Multi-Site Senior Living

For the past several years, the National Investment Center for Seniors Housing & Care (NIC) has partnered with Ziegler to provide additional insights into the occupancy, growth, and other key indicators for the Life Plan Community (LPC) sector. This article summarizes the 1Q 2024 metrics for Life Plan Communities by level of living and also in comparison to the non-LPC community types. This analysis covers the primary and secondary markets across the U.S. that are tracked by NIC MAP^®.

On July 1, 2024 CMS will launch a new voluntary nationwide model – Guiding an Improved Dementia Experience (GUIDE). GUIDE is a model that aims to support people living with dementia outside of a skilled nursing facility. While the program was announced in July 2023, its impact and relevance to Life Plan Communities remains relatively unknown. We believe it is important for Life Plan Communities to understand GUIDE and how this program impacts residents and creates an opportunity for providers. In this webinar we heard directly from experts on the key attributes of the GUIDE program and its impact on Life Plan Communities. The session included best practices to implement the model in the life plan setting, to include appropriately leveraging existing staff and resources.

Ziegler is pleased to provide “pop-up” educational events throughout the year as new regulations and programs affecting senior living emerge. Please join us next week when Ziegler’s Mid-Atlantic Banking Team discusses the “Impact of Medicare’s “GUIDE” Model on Life Plan Communities.”

Ziegler is pleased to announce the successful closing of John Knox Village’s $42,290,000 Series 2024 Tax-Exempt Bonds. Headquartered in Lee’s Summit, MO, the Village will primarily use bond proceeds to finance the cost of replacing an existing 35-unit building with a new 52-unit building to be called Courtyard E.

More than ten years ago Ziegler conducted a CFO Hotline^SM poll on the topic of Dining Contracts and nearly 140 organizations responded to that survey. Recently we reissued the survey to see what has changed over the last 10+ years. Nearly 200 CFOs and finance professionals responded — the majority from not-for-profit Life Plan Communities.

Ziegler is pleased to announce the successful closing of BHI Senior Living’s Series 2024AB Bank Loans. BHI will finance two phases of new construction at its flagship Hoosier Village campus located in Zionsville, IN, primarily consisting of 20 independent living townhomes.

Ziegler is pleased to announce its role as exclusive financial advisor to Bethesda Senior Living on the sale of an assisted living community in Grand Junction, CO. Cornerstone Management purchased the community in conjunction with a private real estate fund and took over operations on May 1, 2024.

One of the most popular sessions at our recent CFO Workshop was titled, “Exploring AI & Robotic Technology for Senior Living.” This week we dive into some of the content shared in that session, providing additional market insights on AI and how its use is expected to impact healthcare workflows, and provide a learning roadmap for Gen AI.

Ziegler is pleased to announce the successful closing of HutsonWood at Spring Hill’s Series 2024 Revenue Bond Anticipation Notes. BANs proceeds will be used to acquire approximately 20 acres of land and to finance pre-construction development costs related to an expansion and repositioning of an existing skilled nursing and assisted living community located in Spring Hill, TN.

In May 2024 a Ziegler CFO Hotline^SM survey gathered feedback related to Resident Dining Contracts. Nearly 200 organizations participated in the survey. The respondent pool is heavily weighted towards Not-for-Profit Life Plan Community organizations.