News

October 31, 2018

PRWeb

Wedgewood Investment Group, LLC CEO Rudy Trebels attended the 2018 NIC Fall Conference, October 17-19 in Chicago

 

Rudy Trebels has completed more than $1 billion in transactions serving more than 100 lenders and investors.  Trebels was interviewed during the conference by NIC TV.  [READ MORE]

 

 

October 29, 2018

PRWeb

Wedgewood Investment Group, LLC CEO Rudy Trebels was a sponsor at the 2018 Drive Fore Hope Golf Tournament Supporting Boys Hope Girls Hope of Illinois

Press Release

 

Boys Hope Girls Hope, founded in 1977, provides at-risk children with a stable home, high quality education, and the support they need to reach their full potential.  [READ MORE]

October 26, 2018

PRWeb

Wedgewood Investment Group, LLC CEO Rudy Trebels is featured in the latest issue of Seniors Housing Business Magazine

 

The article by Trebels in the magazine’s latest issue, which is now shipping to subscribers, highlights recent “earth-friendly” trends in the planning, construction and operation of senior housing developments.  [READ MORE]

October 17, 2018

NIC TV

Rudy Trebels: “Where capital meets operator developers”

 

Wedgewood CEO Rudy Trebels leads off the NIC Fall Conference video, now on YouTube.  [READ MORE]

 

 

October 10, 2018

Wall Street Journal

How to manage paying for retirement housing

 

When you compare your home expenses to all that’s included in either independent or assisted living, you may be actually surprised.  [READ MORE]

 

September 13, 2018

Senior Housing News

Tech, retail trends to drive ‘un-bundling’ of senior housing services

By Tim Mullaney

 

Several senior living companies take a page from the hotel industry’s playbook, offering a greater variety of service packages and price points.  [READ MORE]

August 21, 2018

Forbes

Will boomer solo agers move to senior housing?

By Sara Zeff Geber

 

Solo agers (people who don’t have children or are aging alone) need to consider where they might live later in life–before a crisis happens. [READ MORE]

 

July 12, 2018

PRWeb

Wedgewood Investment Group, LLC CEO Rudy Trebels was a dinner host during 2018 InterFace Seniors Housing Midwest Conference in Chicago

Press Release

 

Wedgewood CEO Rudy Trebels hosted a small exclusive dinner at the conference which focused on the state of seniors housing investment, development and operations in the Midwest.  [READ MORE]

 

 

 

July 7, 2018

PRWeb

Wedgewood Investment Group, LLC CEO Rudy Trebels a host at winetasting fundraiser for Boys Hope Girls Hope Illinois

Press Release

 

Wedgewood CEO Rudy Trebels; has served for many years on the Governing Board of the Illinois charity which helps academically capable and motivated children in need to meet their full potential.  [READ MORE]

 

 

June 15, 2018

Chicago Tribune

Housing options for single seniors

By Kaitlin Pitsker

 

Life plan communities offer living arrangements that range from independent living to skilled nursing, with people moving from one setup to the next as their needs change.  [READ MORE]

May 1, 2018

NIC Blog

How investor giant Carlyle Group evaluates opportunities in the seniors-housing industry

 

Carlyle Group has been investing in seniors housing for more than 15 years, and we have acquired or developed 16,000 units in 100 communities with a total capitalization of about $4 billion.  [READ MORE]

 

 

April 8, 2018

Senior Housing News

70% of nonprofit senior living CEOs to retire in 10 years

By Mary Kate Nelson

 

The CEO position isn’t the only senior living role that’s expected to see significant turnover in upcoming years.  Approximately 18% of not-for-profit senior living CFOs are predicted to retire within the next five years, and an additional 43% are expected to retire in five to 10 years.  [READ MORE]

 

April 4, 2018

i Advance Senior Care

Senior housing finds success with smart-home technology

 

Senior housing provider Front Porch recently wrapped a pilot program involving Amazon.com’s Echo device and various “smart home” technologies at Carlsbad by the Sea, a Front Porch continuing care retirement community (CCRC) in Carlsbad, California.  Front Porch manages and operates 11 full-service retirement communities throughout the Golden State.  [READ MORE]

March 27, 2018

Bild & Company

Remain viable: Shift your senior-living marketing message

 

10,000 Baby Boomers retire each day. These Boomers have an average of $263,000 in their contribution plans...even though they think they’ll need $658,000 for retirement.  [READ MORE]

March 25, 2018

PRWeb

Wedgewood LLC CEO Rudy Trebels releases statement on the passing of philanthropist and financier Gregory Burt

