The Medicare Payment Advisory Committee is proposing changes to Medicare reimbursement to skilled nursing facilities that could lower payments to those facilities performing high-volume of therapy related services. The report recommends lower payments made by medicare based upon the efficiencies of scale that the Council has stated that any high volume provide should have achieved […]
Category: Independent Living
The Longwood at Oakmont, an independent retirement community in the Pittsburgh, PA area, has recently begun construction on the fourth phase of its $70 million dollar expansion project. The next phase called the Grandview at Longwood is a 89-unit apartment building that has been registered to be LEED certified when completed. The project should be […]
Did you see the movie “Field of Dreams” with Kevin Kostner? If not you can either read the IMBD entry or understand that a crazy farmer in Iowa with a voice in his head builds a baseball field and baseball players magically begin to show up to practice and play ball on the field. Every […]
Remember the days of getting wait listed to attend the university that you were dying to get into? Flash forward 60 years into your future and you’ll come to realize that you’re back on the waiting list…except this time it’s for Senior Housing. With waiting times growing longer for affordable, independent living and assisted living […]
The United States Department of Labor is showing two home health care positions as being some of the fast growing occupations in their 2008 hand book. Personal and home care aides (increased 50.6%) and Home health aides (increased 48.7%) were ranked as 2 and 3 in the list of 30 fastest growing occupations. 1. People […]
Are Arizona ghost towns & myths prevalent in today’s society? The answer is yes for a senior housing developer in the Tuscon, Arizona area. The Pima County board is supporting a developer’s proposal for the rehabilitation of the Ghost Ranch Lodge at the Miracle Mile landmark. The old resort is in a dilapidated area of […]
With the credit crunch hurting developers and tax credit financing deals falling apart all over Wall Street, could the use of tax abatements help provide necessary incentives to developers and tenants of the new or rehabilitated senior housing projects? Could abatements from city, school, and county taxes provide developers enough cushion to make their marginal […]
Between rising commodity prices, the increasing cost of capital, the re-pricing of risk and a credit market that is thoroughly in disrepair, a survey showing the average prices for different types of senior housing rising should not be a surprise. According to results from an analysis by Irving Levin Associates, the average price paid per […]
For the most part, it’s a safe bet to be long on senior housing according to an article in Barron’s this weekend. For those of you who don’t subscribe to Barron’s Weekly, there was an article in the paper over the weekend touching on the theme that anything housing-related has taken a beating in the […]
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