Riverside, CA, first primary market to reach pre-pandemic stabilized occupancy level
By
Kathleen Steele Gaivin
Jun 21, 2022
Riverside, CA, is the first of the 31 primary markets that NIC MAP follows to reach its pre-pandemic stabilized occupancy level, according to the intra-quarterly snapshot released Thursday by the National...
$2.3 million will fund abuse and neglect investigation efforts in assisted living, other settings
By
Kimberly Bonvissuto
Jun 17, 2022
Programs serving older adults and people with disabilities were awarded $2.3 million in federal grant funding to help combat abuse in assisted living communities and other long-term care settings.
Interest rates increase could have ‘silver lining’ for senior living, expert says
By
Kathleen Steele Gaivin
Jun 16, 2022
The Federal Reserve’s move Wednesday to raise interest rates by 0.75% could slow new construction in senior housing, National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham...
New measure aims to better protect senior living residents from waterborne illnesses
By
Amy Novotney
Jun 14, 2022
Illinois Gov. J.B. Pritzker (D) has signed into law legislation aimed at protecting senior living residents in the state from waterborne illnesses. The measure, signed May 27 and going into effect immediately,...
Former school repurposed for New England’s first LBGTQ affordable senior housing community
By
Kathleen Steele Gaivin
Jun 13, 2022
The former William Barton Rogers Middle School in Hyde Park, MA, which has sat idle for years, soon will see new life as Boston’s — and all of New England’s — first affordable housing community...
Market segmentation means it’s ‘a very interesting time’ in senior living: NIC
By
Kathleen Steele Gaivin
Jun 09, 2022
The market segmentation occurring in senior housing right now — with differentiation by price and service offerings including middle-market properties, luxury senior living apartments and active adult...
Welltower raises guidance, says performance ‘in line with expectations’
By
Kathleen Steele Gaivin
Jun 08, 2022
Toledo, OH-based Welltower has revised its guidance for the second quarter.
NHI sells 7 assisted living communities in May
By
Kathleen Steele Gaivin
Jun 08, 2022
Murfreesboro, TN-based National Health Investors in May completed the sale of seven assisted living communities, the real estate investment trust said Monday in a business update.
Occupancy loss, recovery in SNFs varies by market: NIC analysis
By
Kathleen Steele Gaivin
Jun 07, 2022
Occupancy loss among freestanding skilled nursing facilities during the height of the pandemic mainly was a function of a demand contraction, which varied across the markets. That’s according to an analysis...
Contingent employees could save post-acute care $20 billion in lost revenue this year
By
Kathleen Steele Gaivin
Jun 03, 2022
The post-acute care sector could lose up to $19.5 billion in revenue this year because of lower occupancy rates (which are down 14% since 2020) due to understaffing, predicts a new report.