Press Release

 

Philanthropist and financier Gregory Ward Burt and his wife, Suzie Glazer Burt, have funded a new Boys and Girls Club, currently under construction on the Drake University campus in Des Moines, Iowa.  [READ MORE]

March 7, 2018

Senior Housing News

Here’s where senior housing rent is growing fastest

By Mary Kate Nelson

Charleston recorded the highest seniors housing rent growth nationwide between the fourth quarter of 2016 and the fourth quarter of 2017, with rent in that market growing almost 8% year-over-year. The markets with the second- and third-highest seniors housing rent growth during that time period were Augusta, Georgia, and San Jose, California, respectively. [READ MORE]

February 5, 2018

USC School of Gerontology

Connecting nutrition and successful aging

By Orli Belman

Results from the gerontology lab at the University of Southern California — including clinical trials showing that cycles of a five-day fasting-mimicking diet can reduce risk factors for many life-threatening diseases — drive calls for change in kitchens for seniors. [READ MORE]

February 4, 2018

Senior Housing News

High-rise building boom continues

By Tim Mullaney

 

New York City, Washington D.C., Fort Lauderdale and Tempe are among the metro areas where high-rise senior living buildings will be altering the skylines.  [READ MORE]

January 1, 2018

A Place for Mom

Top senior housing trends for 2018

By Kimberley Fowler

 

Senior housing is moving away from a “one size fits all” approach, focusing this year rather on the person as an individual, with a desire and need for customized care and housing.  [READ MORE]

 

December 31, 2017

Kaiser Health News

Trump administration relaxes financial penalties against nursing homes

By Jordan Rau

 

The new guidelines discourage regulators from levying fines in some situations, even when they have resulted in a resident’s death. The guidelines will also probably result in lower fines for many facilities.  [READ MORE]

 

 

December 31, 2017

St. Louis Post-Dispatch

Music therapy brings generations together at St. Louis-area nursing homes

By Blythe Bernhard

 

The program brings preschool-age children to nursing homes around the St. Louis area for intergenerational music therapy. The sing-along sessions help both the young and old improve their memory, motor skills and attention spans. [READ MORE]

 

December 20, 2017

Senior Housing News

What the GOP tax bill means for senior housing owners

By Alex Spanko

 

Players in the non-profit long-term care space rallied to protect private activity bonds (PABs), which provide tax-exempt financing for non-profits, and advanced refunding, which allows holders of PABs to refinance once during the first 10 years of the bond issuance. [READ MORE]

 

 

December 10, 2017

NIC

Imran Javaid of BMO Financial Group takes on a new role

By Beth Mace

 

Veteran lender Javaid, with 15 years focused on seniors housing and care, speaks about goal to make BMO Harris Bank one of the top five lenders in the healthcare sector.  [READ MORE]

 

November 30, 2017

Drake Newsroom

Drake University Celebrates Life of Paul Morrison

Press Release

 

Morrison was hired as the first full-time director of the Drake News Bureau in December 1945.  He continued until his death to serve as sports information director.  [READ MORE]

 

November 22, 2017

The Washington Post

More ailing hospitals are being resuscitated as upscale senior living spaces

By Phil Galewitz and Anna Gorman

 

Across the country, hospitals that have shut their doors are coming back to life in various ways: as affordable senior housing, as historical hotels and as condos, including some costing tens of millions in the heart of New York’s Greenwich Village.  [READ MORE]

 

November 21, 2017

Chicago Housing Authority News

Chicago Housing Authority Board Expands Housing Opportunities, Approves Investment in 353 Apartments in Eight Chicago Communities

 

The housing, co-developed with a number of development partners, will bring new affordable housing for veterans, seniors and families across the city, from Rogers Park to Roseland and the Near North Side to Englewood.  [READ MORE]

 

November 21, 2017

Senior Housing News

Senior housing industry headed for “disruptive innovation” and rebranding

 

Says Robert Kramer, founder of and now strategic advisor to NIC: “We’re going to be addressing a new customer, who I think will demand new products [and] will insist on new terminology.”  [READ MORE]

 

November 20, 2017

Drake University News

Central Iowa execs graduate from Drake’s “Leading Others” program

Press release

 

The intensive 18-month Executive Education Center program enhances participants’ ability to lead organizations through times of stability and change.  Sixty percent of the program’s participants experienced a promotion or significant increase in responsibilities while enrolled in the program.  [READ MORE]

 

November 18, 2017

The New York Times

U.S. Housing Starts Vault to One-Year High; Permits Increase

By Reuters

 

