Trustwell Living almost doubles in size with addition of 24 communities
By
Kathleen Steele Gaivin
Oct 13, 2023
Trustwell Living has almost doubled the number of communities under its management with the transition and rebranding of 24 communities across Arizona, Indiana, Iowa, Louisiana, Oregon, Texas, Washington...
November sees moderate hiring growth, slowdown in wage growth: ADP
By
Kathleen Steele Gaivin
Dec 08, 2023
Private-sector job growth moderated in November with the addition of 103,000 jobs in the month, according to an ADP National Employment Report Economy Lab released Wednesday. Meanwhile, annual pay rose...
Investors have ‘growing pool’ of senior living opportunities
By
Kathleen Steele Gaivin
Feb 20, 2024
Senior living investors have a “growing pool of opportunities” this year, and they span the risk spectrum, Shashank Goel, assistant vice president in the transactions group at Harrison Street, wrote...
Senior housing sector posts positive total return: NIC
By
Kathleen Steele Gaivin
Jun 07, 2023
The senior housing sector posted a total return of 0.11% in the first quarter, up from a decline of 0.88% total return in the previous quarter, according to a National Investment Center for Seniors Housing...
Property, professional liability insurance costs major culprit as operating expenses increase
By
Kathleen Steele Gaivin
Oct 21, 2022
Increases in property and professional liability insurance costs are major contributors to runaway operating expenses for long-term care providers, according to results of the latest Executive Survey Insights...
Holidays complicate pay calculations for employees taking FMLA leave
By
Kathleen Steele Gaivin
Jun 12, 2023
If an employee takes a full week of leave under the Family and Medical Leave Act during a week with a holiday, then the employee does not get additional pay for the holiday and must use a full week of...
Evidence points to improving job market in senior living, economist says
By
Kathleen Steele Gaivin
May 03, 2023
“There’s evidence of improvements in the job market for senior housing,” Beth Burnham Mace, National Investment Center for Seniors Housing and Care chief economist and director of outreach, said...
CCRC occupancy continues to outpace non-CCRCs across all care segments: NIC
By
Kathleen Steele Gaivin
Dec 07, 2023
Overall, the third-quarter occupancy rate for continuing care retirement communities / life plan communities continued to outpace that of non-CCRCs across all care segments, according to recent analysis...
Skilled nursing occupancy declines after two months of increases
By
Kathleen Steele Gaivin
Dec 05, 2022
After two months of increases, skilled nursing occupancy declined 40 basis points to 78.4% from August to September, according to the latest Skilled Nursing Monthly Report released by the National Investment...
CCRC demand remains robust: Fitch
By
Kathleen Steele Gaivin
Sep 09, 2022
Favorable demographic trends, with more Americans reaching retirement age, the ability to absorb cost inflation and good access to capital markets, will keep the continuing care retirement / life plan...