News

Competition For Nursing Home Workers Hits An All-Time High

May 31, 2021, Paul Bergeron, Skilled Nursing News - The most agonizing struggle to find and retain operational staff at skilled nursing facilities continues to be a condition in search of a cure.  The pandemic worsened the situation, magnifying concerns about health and safety, which were…

Health Affairs Study Clashes With Previous Reports On Nursing Home Shortages

May 27, 2021, Amy Stulick, Skilled Nursing News - Public policy journal Health Affairs this month reported a modest decline in nursing home staffing levels for the majority of 2020, rather than a drastic shortage in staff suggested…

Despite Positive Occupancy Signs, Operators Still Face Structural Financial Challenges

May 27, 2021, John Yedinak, Skilled Nursing News - The last year has been difficult for skilled nursing providers but there are plenty of signs for optimism coming out of the pandemic according to George Mesires, Co-Leader, Senior Living & Care practice Faegre Drinker Biddle & Reath LLP. …

For Nursing Home Infection Control To Improve, Regulations Need To Prioritize It – While Supporting Facilities

May 26, 2021, Maggie Flynn, Skilled Nursing News - Dr. Buffy Lloyd-Krejci knew nursing homes had infection control problems well before a global pandemic put them in the spotlight.  That’s why she started her infection control consulting firm, IPCWell, based in Arizona.  She was introduced…

TruAmerica Multifamily Adds Over 900 Units To Portfolio

May 26, 2021, Christine Serlin, Multifamily Executive - TruAmerica Multifamily has added 903 apartment units to its portfolio with the acquisition of two garden-style communities in Nashville, Tennessee, and Phoenix in separate…

The 55+ Market Builds Momentum

May 25, 2021, Ben Swett, The SeniorCare Investor - Coming out of the pandemic, investors are enamored with the 55+ or active adult market, but we will see if that enthusiasm turns into overexuberance.  Perhaps the brightest star in seniors housing coming out of the pandemic has…

Red Stone Equity Partners Closes Its Largest LIHTC Fund

May 19, 2021, Affordable Housing Finance - Red Stone Equity Partners announced the closing of a $207 million multi-investor low-income housing tax credit (LIHTC) fund, the firm’s largest fund to date.  The fund proceeds will be used, along with other project-level financing sources, to finance…

Multifamily Housing Construction Continues Strong In April

May 18, 2021, Michael Rudy, Yield Pro - The Census Bureau released its monthly new residential construction…

Is Connecticut The Future For Wage Hikes?

May 18, 2021, Ben Swett, The SeniorCare Investor - In order to avert a strike by unionized nursing home workers at dozens of Connecticut nursing facilities, a deal is being struck with the state that will send hourly rates soaring.  The Governor stepped in to help the two sides…

Chicago Pacific Founders Acquires Texas Community

May 18, 2021, Ben Swett, The SeniorCare Investor - Chicago Pacific Founders has added another Texas community to its portfolio, its first acquisition in the Lone Star State since announcing two separate deals in 2019.  Opened in September 2019, this community features 85,400…