U.S. homebuilding jumped to a one-year high in October as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding.  [READ MORE]

 

November 16, 2017

Senior Housing News

Inside the future of university partnerships in senior living

 

A special 27-page report from Senior Housing News shows why creating strong ties with a university is one of the smartest moves a senior housing provider can make.  [READ MORE]

 

November 3, 2017

BHGH International

Boys Hope Girls Hope celebrates 40 years

Blog

 

To celebrate and commemorate our 40th Anniversary, we are eager to collect and share stories—of scholars, parents/guardians, collegians, alumni, volunteers, contributors and team members—from 1977 to today.  [READ MORE]

 

October 31, 2017

The Wall Street Journal

Private-equity firm to spend $100 million to convert 21 Clark St. in Brooklyn NY to luxury senior housing

 

A Florida-based private-equity firm has purchased a high-profile Brooklyn Heights apartment building from the Jehovah’s Witnesses for about $200 million with plans to convert it into luxury senior housing.  [READ MORE]

 

October 25, 2017

Boys Hope Girls Hope of Illinois

Halloween Outreach

Facebook

Women’s board members “decorate the house” just before Halloween with the Girls Hope scholars. [READ MORE]

October 11, 2017

NIC

Seniors housing occupancy rate unchanged at 88.8% in third quarter

The occupancy rates for independent living properties and assisted living properties averaged 90.5% and 86.6%, respectively, during the third quarter of 2017.  [READ MORE]

October 4, 2017

Chicago Tribune

18 buildings, new riverfront park planned for Chicago Tribune printing plant site

The 9-million-square-foot multi-phase plan calls for new buildings and a reimagined riverfront for the 30-acre Freedom Center.  [READ MORE]

September 28, 2017

U.S. Department of Housing and Urban Development

HUD awards $4.2 million in research grants to reduce housing-related health hazards

Press Release

The U.S.  Department of Housing and Urban Development (HUD) today awarded $4.2 million to eight universities and public health organizations to develop new and improved methods to identify and control residential health hazards including lead-based paint, mold, radon and pest infestations.   [READ MORE]

September 15, 2017

Forbes

Why we need more nonprofit senior housing

By Jesse Stone

 

Quality senior housing itself is not enough to solve the problems facing today’s aging — problems including poverty and isolation, which lead to increased risk of death.  Providing affordable, quality senior housing is key and it’s this kind of housing that is, sadly, in short supply.  [READ MORE]

August 18, 2017

The New York Times

Trump Moves to Impede Consumer Lawsuits Against Nursing Homes

By Robert Pear

The push would undo a rule issued by the Obama administration that would have prevented nursing homes from requiring that consumers agree to resolve any disputes through arbitration rather than litigation.  [READ MORE]

 

August 9, 2017

Chicago Tribune

A Good Life Plan

Staff

 

Whether it’s called an LPC, life plan community, or a CCRC, continuing care retirement community, senior communities offer distinct levels of living: independent, assisted, nursing, and memory care.  [READ MORE]

 

 

June 12, 2017

Drake University

Ribbon-cutting ceremony at Drake University for Occupational Therapy Building

Press Release

 

A central feature of the building is the Lifestyle Redesign Center, through which people with mobility challenges and their caregivers can test out a variety of assistive equipment through a simulated bedroom, bathroom, kitchen, living room, grocery store, automobile, and streetscape.

 

June 8, 2017

NIC

Skilled Nursing Property Occupancy Up in Q1

Press Release

 

Managed Medicare reimbursement rate increases for the first time in two years.  [READ MORE]

 

 

June 6, 2017

Senior Housing News

Investors Bullish on Senior Housing in 2017

By Mary Kate Nelson

 

59% of U.S. senior housing investors anticipate increasing the size of their portfolios in 2017. That’s up from 47% in 2016.  [READ MORE]

 

 

March 28, 2017

Inside Wedgewood

Happiness Research Shows Communities Make All The Difference

By Rudy Trebels

 

A community that allows its residents to age in place gives them the opportunity to have a continuing and ever-deepening connection to other people.  [READ MORE]

 

 

March 24, 2017

Hartford Business Journal

Skilled-Nursing Homes Leverage Technology to Improve Care

By Paul Liistro

 

Smart long-term facilities are taking advantage of a robust industry of IT companies producing hardware, writing software and integrating with other developers' products that are achieving ACA-demanded increased levels of productivity and improving patient care.  [READ MORE]

 

 

March 22, 2017

Inside Wedgewood

The Generation of Affluence Continues Its Influence

By Rudy Trebels

 

