7 reasons seniors housing is attracting investor interest
By
Lois A. Bowers
Oct 11, 2018
Seniors housing and care properties are attracting much interest from capital providers and investors, and a new report provides seven reasons.
Baby boomers helping occupancy, rent growth in multifamily housing
By
Lois A. Bowers
May 30, 2016
Baby boomers who are retiring, selling their homes and moving to rental apartments are helping to stabilize occupancy and support rent growth in multifamily housing, according to a new report.
Vaccination, labor availability ‘critical’ to restoring occupancy, performance: Omega
By
Lois A. Bowers
Nov 08, 2021
The rollout of COVID-19 vaccines has helped stem the spread and adverse effects of the coronavirus pandemic, but senior living operators continue to battle with increasing costs driven by the scarcity...
Senior living seeks some of $23 billion remaining in CARES Act funding to help cover COVID costs
By
Lois A. Bowers
Apr 05, 2021
Two senators estimate that approximately $23 billion remains in the Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund and maintain that “a proportional allocation of funds...
Singapore company buys 50% stake in Watermark for $77 million
Aug 03, 2018
Singapore-based Keppel Corp. Ltd. is entering the senior living market by purchasing a 50% stake in Tucson, AZ-based Watermark Retirement Communities for up to $77.3 million, the company announced Thursday.
OSHA accepting new comments on healthcare worker COVID-19 protection rule
By
Lois A. Bowers
Mar 23, 2022
The Occupational Safety and Health Administration is accepting additional comments as it works to establish a final rule meant to protect assisted living and other healthcare workers from exposure to COVID-19...
3 initiatives will help Five Star improve operations, CEO says
By
Lois A. Bowers
Mar 07, 2019
As Five Star Senior Living executives prioritize finding a long-term solution to the company’s current financial issues, the company also is focused on three initiatives to improve operations in 2019,...
Assisted living initial rates average 7.8% below average asking rate: NIC
By
Lois A. Bowers
Sep 14, 2016
Assisted living communities, on average, are in effect discounting their annual rates by almost a month, according to the inaugural Seniors Housing Actual Rates Report released Wednesday by NIC MAP at...
NIC: Senior housing deals show signs of slowing
By
Lois A. Bowers
Feb 03, 2016
The year 2015 saw a healthy number of deals close, but larger sales tapered off as the year progressed, according to NIC Chief Economist Beth Mace.
Labor Department tells senior living operator that sales employees are nonexempt, deserve back wages
By
Lois A. Bowers
Jul 23, 2019
The operator of a Tennessee senior living community agreed to pay $81,008 in back wages and liquidated damages after the U.S. Department of Labor’s Wage and Hour Division said the community’s sales...