Seniors Housing Business

FEB-MAR 2015

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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Healthcare Leasing and Finance Solutions You Can Count On business, and we can provide the expert support you need to finance your equipment, fast. More than 20 years in business Specific market expertise & value proposition created for the not-for-profit aging industry Competitive finance rates, without the typical bank restrictions Leasing and finance solutions from $5,000 to $50,000,000 Ability to preserve existing credit lines & conserve working capital Financing for a wide variety of equipment types and technology solutions including: IT Hardware/Software Satellite TV Systems Telecom Systems Rehabilitation, Exercise & Therapy Equipment Healthcare Equipment Summit Funding Group - straightforward, fast and reliable leasing and financing solutions you can count on. 888-470-3902 | www.summit-funding.com At Summit Funding Group, we understand your the advancement of the furniture materials. Furniture can now look attractive, but still be washable and stand up to abuse. "The fnishes have come a long way in being able to be very durable but less institutional," says Rohde. "The technology has gotten so much better, providing printed vinyls and Crypton for upholstery solutions." In regard to furniture, Kwalu's Zusman says it was initially dif- fcult convincing some high-end communities to switch from using wood to a more durable faux-wood material. The percep- tion was that wood conferred a sense of upscale living. But that quickly changed following the recession. Once both the aver- age age and acuity levels of their residents increased, providers had to contend with the reality of more walkers and wheelchairs, which put a heavier load on the furniture. "Providers constantly complain to us that their wood furniture is getting beaten up too quickly," says Zusman. "I am glad we can offer them a better solution." Fitting within a budget The new furniture materials can be found for any budget, says studioSIX5's Maddalena, and developers need to decide the budget beforehand to be cautious. Fabric for upholstered furniture can range anywhere from $16 per yard to over $100 depending on the style and quality. "When you're dealing with 18 to 20 yards (of fabric) on a sofa, that has a huge price swing on the cost of that furniture," says Maddalena. The average cost of furniture and other interior design elements for a 90-unit community ranges from $550,000 to $700,000, and increases between 3 percent and 5 percent each year due to the rising cost of materials, says Maddalena. Thrive always considers lon- gevity when choosing materials, often fnding that more durable materials will make up for higher costs by lasting longer. Technological advancements help improve the lighting and fooring of seniors communities, too. Long-lasting, easily main- tained carpeting is available. So too are non-slip hard surfaces. A variety of styles enable any seniors housing community to take advantage of new technology regardless of budget, particularly for lighting fxtures, says Thrive's Furniture designed by Maddalena for studioSIX5 and available through Kwalu features seniors- friendly features like reinforced wheels and built-in tables and cup holders. Pictured are the Arezzo outdoor love seat, top; Vitolini end table, above; and Sassari lounge chair, right. www.seniorshousingbusiness.com 47 February-March 2015 n Seniors Housing Business

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