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...
‘Red-hot inflation’ drives senior living asking rates to record high
By
Kathleen Steele Gaivin
Sep 08, 2022
Senior living asking rates were driven to record highs in June compared with the previous year, as the Federal Reserve raised interest rates in response to “red-hot inflation,” according to Omar Zahraoui,...
How to adapt to serve the next generation of seniors
By
Lynne Moore
Apr 11, 2022
Q: Will the senior living industry be able to successfully adapt to serve the next generation of seniors entering the prospect pipeline? A: Yes, but it will require new approaches and housing products...
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...
As wheelchair-bound therapist, I understand value of PACE for seniors, family caregivers
By
Alyssa Armstrong
Sep 21, 2021
I have dedicated my career to giving people their independence back.
Ventas reports better-than-expected fourth quarter results, thanks to relief funds
By
Amy Novotney
Feb 19, 2021
Ventas reported fourth-quarter funds from operations 15% higher than analysts expected Thursday, coming in at 83 cents per share. These better-than-anticipated results largely were due to the receipt of...
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...
SNFs and memory care units reporting improvements in occupancy rates: NIC survey
By
Amy Novotney
Sep 04, 2020
More organizations that deliver care for those with greater needs — including skilled nursing and memory care units — have been reporting occupancy improvements, according to data collected from the...
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.