Operators ‘scrambling’ to get loans closed as interest rate hike looms
By
Kathleen Steele Gaivin
Jul 22, 2022
As the Federal Reserve prepare to raise the interest rate another 75 basis points at a meeting next week, senior housing borrowers are looking to secure loan terms, says Jessica Johnson, manager of Healthcare...
Survey: Only 10 percent of Americans have long-term care coverage
By
Kathleen Steele Gaivin
Jul 21, 2022
Seventy percent of Americans over the age of 65 likely will need long-term care, yet only 10% of them are carrying long-term care coverage, according to the results of a recent survey by the Arctos Foundation...
Senior living investors anticipate rising cap rates over next year, survey shows
By
Kathleen Steele Gaivin
Jul 20, 2022
More than 71% of investors expect rising interest rates and other pressures to push capitalization rates up over the next 12 months. That’s according to respondents in the ninth annual Wealth Management...
Record Social Security bump could push seniors into higher tax bracket, experts say
By
Kathleen Steele Gaivin
Jul 20, 2022
Social Security recipients could see a record 10.5% cost of living adjustment next year, the bipartisan Senior Citizen League predicts, but that could bump some beneficiaries into higher tax brackets....
LeadingAge urges HUD to exempt senior housing funds from new ‘Buy America’ requirements
By
Alicia Lasek
Jul 19, 2022
Affordable housing funds must be excluded from a new federal requirement that will raise barriers to infrastructure projects key to senior housing, LeadingAge says.
Spot occupancy spikes in June, Welltower reports
By
Kathleen Steele Gaivin
Jul 14, 2022
Spot occupancy in Welltower’s U.S. senior housing operating portfolio rose 120 basis points (1.2%) in the second quarter, with half of that increase occurring in the last two weeks of June, according...
Recession-proof senior housing REITs a ‘good bet’ for investors
By
Kathleen Steele Gaivin
Jul 14, 2022
Debate exists among experts about whether the United States is heading for recession or already is there, but there is some agreement that senior housing is a recession-proof investment.
Pennsylvania budget delivers ‘lifeline’ of $46.7 million to assisted living providers
By
Kimberly Bonvissuto
Jul 12, 2022
Pennsylvania is delivering an “immediate lifeline” to assisted living and other long-term care providers with a $515 million “historical commitment” to the sectors, according to industry advocates....
More news for Tuesday, July 12
By
Kimberly Bonvissuto
Jul 12, 2022
HUD service coordinator grants delayed until August … Senior living owner settles federal ADA complaint over sign language services … Former assisted living director admits to stealing $16K from community...
The business case for employee well-being interventions
By
Michele Holleran, Ph.D., MBA
Jul 11, 2022
Four stressors are compromising the well-being of the aging services workforce like never before. Here are some best practices to address each of the identified sources of burnout.