News

What Rent Collection Data Is Really Telling You

June 24, 2020, Kelsi Borland, GlobeSt.com Reviewing rent collection data has become a pandemic pastime for apartment investors, but these reports have varied significantly between outlets.  These days, rent collection data is among the most…

$17M Brooklyn Multifamily Trades Hands

June 24, 2020, Ingrid Tunberg, GlobeSt.com – Kassin Sabbagh Realty LLC’s multifamily division has completed the sale of a 72,000-square-foot multifamily property in Brooklyn, on behalf of the seller, Lang Development Corp., and the buyer, local Brooklyn developer, Albert Srour.  The…

Recession Resistant Assisted Living? The Audience Speaks

June 24, 2020, Ben Swett, SeniorCare Investor - When the seniors housing industry emerged from the Great Recession, it quickly became apparent that it performed well during that economic downturn, especially when compared against other “real estate” asset classes, and especially the assisted…

Employee Raises at No Cost?

June 24, 2020, Ben Swett, SeniorCare Investor - One academic believes it won’t cost nursing homes a dime to raise wages.  Okay, here I go again about The New York Times.  This time, it is not about a reporter, but a contributing academic who is an economics professor…

CMS Issues Updated Guidelines, Clarifications On Nursing Home Visitations As States Reopen

June 24, 2020, Alex Spanko, Skilled Nursing News - The Centers for Medicare & Medicaid Services (CMS) on Wednesday released an updated set of frequently asked questions designed to encourage safe…

To Stay Ahead Of Shifting Science And Regulations, Signature’s COVID-19 Testing Strategy Goes Digital

June 24, 2020, Alex Spanko, Skilled Nursing News - In the absence of a vaccine or proven treatment for COVID-19, testing will serve as the nursing home operator’s primary weapon against the spread of the virus for an indefinite period.  Widespread baseline testing of nursing facilities was…

Lessons From Nursing Homes In COVID Hotspots: Secure A Lab Now — And Proceed Carefully On Visitation

June 23, 2020, Maggie Flynn, Skilled Nursing News - With the U.S. taking steps toward reopening — at varying paces in varying states –— skilled nursing leaders from the East Coast COVID-19 hotspots of New York, New Jersey and Connecticut had several pieces of advice for their counterparts…

As States Reopen, Nursing Home Operators Can’t Assume They’ll ‘Be In The Clear Forever’

June 22, 2020, Alex Spanko, Skilled Nursing News - As COVID-19 initially swept through nursing homes across the country in March and April, operators and staffers had a key advantage: Just about every state implemented stay-at-home orders that kept public spaces clear for the essential health…

COVID-19 Scrambles PDPM Math, Particularly Around Therapy Minutes: ‘This Will Be A Complete Rebuild’

June 21, 2020, Maggie Flynn, Skilled Nursing News - In the lead-up to the implementation of the Patient-Driven Payment Model (PDPM) on October 1, 2019, consultants, therapists, and the federal government warned operators over and over that therapy minutes would come under intense scrutiny…

Bottom Line: How A Turnaround Consultant Finds Nursing Home Upside Amid COVID-19

June 18, 2020, Maggie Flynn, Skilled Nursing News - Skilled nursing facilities have seen spikes in operating costs with the onset of the COVID-19 pandemic, putting increased pressure on already-tight budgets.  But the increased aid to SNFs from the federal government might help keep some…