News

11/21/2017

Lancaster Pollard CEO Nick Gesue Featured on Conquering Columbus

Conquering Columbus, a brand and podcast connecting people in Columbus Ohio recently interviewed Lancaster Pollard CEO Nick Gesue about his 17 year path from intern to CEO. Nick discusses his childhood, path to Lancaster Pollard, and how his passion for learning and self-improvement helped drive his early success. The discussion concludes with ORIX’s recent acquisition of Lancaster Pollard and Nick’s new responsibilities within the organization.


10/18/2017

Lancaster Pollard Remains Leader in Seniors Housing Lending Activity

The U.S. Department of Housing and Urban Development (HUD) recently released production data for its Lean mortgage insurance program, which finances seniors housing properties, for the fiscal year ending Sept. 30, 2017. Over the course of the fiscal year, the program closed $3.4 billion of loan volume, an increase of 20% as compared to 2016. Lancaster Pollard led all lenders in transactions closed and total loan amount, at 79 and $769.3 million respectively. 

Jennings at Brecksville: Life As It Should Be
10/16/2017

Jennings at Brecksville: Life As It Should Be

When Jennings at Brecksville officially opened on August 8 of this year, it was a picture perfect day for a dedication and opening ceremony. Jennings President and CEO Allison Q. Salopeck welcomed the large gathering outdoors at the building’s entrance, followed by a dedication mass. The Most Reverend Bishop Roger Gries, OSB, celebrated the gathering by blessing the new assisted living (AL) residence. Guests gathered in fellowship, explored with tours, and enjoyed a delicious assortment prepared by Jennings’ culinary services staff. Joining the celebration were new Jennings at Brecksville residents, who relished the event with their families.

Rating Agencies Update: Margins under Pressure but Balance Sheets Improve
10/11/2017

Rating Agencies Update: Margins under Pressure but Balance Sheets Improve

After one of the best years in recent memory in 2015, the last 18 months have been a challenge for nonprofit hospitals. A tight labor market coupled with lackluster investment returns resulted in a deterioration in excess margin. Consequently, debt service coverage was weaker in 2016. However, balance sheets continue to strengthen, as most hospitals and hospital systems continue to deliver. Readers may recall that 2014 showed improvement for the higher rating categories (A-rated and above), but the lower investment-grade and non-investment grade categories struggled. In 2015, the positive trend continued for the higher rated providers, but the improvement was more widely disbursed. In 2016, the trend reversed as median ratios deteriorated for all rating categories. 

Push & Pull: Private Equity and Public REITs
10/9/2017

Push & Pull: Private Equity and Public REITs

In 2017, we saw several high-profile senior living transactions whereby a large public real estate investment trust (REIT) sold to a private equity buyer. 

Medicaid Block Grants and the Prospective Effect on Providers
10/9/2017

Medicaid Block Grants and the Prospective Effect on Providers

Obamacare repeal has become a zombie. It won’t die, but it’s not exactly living either. The fact that it won’t completely die is telling, however, and signals that the possibility of repeal will likely linger as an issue through the next several election cycles. Of the many difficult aspects of reforming health care, perhaps the most debated is what to do with Medicaid spending and block grant proposals. And no matter what form the zombie resurfaces in down the road, be it repeal or reform, there will be big questions regarding the future of Medicaid. Below, we take a close look at Medicaid spending trends and detail what recent block grant proposals might look like if they were to become reality. 

Using Big Data to Address the Growing Health Care Worker Shortage
9/26/2017

Using Big Data to Address the Growing Health Care Worker Shortage

One of the significant problems looming over long-term care (LTC) facilities is the growing issue of worker shortage. Turnover rates range from 55% to 75% for nurses and aides and sometimes even over 100% for aides. Addressing the issue with implementable solutions is vital, as staff ratios and retention are one of the critical benchmarks measured in the mandated Five-Star Quality Rating. 

9/13/2017

ORIX USA Acquires Lancaster Pollard

ORIX USA (ORIX), a division of leading international financial services group ORIX Corporation, announced today the acquisition of Lancaster Pollard Holdings, LLC (“Lancaster Pollard”). Based in Columbus, Ohio, Lancaster Pollard is a provider of integrated investment banking, mortgage banking, balance sheet lending and private equity services focused on the full continuum of senior living and healthcare clients. Lancaster Pollard is also a leading FHA/HUD Lean senior living lender. After signing a definitive agreement to acquire Lancaster Pollard on June 9, 2017, ORIX completed the transaction on Sept. 12, 2017. 

Merging Innovative Design and Practical Finance
8/14/2017

Merging Innovative Design and Practical Finance

The American Institute of Architects (AIA) holds a juried competition each year that bestows awards on senior living design projects that meet or exceed industry norms in significant ways. The projects are highlighted in AIA’s Design for Aging Review. The competition and publication give architects and providers an opportunity to demonstrate innovative solutions that improve residents’ quality of life. The Review is designed as a reference for other providers, developers and architects who may have similar project goals.

Looking for a Financing Solution: It Pays to Keep Your Options Open
8/13/2017

Looking for a Financing Solution: It Pays to Keep Your Options Open

Antelope Valley Healthcare District (AVHD) and Tri-City Healthcare District (TCHD) are similar in many ways.