Senior living and care liability insurance rates stabilizing, but decreases not expected any time soon
By
Kathleen Steele Gaivin
May 02, 2023
Owners and operators of senior living and care facilities and communities are expected to see some deceleration in rate increases for liability coverage, according to a recent survey from Willis Towers...
Low-wage workers experience historically fast wage growth: report
By
Kathleen Steele Gaivin
May 01, 2023
Low-wage workers experienced wage growth of 9% between 2019 and 2022. That’s a historically fast real wage growth over the three-year span, especially in a period of economic inflation, according to...
One-fifth of Americans 59+ have net worth of $0 or less
By
Kathleen Steele Gaivin
Apr 24, 2023
Almost a third of Americans (31%) report having a net worth $0 or less, a new study finds. And for Americans 59 and older who may be contemplating retirement, 21% report that their total amount of liabilities...
Increased financial pressure looms, but outlook for CCRCs is balanced, Fitch says
By
Kathleen Steele Gaivin
Apr 17, 2023
Increased financial pressure is heading down the pike, with a mild recession likely in the months ahead. That’s according to commentary from Fitch Ratings.
Some independent living providers raise entrance fees by double digits
By
Kathleen Steele Gaivin
Apr 13, 2023
Some senior living providers are increasing entrance fees and monthly fees for their independent living residents. That’s according to the results of a new CFO Hotline survey by speciality investment...
Construction market slowing in 2023
By
Kathleen Steele Gaivin
Apr 07, 2023
Major indicators are pointing toward a slower construction market in 2023.
That’s according to a market report released by construction company, general contractor, design-builder and construction manager...
Skilled nursing occupancy begins year with ‘positive momentum’
By
Kathleen Steele Gaivin
Apr 03, 2023
Skilled nursing occupancy increased 49 basis points from December to January, to end the month at 81%, according to the National Investment Center for Seniors Housing & Care’s most recent skilled nursing...
Kandu / Bloom divest of skilled nursing facilities to focus on senior living
By
Kathleen Steele Gaivin
Mar 28, 2023
Birmingham, MI-based Bloom Senior Living and Kandu Capital have extricated themselves from their skilled nursing facilities and mental health / psychiatric facilities to focus on their portfolio of independent...
Retirement plan contribution rate decreases
By
Kathleen Steele Gaivin
Mar 28, 2023
Twenty-five percent of Americans with 401(k) retirement accounts closed out 2022 by setting aside just 3% or less of their salaries in those accounts, according to the results of a study by Bank of America....
American Healthcare REIT expands senior housing and care segments by $254 million
By
Kathleen Steele Gaivin
Mar 22, 2023
American Healthcare REIT expanded its portfolio, recast its credit facility and filed a registration statement for a proposed common stock offering in 2022, the Irvine, CA, real estate investment trust...