In the senior housing sector, more and more Baby Boomers are finding high quality of life in independent and assisted living communities that cater to their expectations.  [READ MORE]

 

 

March 20, 2017

Lancaster Pollard

Skilled Nursing Facility Market Outlook Mixed

By Matt Lindsay

 

There are signs of hopefulness as forward-thinking providers invest in ancillary services, intensify focus on quality care, and harness the power of data and technology.  [READ MORE]

 

 

March 13, 2017

Inside Wedgewood

The Rising Demand for Niche Retirement Communities

By Rudy Trebels

 

The choices of these common interest retirement communities have exploded, and include everything from common ethnicity and culture to career, sexual identity, and an entire range of activities and hobbies.  [READ MORE]

 

 

March 12, 2017

Senior Housing News

REITs to Ride Out the Storm

By Amy Baxter

 

Long term, REITs tend to do better overall when the interest rate environment returns to normal.  [READ MORE]

 

 

March 6, 2017

Inside Wedgewood

Long-Term Care and the Continuing Care Retirement Community

By Rudy Trebels

 

“Aging in place” is the term of art used in the Senior Housing Industry, as retirement communities now accommodate independent living, assisted living, memory care and skilled care, all within one campus.  [READ MORE]

 

 

February 23, 2017

Drake University

Survey: 99 Percent of Recent Drake Graduates Found Professional Success

Press Release

 

Drake’s undergraduate accomplishment rate (99 percent) is 10 percentage points higher than the average reported by graduates of similar colleges and universities—based on The Carnegie Classification of Institutions of Higher Education—and the accomplishment rate for recent graduate degree recipients (99.5 percent) is 5 percentage points higher than average.  [READ MORE]

 

 

February 22, 2017

Inside Wedgewood

Ingenuity at Work for Our Seniors: A Bright Future for Senior Housing Options

By Rudy Trebels

 

In cities and towns across the country, the demand for senior housing is bringing out the best in human ingenuity and resourcefulness.  [READ MORE]

 

 

February 16, 2017

Long-Term Care Leader

Federal Court Approves Maintenance Coverage Corrective Statement

 

Manual revisions to restate a “maintenance coverage standard” for both skilled nursing and therapy services.  [READ MORE]

 

 

February 13, 2017

Inside Wedgewood

Skilled Nursing Facilities Improve in Flexibility and Integrated Care

By Rudy Trebels

 

Skilled nursing facilities are evolving qualitatively to provide flexible and integrated care within a welcoming environment to an aging population. [READ MORE]

 

 

February 7, 2017

Inside Wedgewood

The Benefits of Nostalgia in Memory Care

By Rudy Trebels

 

Memory care communities have been responding by designing new facilities as well as renovating portions of existing facilities with memory retrieval and nostalgia in mind.  [READ MORE]

 

 

February 1, 2017

McKnight’s Senior Living

A Future That’s Built on a Solid Foundation

By Lois Bowers

 

ASHA President David Schless speaks about how seniors housing has changed over the years and what the future holds.  [READ MORE]

 

 

February 1, 2017

Chicago Tribune

Move Managers Aid Older Adults with Relocation

By Brenda Richardson

 

The soaring aging population is fueling a rapidly growing industry that helps older Americans organize, downsize and move to a new home.  [READ MORE]

 

 

January 30, 2017

Inside Wedgewood

The Renaissance in Senior Living

By Rudy Trebels

 

From modest to upscale senior living environments, an eye to comfort and beauty has become another recognized element in a healthy lifestyle for seniors. [READ MORE]

 

 

January 24, 2017

Inside Wedgewood

A Starring Role in Memory Care

By Rudy Trebels

 

As memory care facilities continue to evolve in response to new research, lighting has become a key component in memory care design. [READ MORE]

 

 

January 9, 2017

NIC

Seniors Housing Occupancy Again Steady, Asking Rent Growth Strong

Press Release

 

From year-earlier levels, growth was faster for independent-living properties, whose asking rents increased by 4.0%, compared to the 3.1% gain seen in assisted-living properties.  [READ MORE]

 

 

September 9, 2016

CrowdStreet

How to Invest in Senior Housing Real Estate

By Ian Formigle

 

Senior housing is a niche property type that has moved into the mainstream of commercial real estate investing in recent years. Both institutional and private investors have been expanding into senior housing for a variety of reasons. Chief among them is the powerful demographic trend of an aging baby boomer population.  [READ MORE]

    © 2016 Wedgewood Investment Group LLC