News

Senate Recess Brings No Deal On Health Care, But CBO Talks More Medicaid Woe

June 30, 2017, Patrick Connole, Provider - Senate Republicans expect to continue negotiations over the July 4 congressional recess at the staff level as lawmakers leave the nation’s capital with no clear path to gaining the required votes to pass its version of…

Blueprint - Small Town Up & Down

June 30, 2017, Blueprint Real Estate Advisors - Blueprint is pleased to announce the successful sale of a four property assisted living and memory care portfolio in Indiana and Iowa.  Blueprint conducted an exclusive sales process on behalf of a publicly traded REIT and a national operator…

New CBO Analysis Shows Deeper Medicaid Cuts Under Senate Healthcare Bill

June 30, 2017, Lois Bowers, McKnight's Senior Living - Medicaid spending under the Better Care Reconciliation Act of 2017 would be approximately 35% lower in 2036 compared with spending expected under the current law, according to a 

Focus Healthcare Partners Closes New Dedicated Fund

June 30, 2017, Steve Monroe, Senior Care Investor - Just eight years ago, Curt Schaller and Paul Froning formed Focus Healthcare Partners LLC to parlay their investment and financing expertise into an investment platform to buy senior living properties across the country…

CEO Transition Announced At National Investment Center For Seniors Housing & Care

June 30, 2017, NICThe National Investment Center for Seniors Housing & Care (NIC) today announced that Robert G. Kramer will transition to the role of founder and strategic advisor effective July 17, as part of a planned succession.  Brian…

House-Approved Bill To Limit Malpractice Awards Will Help LTC 'When We Need It The Most,' Group Says

June 30, 2017, Emily Mongan, McKnight's Long-Term Care News - House lawmakers voted on Wednesday to advance legislation that would place limits on awards and attorneys fees for medical malpractice cases — a move that would benefit the long-term care sector in today's turbulent healthcare…

Harrison Street Raises $1.15 Billion Fund, Eyes Senior Housing

June 29, 2017, Mary Kate Nelson, Senior Housing News - Harrison Street Real Estate Capital just announced another billion-dollar fund, which will be used in part on senior housing investments.  The Chicago-based private equity firm recently closed its sixth U.S. opportunistic real estate…

LIHTC Year 15 Outline For Planning Process

June 27, 2017, James Lampman, Kevin Morris, & Benjamin Price - In today’s unpredictable affordable housing market, general partners (GPs) need to be planning for Year 15 when a development nears its 10th year.  Due to uncertainty from a new administration and plans for a tax overhaul, it’s…

Affordable Housing Moves To The Suburbs

June 25, 2017, Affordable Housing Finance - Affordable housing developers are increasingly focused on bringing affordable housing to suburban areas — which often resist new development.  Affordable housing advocates have…

Senior Living Developer Misused Millions In Investor Funds, SEC Alleges

June 25, 2017, Lois Bowers, McKnight's Senior Living - The Securities and Exchange Commission is suing a Chicago-based senior living community developer, accusing him of improperly commingling and misusing some of the $88.7 he raised from foreign investors to finance the construction…