Assisted living care is most expensive on the East Coast and in Washington, D.C. in particular, according to newly released data that confirms prior findings. The average one-bedroom monthly rate for assisted living is $8,127 in the nation’s capital, according to the 2014 Cost of Care Study recently released by LTCG, a firm that helps […]
The Senior Housing News team wishes our readers a happy Presidents Day! In observance of the holiday, we will be suspending our daily email on Monday, Feb. 16. We will resume our normal schedule on Tuesday, Feb. 17. And in case you missed them … here are the top headlines that grabbed Senior Housing News readers’ attention this […]
Internet-connected devices such as wearable health monitors can greatly enhance senior living communities, but the devices also pose potentially grave privacy and security risks that must be addressed by care providers and other stakeholders, suggests a recently released Federal Trade Commission report. The FTC lays out a sound approach to security in its report, and […]
Top news organizations around the country recently ran these must-read stories related to senior housing. Wall Street Journal: Graying America, Health Care Overhaul Boosts Medical Properties … Senior housing was resilient during the economic downturn, and now demographic trends and health care reform are fueling construction. Investors have taken note and are flocking to health care-related real […]
Real estate investment trust HCP Inc. (NYSE: HCP) is undeterred by recent lackluster results from Brookdale Senior Living (NYSE: BKD), and is growing its continuing care retirement communities joint venture with the provider, company officials said in an earnings call Tuesday. A $1.2 billion strategic joint venture with Brookdale Senior Living (NYSE: BKD) was the […]
New assisted living regulations in Massachusetts address a growing trend nationwide: An increasing number of frail residents with dementia. However, authorities backed away from a controversial provision that would have barred assisted living placement for people with certain care needs. The Executive Office of Elder Affairs issued the new regulations in late January, marking the […]
Larry Minnix, the longtime president and chief executive officer of LeadingAge, will retire this year, the provider association announced Thursday. Minnix took the LeadingAge helm in December 2000 and became an outspoken and charismatic leader of the association, which represents about 6,000 not-for-profit senior services and care providers. In announcing Minnix’s retirement, LeadingAge emphasized his […]
The majority of senior living providers pay commissions to their sales and marketing staff, suggesting that a robust incentive structure is crucial for attracting top talent, according to a recent CFO Hotline poll conducted by investment bank Ziegler. Overall, about 70% of respondents said they pay commissions. A total of 182 organizations participated in the […]
KeyBank National Association has been the No. 1 Fannie Mae lender in the senior housing sector for three consecutive years, according to rankings released Monday. Berkadia Commercial Mortgage, LLC claimed the second spot in the latest rankings, for 2014. Berkadia ranked No. 4 in 2013, which was the first year for which Fannie Mae named the […]
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