HCSHQ_102021

Page 2 — Health Care & Senior Housing Quarterly — October 2021 www.crej.com W hen I first think about health care properties – hospitals, doctors offices, labs, etc. – I think about the patients who visit those spaces. When I first think about senior housing, from inde- pendent living to acute care, I think about the residents who call these spaces home. But there’s a second set of people who occupy these spaces who are receiving the majority of the attention within this issue – the employees who work in these buildings. Our caregivers across the spec- trum have taken a proverbial beat- ing these past 18 months. Prior to the pandemic, many of these vital positions were filled by folks who put love, service and passion ahead of a large paycheck – and society benefitted. However, being front- line workers over the course of this daunting pandemic has ushered in a wave of early retirements and general burnout that has sent many companies into a state of free fall as they struggle to hire, train and retain staff. While not unique to these two industries, the staffing shortages among caregivers is shaping both industries in many new ways. In August, 90% of organizations that responded to the National Invest- ment Center for Seniors Housing & Care’s Executive Survey Insights cited attracting community and caregiving staff as their biggest chal- lenge, according to an article by Lana Peck on Page 16. For the past several years there’s been a growing emphasis on the role the built environment plays in occupant wellness. It’s not unusual for articles about this topic to focus on very cool build-outs in new and exciting spaces for office-occupying industries that typically have a lot of money to recruit and retain tal- ent. Senior housing communities on tight budgets or medical tenants scrambling to find someone to run the front desk aren’t exactly the type of flashy clients I would expect to have the time and dollars to imple- ment the latest and greatest in well- ness trends. However, this issue rid me of my naïve thinking. The physical space staff occupies makes a profound impact on staff retention, and there are many ways to prioritize this in design, amenities and management that all compa- nies – from the high rollers to the penny pinchers – can capitalize on to ensure their space gives them one advantage in the recruitment game they are all, unfortunately, playing. Michelle Z. Askeland maskeland@crej.com 303-623-1148, Ext.10 4 Employee-centric mentality HEALTH CARE 3 4 6 8 Navigating & overcoming the challenging unknown Chris Stolzer Supply chain disruptions require lots of creativity Stacey Root Reasons to invest in health care employee retention Paul Stefanski and Sarah Moser MOB investor demand creates opportunities Todd Varney 9 10 11 15 16 17 18 Partnership solutions to address affordability crisis Sam Clark Labor is a critical challenge facing Colorado assets Lana Peck Emergency preparedness changes due to pandemic Gary Prager Know this loan program for developer financing Marina Blackburn and Libby Park 19 19 20 SENIOR HOUSING Letter from the Editor Contents The new superpower is strategic real estate data Jake Dinnen and Fady Barmada Consider making infection prevention personal Michelle Koca Trends in action: A connection to the community Sara Parsons and Brenda Chrisman The pandemic impacts all aspects of senior living Susie Finley COVID-19 highlights necessity for culture of safety Margie Guerrieri Keys to designing inspired senior communities Len Segel R E A D Y F O R O C C U P A N C Y LOCATED WITHIN SWEDISH MEDICAL CENTER CAMPUS FIRST NEW MEDICAL OFFICE BUILDING on campus in over 30 years DED I CAT ED COV ER ED PA RK ING 90,000 SF OF MEDICAL OFFICE SPACE & 14,000 SF OF RETAIL SPACE P R O P E R T Y F E A T U R E S STEPHANI GASKINS +1 720 528 6346 STEPHANI.GASKINS@CBRE.COM ANNA HEISERMAN 303 583 2099 ANNA.HEISERMAN@CBRE.COM DANN BURKE +1 720 528 6362 DANN.BURKE@CBRE.COM S E E I T T O B E L I E V E I T LISTING BROKERS 5 0 0 E H A M P D E N A V E N U E | E N G L E W O O D , C O