Nursing, residential care facilities lost 11,000 jobs in November
By
Kathleen Steele Gaivin
Dec 07, 2021
Healthcare added 2,000 jobs in November, but nursing and residential care facilities lost 11,000 jobs, according to a report released Friday from the Bureau of Labor Statistics.
Lender gives reasons to be ‘bullish’ on senior housing and care
By
Kathleen Steele Gaivin
Sep 30, 2021
The senior living sector no doubt has seen pandemic-related challenges, but “the fundamentals of the business are sound,” according to Matthew Ruark, senior vice president of commercial and healthcare...
NIC: 5 markets dominate CCRC construction
By
Lois A. Bowers
Mar 30, 2018
More than one-third of all continuing care retirement community unit construction was taking place in five markets as of the fourth quarter of 2017, according to Lana Peck, senior principal of the National...
‘Needs-based character’ makes senior living attractive to investors, expert says
By
Kathleen Steele Gaivin
Sep 22, 2021
Senior housing is still in recovery mode from the COVID-19 pandemic, but the sector still offers investment opportunities, according to Robb Chapin, a partner at Bridge Investment Group.
Higher staffing levels save one operator millions
By
Lois A. Bowers
Sep 18, 2016
It may seem counterintuitive, but Shamim Wu, president and chief operating officer of memory care provider Silverado, says that one way the company manages expenses is by having staffing levels that are...
Senior housing investment, income returns increase but remain low: NCREIF
By
Amy Novotney
Mar 24, 2021
The senior housing sector posted a 0.71% total investment return in the fourth quarter, marking the second consecutive quarter of positive returns since the COVID-19 pandemic pushed returns into negative...
Occupancy numbers hit historic lows: NIC
By
John O'Connor
Jul 10, 2020
As the COVID-19 pandemic took hold in the second quarter, units in the senior living sector emptied out as never before. Occupancy levels declined by 2.8% to 84.9%, according to the National Investment...
Meeting the needs of older adults means focusing on the middle, industry experts say
By
Kimberly Bonvissuto
Oct 09, 2020
Economic pressures placed on middle-income older adults during the COVID-19 pandemic has created a growing population of seniors with housing needs but limited resources. Senior housing providers recognize...
As report cites older adult struggle to meet expenses, expert says HCBS proposal won’t help middle...
By
Kimberly Bonvissuto
Apr 26, 2021
Older adults are struggling to meet cost-of-living expenses in the nation’s 100 largest metropolitan areas, according to a new report from UMass Boston’s Gerontology Institute. But federal, state and...
Seniors housing investment returns drop for first time since 2012: NIC
By
Amy Novotney
Sep 17, 2020
Seniors housing investment returns fell in the second quarter as the economic effects of the COVID-19 global pandemic continued to take a toll on the industry. That’s according to the National Council...