Health care providers, including dozens of senior living communities and CCRCs, largely give their employees low marks when it comes to their own health care. As a result, many are starting to implement in-house initiatives to improve their outcomes, with CCRCs largely leading that charge. Among senior living providers, CCRCs are more likely to have […]
Beech Street Refinances Illinois Supportive Living Facility for $20.7 Million Beech Street Capital, a Capital One company, has provided a $20.7 million HUD loan to refinance a supportive living facility in Illinois. Under a federal waiver, supportive living facilities in Illinois can receive Medicaid support for low-income residents that need assistance with activities of daily living, […]
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Philly CCRC Seeks Buyer, Re-Org Following Bankruptcy Filing—A continuing care retirement community (CCRC) in Philadelphia filed for Ch. 11 bankruptcy on April 25 and is seeking a debt reorganization or sale since the filing. SHN talked with the […]
While real estate developers are working fast to meet the housing needs of a rapidly growing U.S. senior citizen population – which is projected to almost double in the next 35 years – some analysts are warning that developers may be moving too fast, Bloomberg Businessweek reports. A jump in supply is forecast to cut […]
The Ensign Group, Inc. (Nasdaq: ENSG) has announced it is moving forward in the upcoming completion of its healthcare and real estate business split into two separate and independent, publicly-traded companies: The Ensign Group, Inc. and CareTrust REIT, Inc. The company announced the REIT spinoff earlier this year and said this week it is nearing […]
Healthcare real estate investment trust CNL Healthcare Properties announced today that is has increased its original credit line by $155 million, which will allow CNL take advantage of new investment opportunities as they arise. Its original $120 million line of credit was increased to $275 million, with the option to access additional capacity up to […]
Retirement planning spans three generations of Americans, writes USA Today in a recent article, which examines the specific retirement issues those of the Baby Boomer, Generation X and Millennial generation face. Baby Boomers have expressed the most concern, while the Millennial generation appears the most confident about retirement. The article notes a recent study by the […]
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