In an industry that is rapidly evolving and expanding, leading senior housing providers are looking outside traditional avenues of recruitment to obtain the greatest and brightest candidates to fill key activity program and management roles.  Cindy Smith, Greystone Human Resources Corporate Vice President, and other industry professionals, weighed in on new ways to recruit senior living talent.

Click here to learn more.

Business Talks

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The Terraces of Boise has is making under construction and making progress on building its 161 independent living units, 40 assisted living units, 24 memory support suites and 48 skilled nursing beds occupying 12.6 acres in the Harris Ranch area of Boise, Idaho.  The Terraces will be a full Life Care community sponsored by Cornerstone Affiliates, an affiliate of American Baptist Homes of the West.

The development timeline calls for an opening in June 2015. Greystone is serving as development consultant at The Terraces. See images of early construction in the gallery below.

Learn more about The Terraces of Boise.

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New photos show construction of East Ridge at Cutler Bay Retirement Village, a SantaFe Senior Living Community in Cutler Bay, FL. The $70 million expansion for Miami-Dade County’s only life care community will refresh residential service areas and add new memory support, assisted living, skilled nursing and a state-of-the-art rehabilitation center. Greystone is serving as development consultant.

See photos of East Ridge Retirement Village in the gallery below.

Click here for more information on East Ridge at Cutler Bay.

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Seniors have much to contribute to the economy, says former Reagan economist

The rapid growth of the aging population provides the U.S. with a wealth of highly educated seniors who can continue to contribute to the economy, said economist Arthur Laffer.

Laffer, who first gained prominence during the Reagan administration as a member of President Ronald Reagan’s Economic Policy Advisory Board, spoke this week to over 240 senior living professionals at the Greystone Event.

The annual meeting of senior living professionals took place last week at the Four Seasons Resort and Club Dallas at Las Colinas.

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WEBCAST: CCRCs: Looking To Grow…Or At Least Consolidate

The economy is trending upwards, occupancy is stabilizing as the housing market rebounds, and demographics going forward couldn’t be better for the industry. CCRC operators are again thinking about growth—typically adding a memory care wing, merging with a like-minded organization, or affiliating with an outside agency or business: home health, hospice, pharmacy, adult day care, you name it. Times have changed, consumers are changing, and CCRC operators are changing, too.

The panel is comprised of: Susan Brecht (Moderator), President, Brecht Associates, Inc.; Dan Cinelli, Principal and Director, Perkins Eastman; Dan Hermann, Senior Managing Director-Head of Investment Banking, Ziegler and Stuart Jackson, First Vice President, Greystone.   During this webcast, the panel will discuss:

  • Why grow? Did the recession create demand?
  • Does geography matter?
  • What are CCRCs buying? Who are their partners?
  • How are they financing their deals?
  • What’s the new (next) look?
  • How are resident contracts affected?

The webcast will take place Thursday, July 24, 2014, 1:00 pm ET.  Click here to reserve your spot.

Merger & Acquisition


Aging Americans Play Key Role in National Economy

Economist, Dr. Arthur B. Laffer, addressed over 240 attendees at The Greystone Event, noting that while many providers are planning ahead for the amount of seniors expected to double by 2050.  He emphasized the impact seniors have on the national economy as a whole as both powerful consumer and voter.

“Seniors are like everyone else, just older,” Laffer says. “They like to make money, the like to shun things they dislike — they may have different tastes in what they buy, but they’re buying. And they are incredibly important to the economy.”

Click here to read more.

Dr. Laffer