Pandemic, debt market downturn force financial restructuring of Enlivant joint venture
By
Kimberly Bonvissuto
Apr 04, 2023
The negative impact of the COVID-19 pandemic and a downturn in the debt market has left a joint venture company operated by senior living provider Enlivant negotiating with its lenders on a finance restructuring.
Welltower, Chartwell dissolve joint venture
By
Kathleen Steele Gaivin
Nov 16, 2023
Welltower and Canada-based Chartwell Retirement Residences have dissolved their joint venture, first announced in 2021. Welltower said this week in a business update that the agreement to dissolve will...
Another operator settles security deposit class action lawsuit, this time for $1 million
By
Kimberly Bonvissuto
Apr 11, 2023
Another Massachusetts senior living operator has settled a class action lawsuit over contract language that conflicts with the state’s security deposit statute.
Big senior living stories of 2023
By
Lois A. Bowers
Dec 21, 2023
The long shadow of the pandemic continued to recede in 2023, although the senior living profession continued to feel its effects. The COVID-19 public emergency ended May 11. Wage growth has declined but...
New rule would bar employers from requiring workers to sign noncompete agreements
By
Kathleen Steele Gaivin
Jan 06, 2023
Employers would be prohibited from requiring workers to sign noncompete agreements under a proposed new rule announced Thursday by the Federal Trade Commission.
Senior living industry moves toward rate integrity in wake of pandemic
By
Kimberly Bonvissuto
Jun 06, 2024
The senior living industry enjoyed some “serious rate integrity” in the first quarter, according to data from 250 individual market surveys on communities across the nation.
Updated: 89 Holiday by Atria communities moving to 6 new operators, Welltower says
By
Lois A. Bowers
Jun 03, 2024
Eighty-nine Holiday by Atria communities that are part of the portfolio of Toledo, OH-based real estate investment trust Welltower are transitioning to six other operators, the REIT announced Monday in...
New York first state to require employers to offer paid prenatal leave
By
Kathleen Steele Gaivin
Apr 24, 2024
New York is set to become the first state to require employers to provide 20 hours of additional paid time off for pregnant workers for pregnancy-related medical care without requiring workers to tap into...
REITs ‘well-positioned’ for rising interest rates, but not in healthcare: report
By
Kathleen Steele Gaivin
Nov 21, 2022
Overall, real estate investment trusts are “well positioned’ in an environment of increasing interest rates, according to National Association of Real Estate Investment Trusts Executive Vice President...
Biden administration delays menthol cigarette ban
Apr 29, 2024
A long-awaited ban on menthol cigarettes has been delayed indefinitely, the Biden administration said Friday.