‘Right now’ is most challenging time for many senior living providers
By
Kimberly Bonvissuto
Jun 30, 2021
Continued unemployment compensation, wage pressures, decreased occupancy and increased costs continue to create challenges for many senior living providers, according to speakers at an Argentum congressional...
Governor vetoes bill that would have increased affordable senior housing access
By
Kimberly Bonvissuto
Oct 17, 2023
A bill that would have increased California’s goal for development of affordable senior housing has been struck down by the governor.
Future of seniors housing industry is ‘all about a vaccine’: NIC economist
By
Kimberly Bonvissuto
Oct 06, 2020
The future of seniors housing will depend on several factors, but to National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace, “It’s all about a vaccine.”
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.
Data unveil ‘compelling look’ at future of senior living
By
Kimberly Bonvissuto
Feb 28, 2024
A booming aging population, a shrinking workforce and slowed construction trends provide a “compelling look” at the future of the senior living industry and the effects that the baby boomers will have...
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...
City settles with Justice Department, will pay $410,000 for not approving affordable housing development
By
Lois A. Bowers
Aug 27, 2018
The Village of Tinley Park, IL, will pay $410,000 to settle a lawsuit alleging that it violated the Fair Housing Act when it refused to approve an affordable housing development in response to race-based...
Dementia training tied to license renewals for emergency services workers
By
Kimberly Bonvissuto
Apr 07, 2022
Emergency medical services workers will be required to undergo training on caring and treating individuals with Alzheimer’s disease and other dementias under a new bill passed by the Illinois Legislature.
CareTrust says ‘operator first’ philosophy helped it grow during ‘unprecedented headwinds’ of...
By
Kimberly Bonvissuto
Feb 12, 2021
CareTrust REIT’s “operator first” investment philosophy proved valuable in guiding the San Clemente, CA-based healthcare real estate investment trust successfully through the COVID-19 pandemic, executives...