HUD announces competition for $150 million in funding for Section 202 Supportive Housing for the Elderly, with applications due in May … Direct care workers remain undervalued and underused in the long-term care sector: report … HHS opens COVID-19 vaccines to seniors in independent living, affordable housing … Increased penalties for nursing homes likely under Biden administration: experts
Aegis Living and senior housing private equity investor Blue Moon Capital Partners entered a second joint venture Tuesday with the acquisition of 10 communities across California, Washington and Nevada from real estate investment trust Healthpeak Properties.
Brookdale Senior Living reported new occupancy lows as 2020 ended, with a December weighted average occupancy and month-end occupancy of 71.5%.
The occupancy rate within majority assisted living properties declined again in December, falling to 77.7%, according to the latest intra-quarterly snapshot released Tuesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. Assisted living occupancy is down 7.4% since March, according to the report.
The final deadline for the receipt of nominations for the 2021 McKnight’s Women of Distinction awards is now here. Submit yours by midnight tonight.
Benchmark Senior Living becomes part owner and assumes operational management of Connecticut CCRC … Biden presidency could see expanded role for CMS … Gardner Capital breaks ground on new senior living community in Hurst, TX
Lawrence Cohen, a senior living industry veteran and former CEO of Capital Senior Living, has taken the helm of newly launched senior living operating firm Trustwell Living, joined by three additional long-time colleagues.
Real estate investment trusts with a large share of skilled nursing operators in their portfolios are likely to see occupancy rates recover more quickly than the more elongated recovery of senior living-focused REITs, thanks to the greater government support that SNFs have received amid the COVID-19 pandemic. That’s according to an analysis released last week by investment banking firm BMO Capital Markets.
Midnight tomorrow is the final deadline for the receipt of nominations for the 2021 McKnight’s Women of Distinction awards.
HHS extends public health emergency to April … ACG, Artemis complete acquisition of two senior living facilities in Oregon and Washington … Draper and Kramer purchases 121-unit senior living community near Dallas … Premier Senior Living to develop senior living community near St. Louis … McShane Construction to build active senior living community in Hendersonville, TN … Real estate firm Presidium completes first luxury active adult community in Frisco, TX
Although the COVID-19 vaccines are expected to become more widely available as the first quarter continues, investment banking firm BMO Capital Markets is predicting an elongated recovery for the senior living industry, with cash flows not recovering to pre-pandemic levels until about 2025. That’s according to an analysis released Thursday by the firm.
Dallas-based operator Capital Senior Living has completed the previously announced exit of all its triple-net lease agreements and has established a new management services business to aid future growth.
Despite evidence that residents within one of the best-known alternative nursing home models, the Green House Project, have fared much better amid the COVID-19 pandemic than those in traditional skilled nursing facilities, the nation’s adoption rate of this model remains relatively slow. In fact, currently only 300 Green House nursing homes exist nationwide, according to a new report from the AARP.
FL senator calls for investigation into the state’s vaccine distribution after reports of senior living facility CEO offering immunization to wealthy donors … SBA and Treasury re-open PPP under new guidance … Nursing and residential care facilities lost another 13,400 jobs in December … Auerbach Funds and Prado Senior Living acquire California assisted living and memory care community … Kisco Senior Living purchases Irvine, CA-based Atria Park of Woodbridge
The coronavirus pandemic continues to negatively affect occupancy in senior living, with percentages released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service representing all-time lows for the sector.
Occupancy rates at nursing homes across the country continued to be depressed in October, according to data from the latest Skilled Nursing Monthly Report, published by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.
EEOC proposes rules to address the level of incentives employers can offer in wellness programs without violating ADA or GINA … Minority, women-owned businesses to get first shot at next round of PPP loans … First round of COVID-19 vaccinations in nursing homes should be complete by the end of the month … Life Care Services selected to manage the Rose Senior Living portfolio of six senior living communities … Senior Living Investment Brokerage facilitates sale of Portland, OR memory care community … Cushman & Wakefield arranges refinancing loan for San Antonio seniors housing property
Wealthy donors to a West Palm Beach, FL, nursing home and assisted living organization were offered early access to COVID-19 vaccinations, according to a report published Monday evening in the Washington Post.
When it comes to retirement, many older adults say they’re most interested in having access to an indoor pool, an exercise area and outdoor space, according to a new poll of more than 200 adults aged 60 or more years conducted by senior living marketing and advertising agency Craft & Communicate.
Senior living and care operators and other organizations that use temporary workers or contractors through staffing agencies now have some clarification from the Department of Labor around the standard for when a worker should be deemed an employee versus an independent contract under the Fair Labor Standards Act.
