News

Bankruptcy Judge Approves Sale of 19 California Nursing Homes



July 29, 2014, Katy Stech, Wall Street Journal - Nursing-home owner Shlomo Rechnitz won approval from a federal judge to buy 19 nursing homes out of bankruptcy in southern California.
At a hearing on Monday,…

Skilled Nursing Trends Contribute to Improved Medicare Outlook, Congressional Report Says



July 29, 2014, Tim Mullaney, McKnights - The Medicare trust fund is on track to remain solvent until 2030, trustees of the program stated in a Congressional report released Monday. This improved outlook is due in part to revised expectations about the case mix in skilled nursing…

HHC Finance Closes Year's Largest HUD Loan Portfolio Deal



July 15, 2014, Michael Tucker, MBA Newslink - Housing & Healthcare Finance, Chevy Chase, Md., closed a $205 million HUD loan portfolio refinancing on 25 southeastern U.S. skilled nursing facilities--the largest such loan portfolio deal this year.

The 232/223(f) loans…



Senate Confirms Castro as Secretary of HUD



July 9, 2014 - The Senate confirmed today San Antonio Mayor Julian Castro to serve as the new Secretary of Housing and Urban Development (HUD). Castro is replacing current Secretary Shaun Donovan who has been nominated to head the White House budget office. Castro was confirmed…

Penton's NREI and NIC Announce a Joint Survey on Senior Housing Property Market Trends



July 8, 2014, New York, NY, National Real Estate Investor -


Ventas Buying ARC Capital Healthcare in $2.6B Deal



June 2, 2014, New York, NY - Real estate investment trust Ventas is purchasing American Realty Capital Healthcare Trust Inc. in a cash-and-stock deal that the companies valued at about $2.6 billion. The companies…

PointRight and Adcare's Presentation on Increasing Occupancy



May 19, 2014 - Steven Littlehale of PointRight and Barry Somervell of Adcare Health Systems have developed a multifaceted approach for a 21st century business development plan to increase occupancy. Their plan addresses how to build census pipeline by blending data…

Julian Castro to become HUD Secretary



May 17, 2014 - President Obama plans to announce a Cabinet shuffle next week, asking San Antonio Mayor Julian Castro to take the reins at the Department of Housing and Urban Development and moving current Housing Secretary Shaun Donovan to the Office of Management and Budget…

Senior Housing Surplus Seen as Boomers Spur Building Boom



May, 15, 2014, Brian Louis - Real estate developers are betting big on U.S. housing for the elderly, preparing for a surge in demand as the population of senior citizens almost doubles in the next 35 years. They may be building too fast.

A jump in supply is forecast to…



Five Star Announces Filing of Restated Financial Statements



April 16, 2014, Newton, MA, Business Wire - Five Star Quality Care, Inc. (FVE) today announced that it has filed…