An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
BHI Senior Living, an Indianapolis not-for-profit that’s spent more than half a century serving retirees, could be poised to go from incremental to exponential growth—all thanks to the aging of the baby boom generation.
The two sides duking it out over a construction ban on nursing homes spent more than $475,000 over six months to win lawmakers to their sides—a spike of 37 percent over previous years. And that kind of high-stakes fight is about to happen again.
Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.
Mainstreet Property Group LLC plans to launch a new round of private placement fundraising on April 21 using a website run by Oregon-based CrowdStreet Inc. and a mix of traditional advertising in central Indiana.
Zeke Turner, the 36-year-old CEO of Mainstreet Property Group LLC—who frequently sports a boyish grin and a bold-colored dress shirt, but rarely dons a tie—said he’s “just getting started” in transforming the staid nursing home industry.