Fed ‘may have gone too far’ with rapid interest rate increases, expert says
By
Kathleen Steele Gaivin
Jun 14, 2023
A risk exists that the Federal Reserve “may have gone too far” with rapid interest rate increases over the past 14 months or so “and won’t know until they’ve gone farther,” Mary Ludgin, senior...
Occupancy higher at entrance fee CCRCs compared with rental CCRCs
By
Kathleen Steele Gaivin
Mar 01, 2024
The occupancy rate for entrance fee continuing care retirement / life plan communities was greater than 90% in the fourth quarter of 2023, according to Omar Zahraoui, principal at the National Investment...
Lender gives reasons to be ‘bullish’ on senior housing and care
By
Kathleen Steele Gaivin
Sep 30, 2021
The senior living sector no doubt has seen pandemic-related challenges, but “the fundamentals of the business are sound,” according to Matthew Ruark, senior vice president of commercial and healthcare...
Nursing, residential care facilities lost 11,000 jobs in November
By
Kathleen Steele Gaivin
Dec 07, 2021
Healthcare added 2,000 jobs in November, but nursing and residential care facilities lost 11,000 jobs, according to a report released Friday from the Bureau of Labor Statistics.
‘Needs-based character’ makes senior living attractive to investors, expert says
By
Kathleen Steele Gaivin
Sep 22, 2021
Senior housing is still in recovery mode from the COVID-19 pandemic, but the sector still offers investment opportunities, according to Robb Chapin, a partner at Bridge Investment Group.
What the inflation rate increase to 8.5 percent means to senior living
By
Kathleen Steele Gaivin
Apr 14, 2022
The inflation rate is higher than it’s been in almost 40 years, and the consumer price index increased 1.2% in March on a seasonally adjusted basis after rising 0.8% in February, the Bureau of Labor...
Staffing shortages ease for SNFs, but they’re not out of the woods yet
By
Kathleen Steele Gaivin
Oct 18, 2022
Skilled nursing properties reporting shortages of nursing staff dropped from 28% in January to 20.8% in September, according to the National Investment Center for Seniors Housing & Care.
Creativity is key to recruiting, retaining quality workers in new era, experts say
By
Kathleen Steele Gaivin
Sep 15, 2022
Employers must get creative to recruit and retain the best workers, executives at Paychex told National Investment Center for Seniors Housing & Care Chief Operating Officer Chuck Harry during a recent...
‘Pervasive’ staffing shortage poses dilemmas for skilled nursing sector
By
Kathleen Steele Gaivin
Oct 25, 2021
Staffing shortages have become “pervasive” nationwide since the pandemic began, and the acute shortage of nursing staff and aides in skilled nursing facilities likely has not hit rock bottom yet, National...