News

Tryko Partners Adds Pennsylvania SNF To Portfolio

February 12, 2021, Ben Swett, The SeniorCare Investor -Tryko Partners acquired a 121-bed skilled nursing facility in Norristown, Pennsylvania, in the greater Philadelphia region and is planning a significant capital investment project to the 40-year-old…

NAHB: Multifamily Housing Construction Will Be Down This Year

February 11, 2021, Christine Serlin, Multifamily Executive - Regulatory and supply-side challenges combined with slowing rent growth and rising vacancy rates will weaken the multifamily construction market this year, according to National Association of Home Builders economists during the…

NYC Apartment Lease Signings Continue To Improve

February 11, 2021, Les Shaver, GlobeSt.com - Despite reports to the contrary, people are still signing leases for apartments in New York City.  New apartment lease signings in Manhattan hit 6,255 last month—posting their best January in the 13 years Douglas Elliman has been tracking…

Boosting Your Census Now

February 10, 2021, Steve Monroe, The SeniorCare Investor - Occupancy levels continue to decline, yet demand seems to be increasing as customers are coming back to take a look.  There is a disconnect between the seller and the buyer that needs to be fixed now.  The public companies…

Nursing Home Industry Projects $34B In Revenue Losses, 1,800 Closures Or Mergers Due To COVID

February 10, 2021, Alex Spanko, Skilled Nursing News - The COVID-19 pandemic brought the twin financial strains of elevated expenses and sharply reduced sources of revenue for the nation’s nursing homes as they became an epicenter of sickness and death, and a major industry trade group this…

With Infection Control In Spotlight, $237M Program For Nursing Homes Shows Promise For COVID And Beyond

February 10, 2021, Maggie Flynn, Skilled Nursing News - Good infection control standards are the same for skilled nursing facilities across the U.S. — both in the sense of federally mandated requirements and in the sense of the concrete conditions that are necessary to prevent the spread…

Private Equity Plots ‘Flight To Quality’ In Nursing Homes Amid Scrutiny, Ongoing Pandemic

February 9, 2021, Alex Spanko, Skilled Nursing News - Even before the COVID-19 pandemic trained an intense spotlight on the financing of nursing home operations and real estate in America, private equity investors in the sector found themselves under the microscope.

Moving forward,…

Parkinson: Given COVID’s Toll, Nursing Homes Will — And Should — Get Significant Oversight Overhaul

February 7, 2021, Maggie Flynn, Skilled Nursing News - With a change in presidential administration comes changes in policy, and skilled nursing facilities should expect a shift in the approach of the federal government to regulation.  As the SNF sector emerges from the devastation of COVID-19,…

Summit To Start Construction On 4 Communities

February 5, 2021, Jeffrey Steele, Multi-Housing News - The first quarter of 2021 will see Summit Contracting Group breaking ground on four new multifamily projects.  They are Sylvan Hills Senior, an independent senior living community in South Atlanta; Berry Hill Apartments, a market-rate…

Lawmakers Try To Wedge Open Door To Nursing Home Visitors With Mandated ‘Caregiving’ Program

February 5, 2021, Kimberly Marselas, McKnight's Long-Term Care News - Vaccination campaigns and reduced COVID-19 transmission may soon bring visitors back to nursing homes, but officials in one state are using legislation to wedge the doors open now.  Indiana lawmakers are considering a bill…