Greystone, a leading national commercial real estate finance company, has provided a $23.8 million HUD-insured loan to refinance a newly-expanded 220-unit seniors housing and healthcare services campus in Elkhart, Indiana. The financing was originated by Lisa M. Fischman, Vice President in Greystone’s New York office on behalf of non-profit Hubbard Hill Retirement Community.  Located on 70 acres in Indiana, Hubbard Hill is a faith-based, non-profit, continuing care retirement community with independent living, assisted living, long-term skilled nursing & short-term rehab, and the groundbreaking Living Wisdom Center for Dementia. Residents of the sprawling wooded property have access to the community’s 2-acre Sr friendly park with waterfalls and stocked ponds, gorgeous  courtyards and trails throughout campus, a wellness center, 150 seat chapel, and 2 restaurant style dinning venues and Bistro.  

Read the full article at: www.multifamilybiz.com

COVID secure appointments to view a new retirement complex in a village on the outskirts of Chester can now be made.  Apartments at The Cedars on Old Hall Street, Malpas are due to be available in the Spring.  There has already been considerable interest in the site since construction began – with 35 per cent of the properties sold.  The development consists of 23 one and two bedroom modern apartments for those over 60 as well as private parking.  There will be a homeowner’s lounge for events and socialising, a guest suite for visiting family and friends, and lifts to all floors.  

Read the full article at: www.chesterstandard.co.uk

Fellowship Community’s Lisa Vercusky had been looking for new ways to engage with memory care residents when an online search at home led her to a tool common in Europe but virtually unheard of in the United States.  The next morning, the corporate quality officer at the 362-unit Whitehall, PA, community took the concept for a table-top virtual activity center directly to David Sutter, director of IT operations.  The Magical Memory Table the team cobbled together over the next year is the Gold winner in the Quality category of the Senior Living track of the 2020 McKnight’s Excellence in Technology Awards. The project combines specialty software with a commercially available computer and projector to cast colorful, interactive videos onto a table. A motion-depth camera makes items respond as residents use their hands to catch virtual fish, move vividly colored balls or bricks or pick flowers.

Read the full article at: www.mcknightsseniorliving.com

Taking the handles off doors to trap potentially COVID-positive seniors in their rooms was so “disturbing” that the president of the company that owns the retirement home in Durham Region was furious.  Now David Bird — president and CEO of Diversicare Canada, which operates White Cliffe Terrace in Courtice — has apologized.  “We are connecting with residents and family members to let them know what happened, how truly sorry we are, and the steps we are taking to prevent this from happening again,” he told the Toronto Sun in a statement Saturday.

Read the full article at: torontosun.com

The infamous economic downturn of 2009 presented an obstacle to that growth that the staff hurdled in 2010 by joining forces with other sole proprietors.  To keep busy and skills sharp, the group entered a design competition for a 73-unit multifamily senior project in El Paso, Texas. This competition delivered way more than bragging rights to the winner. Firms vied for the job to build what they came up with. Stakes were as high as the urge to create the winning design. Yet, backed by a strong team, the win was in the bag...

Read the full article at: graphisoft.com

“Travel will be viewed as an antidote to isolation and disconnection,” wrote the home rental company, which pulled together insights gleaned from a year of data spanning mid-2019 to late 2020 as well as a public poll conducted in December 2020. And according to its findings, travel is the out-of-home activity Americans have missed the most, with 54% planning to travel in 2021.

Read the full article at: www.fastcompany.com

Muji is joining the ranks of companies, including IKEA, looking to meet the demand for affordable senior housing through prefabrication. Based in Japan, Muji has grown from a retailer of home goods to an internationally recognized brand with more than 500 stores in urban centers such as New York City, where it also offers products …

Kate speaks with Anni Kern, Head of Communication, strategy, and teams at Cybathlon for over four years. She describes the motivation and concepts for the Cybathlon organizations to develop a common platform to remove barriers between people with disabilities, technology developers, and the public. Anni also describes the specifics of Cybathlon competitions where people with disabilities compete doing everyday tasks using assistive robot systems.

Read the full article at: irishtechnews.ie

We rated every state, plus Washington, D.C. on how retirees are taxed. We considered taxes on Social Security and other retirement income, tax exemptions for older residents, and the state's overall income, property and sales taxes.  Relocating in retirement is a rite of passage for many Americans, especially those with warmer climes on their minds.  But before you move for better weather, to be closer to the grandkids, or whatever, you should take the temperature of your budget -- and how taxes and the cost of living will have a lasting impact in your golden years. Lower housing costs, for example, in a particular state could make your retirement savings last longer.  You also need to factor in state and local taxes in your destination location. They will certainly play a role in your bottom line. 

Read the full article at: www.kiplinger.com

In almost a year, the COVID-19 pandemic has upended decades of conventional wisdom about the nature of work. Employees across industries continue to demonstrate that productivity isn’t measured by hours spent at a desk or in an office, but by qualities like diligence, ingenuity, and resilience.  By the same token, the pandemic has also illuminated the true benefits of coming into the office – much of which positively impacts mental health: social interaction, in-person collaboration and innovation, and mentorship. While some degree of remote work is likely to become a permanent facet of our new normal, only 12% of U.S. workers say they want to continue doing it full-time.  

Read the full article at: facilityexecutive.com

Plans to create a huge retirement complex which included the revamp of an historic building have been thrown out.  Developers McCarthy and Stone Retirement Lifestyles Ltd and Kimberley Developments Ltd had hoped to build 48 apartments and convert Aldridge Manor House into seven flats and three homes on the land off Little Aston Road in Aldridge.  But Walsall Council planners felt the design and size of the scheme would have a negative impact on the listed building.  Officers also raised concerns about a lack of affordable housing provision as well as drainage and tree protection issues.

Read the full article at: www.expressandstar.com

As part of a larger redevelopment of the site into a senior living community, a developer proposes to rehabilitate the Motherhouse into senior housing. As a former convent, the structure has wide hallways, common areas, grand stairways and the stunning three story chapel complete with stained glass windows, altar, and a grand organ.  The building will be converted into 66 affordable and 22 market rate senior apartments and the common areas will be preserved to serve future phases of the redevelopment.

Read the full article at: www.portlandlandmarks.org

“Last year, we thought that the 2020s would be a transformative decade — what an understatement. 2021 will set forth a new era in health care and senior living at large as a result of the pandemic.” These are the words of Ascension Living President Danny Stricker, but numerous other top executives in the industry …

Read the full article at: seniorhousingnews.com

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