‘Aggressive’ rate increases needed in long-term care: ESI
By
Kathleen Steele Gaivin
Oct 13, 2022
Due to increased debt costs and other inflationary pressures, rate increases in long-term care are inevitable, Evans Senior Investments Director Kris Lowes said Wednesday. He called for operators to “aggressively...
Pace of recovery from Hurricane Ian could be slow, Fitch warns
By
Kathleen Steele Gaivin
Oct 06, 2022
The pace of economic recovery for areas affected by Hurricane Ian could be slow compared with previous hurricanes, according to the experts at Fitch Ratings.
Independent living monthly fees could increase another 5 percent in 2023: Ziegler poll
By
Kathleen Steele Gaivin
Oct 05, 2022
Senior living operators are forecasting that monthly fees for independent living residents could increase by up to 5% next year, according to responses to a newly released Ziegler CFO Hotline survey.
Welltower invests $850 million in third quarter
By
Kathleen Steele Gaivin
Oct 05, 2022
Toledo, OH-based Welltower invested almost $850 million in the third quarter and has announced or completed the deployment of approximately $8.6 billion in capital since October 2020, the real estate investment...
Home care is losing employees to retail, restaurants
By
Kathleen Steele Gaivin
Sep 28, 2022
As the oldest members of the baby boomer generation age, many of them want to age in their own homes. At the same time, low-wage home care workers are finding easier jobs with equal or better pay in retail...
Rate surge seen as threat to middle market enthusiasm
By
Kathleen Steele Gaivin
Sep 27, 2022
Many senior living and care providers across the country have raised their rates this year, as inflation continues to drive expenses for staples such as food, supplies and energy.
About 20 percent of operators still face severe staffing shortages: NIC
By
Kathleen Steele Gaivin
Sep 26, 2022
Approximately one-fifth of senior living and skilled nursing operators responding to the latest Executive Survey Insights report by the National Investment Center for Seniors Housing & Care consider the...
Fed interest rate hikes begin to weigh on commercial investors, experts say
By
Kathleen Steele Gaivin
Sep 23, 2022
The Federal Reserve’s rising interest rates are starting to weigh on commercial real estate investors, Marcus & Millichap reported, although transaction activity was at an above-average pace through...
Ageism is barrier to re-entering workforce, retirees say
By
Kathleen Steele Gaivin
Sep 14, 2022
Due to inflation, a third of America’s retirees have at least considered returning to work, and 14% of current retirees say that they are open to or actively looking for work. Unfortunately, 43% of retirees...
LTC Properties, PruittHealth joint venture buys 3 Florida SNFs for $62 million
By
Kathleen Steele Gaivin
Sep 13, 2022
LTC Properties announced Monday a $62 million joint venture with Norcrorss, GA-based PruittHealth to buy three skilled nursing facilities in northern Florida. PruittHealth is a new partner for the Westlake...