positions, and one company was replaced compared with 2019.
The COVID-19 pandemic has brought additional challenges to the process of developing, opening and expanding a new senior living community. But so far, operators are finding that most seniors who put down deposits on new units still plan to move in. That’s according to panelists who spoke on a webinar Wednesday hosted by specialty investment bank Ziegler.
Many senior living recipients of Paycheck Protection Program loans have not filed applications for loan forgiveness, according to data compiled by specialty investment bank Ziegler.
The senior living sector is in the midst of a perfect storm in the insurance marketplace, according to an article published Thursday by the Ziegler specialty investment bank. Claims already were increasing as capacity was shrinking, according to CNA Insurance, the largest writer of senior living liability insurance. Then a global pandemic hit.
Healthcare REITs collect more than 95% of July rent: Nareit … Ziegler arranges $53M construction loan for two seniors housing expansion projects in Pennsylvania … DePaul Senior Living completes 20-bed expansion and renovation in North Carolina … Oldham Goodwin Group opens affordable seniors housing community in Central Texas
Seniors housing and care M&A activity falls to seven-year low in Q2: Irving Levin Associates … New York lawmakers considering rollback of liability protections for nursing homes … Ziegler closes nearly $200M in financing for Acts Retirement-Life Communities … ConcordRents breaks ground on $32M affordable seniors housing community near Melbourne, FL … Investcor completes renovation of historic Texas assisted living facility
