Housing Trust Fund bill conveys threat to affordable housing
By
Lois A. Bowers
Dec 11, 2017
Even though a bill negatively affecting the Housing Trust Fund and being considered this week by the House Financial Services Committee may not pass as written — or at all, it is more proof that threats...
AlerisLife names Jeff Leer president and CEO, plans cost cuts, reorganization
By
Lois A. Bowers
Jun 28, 2022
Jeff Leer has been appointed president and CEO of Newton, MA-based AlerisLife, a position he has held on an interim basis since former President and CEO Katie Potter resigned April 30.
Healthpeak sees record year for CCRC entrance fees, cash collection, as merger, potential portfolio sale...
By
Lois A. Bowers
Feb 12, 2024
Denver-based Healthpeak Properties saw a record year of entrance fee sales and cash collection in 2023 for its portfolio of 15 continuing care retirement communities, Chief Financial Officer Pete Scott...
Five Star considers selling communities to address financial woes
By
Lois A. Bowers
Nov 15, 2018
Five Star Senior Living may sell some of its senior living communities or repurpose units within communities to help solve financial issues that cast “substantial doubt on our ability to continue as...
Investors predict senior living rent increases of 3 to 7 percent
By
Lois A. Bowers
Jan 02, 2024
Sixty-six percent of respondents to a newly released survey said they expect rental rate increases of 3% to 7% over the next 12 months for active adult, independent living, assisted living and memory care...
Labor Department issues COVID vaccine requirement for companies with 100 or more employees
By
Lois A. Bowers
Nov 04, 2021
U.S. companies employing 100 or more workers must develop, implement and enforce a mandatory COVID-19 vaccination policy, unless they adopt a policy requiring employees to choose to either be vaccinated...
COVID impact on senior living on track to reach $17 billion, ASHA says, requesting relief
By
Lois A. Bowers
Nov 12, 2020
As the financial impact of the coronavirus pandemic on senior living is on track to reach $17 billion annually, providers need more funds to cover additional expenses and lost revenue, and they need new...
Five Star agreement is ‘best possible solution’ to financial issues, SNH says
By
Lois A. Bowers
Apr 03, 2019
A new agreement between Five Star Senior Living and Senior Housing Properties Trust (SNH) that converts 261 communities from triple-net leases to a RIDEA structure and gives the real estate investment...
LTC Properties defers or abates $2 million in rent as operators feel ‘some stress’
By
Lois A. Bowers
May 02, 2022
Long-term care operators felt “some stress” in the first quarter as they continued to confront labor pressures and inflation, LTC Properties Chairman and CEO Wendy Simpson said Friday during the Westlake...
Inflation, rising rates and mounting indications of a recession present challenges and opportunities for CareTrust REIT and its operating partners, President and CEO Dave Sedgwick said in discussing the...