In a development climate that is still plagued with limited credit and sometimes-unconventional financing, some senior housing developers are starting to look into individual projects that combine public benefits and private capital for a mutually-favorable deal. The deals often present solutions that result in senior housing developments or rehabs, but they can require the participation […]
A nursing home “bed tax” proposed in Illinois is receiving push back from consumer advocates who argue taxpayers should not have to foot the bill for long term care. Proponents of the legislation, which would increase Medicaid payments to nursing homes by nearly 10% by taxing $6.07 per long term care resident, aims to help […]
As the number of lesbian, gay and bisexual people aged 65+ in the United States is predicted to double to around 3 million by 2030, many LGBT seniors today report fear of housing discrimination—and there aren’t currently laws to prevent it. Recent legislation introduced in Ohio aims to address the issue by banning discrimination in […]
A new Dallas-based senior housing operating company has formed with the specific goal of managing Memory Care Centers, or what it calls the “new generation” of memory care facilities. US Memory Care has broken ground on its first project, and plans to build up to 20 new centers in the southwestern United States over the […]
Home improvement spending is on the upswing, providing a positive indicator for remodeling activity in 2012, the Joint Center for Housing Studies of Harvard University reported this week. Releasing its Leading Indicator of Remodeling Activity (LIRA), the Harvard center says that if momentum continues to build during the second half of this year, remodeling activity […]
Online advertising is a critical component of your Senior Living communities’ overall online presence—and ultimately, it can impact your bottom line business performance. Register now for a free, live webinar that will help navigate the online ad space for Senior Living: Senior Living Marketing Masters: The 5 Most Powerful Tools for Reaching Prospects and Influencers […]
The total amount of home equity held by U.S. seniors is on the upswing, according to the latest data from the RiskSpan Reverse Mortgage Market Index (RMMI), a quarterly measure of home equity for people who are aged 65+. The home equity total rose $46 billion in the third quarter of 2011, data released on Wednesday by […]
Multifamily properties as an investment class are continuing to enjoy their heyday, National Real Estate Investor reported this week. But will the sector end up becoming overbuilt? Citing Marcus & Millichap data, NREI notes the still-conservative nature of developers who delivered less than 40,000 new units to market in 2011 while estimates for 2012 are […]
Griffin-American Health Care REIT II (formerly known as Grubb & Ellis) announced this week it has acquired 10 skilled nursing facilities and an additional medical office building for a total of $174.3 million. The properties span five southern states and comprise a total of 1,364 beds added to the healthcare REIT’s portfolio. The skilled nursing […]
Vermont Senator Bernie Sanders (I-Vt.) has announced he will introduce a bill to reauthorize the Older Americans Act, a federal law first enacted in 1965 that provides assistance to seniors that enables them to remain independent in their homes and communities. “With huge numbers of seniors in need, we must redouble our commitment to help […]
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