News

DAC Acquisition To Acquire Diversicare

August 27, 2021, Alex Zorn, Skilled Nursing News - DAC Acquisition LLC has entered into a merger agreement with Diversicare Healthcare Services (OTCQX: DVCR) for $10.10 per share in a deal announced on Friday.  The price represents a value of approximately 256% from Diversicare’s closing…

What’s Behind Apartment Rents' Meteoric Rise And Will It Last

August 25, 2021, Lynn Pollack, GlobeSt.com - A rise in household formation and the prohibitively high cost of homeownership in many US metros has pushed apartment rents up 11% in the first half of the year, according to a new report from Apartment List.  The increase is more than double…

‘Tis The Season For Takeovers

August 25, 2021, Ben Swett, The SeniorCare Investor - One group of investors essentially took control of Genesis HealthCare, another group is trying to do the same thing with Capital Senior Living, and a third group wants to buy Diversicare Healthcare…

60 Seconds With Ben Swett: Staffing Scarcity Stunting The Recovery?

August 25, 2021, Ben Swett, The SeniorCare Investor - Driving through New England this past weekend, I was struck by the number of “help wanted” and “we’re hiring” signs across dozens of storefronts and billboards advertising job fairs for many types of businesses.  All I kept thinking about…

New York Investor Makes Takeover Bid For Diversicare

August 25, 2021, Jordyn Reiland, Skilled Nursing News - A New York-based investor has expressed interest in buying nursing home operator Diversicare Healthcare Services.  New York-based retirement assets manager MCS Plan and its manager Ephram “Mordy” Lahasky have offered to pay $10.10 for…

CMS: Staff Vaccine Mandate ‘Levels The Playing Field’, Coming Late September

August 25, 2021, Jordyn Reiland,  Skilled Nursing News - The Centers for Medicare & Medicaid Services’ regulation requiring staff vaccination for Medicare and Medicaid participating long-term care facilities is expected in late September, and officials say it is aimed at leveling the playing…

What Multifamily Landlords Should Do With Their New Pricing Power

August 19, 2021, Erik Sherman, GlobeSt.com - Things are rapidly improving in multifamily pricing power.  But even though such major urban areas as New York City, San Francisco, San Jose, Chicago, Seattle, Boston, and Washington D.C. have seen quick improvement on the ability to raise…

[UPDATED] Nursing Home Staff Must Be Vaccinated, Biden Administration Says

August 18, 2021, Amy Stulick, Skilled Nursing News - Following the Biden administration’s announcement that all nursing home staff must be vaccinated against COVID-19 or risk losing Medicare and Medicaid funding, operators and senior living organization leaders fear singling out one group…

Are Eviction Bans Driving Up Rents?

August 18, 2021, Jay Parsons, GlobeSt.com - As rents have skyrocketed to record levels this summer, we’re often asked: Are rents surging because of the eviction moratorium?  The answer?  Not directly, but it’s likely a contributing factor.  To what degree…

Mid-August Selling Spree Of Multifamily, Mixed-Use Buildings Hits I-Sales Market

August 17, 2021, Orion Jones, TheRealDeal.com - Residential buildings, some with ground-floor commercial units, are hot commodities.  The market price of residential buildings across New York City, some with ground-floor commercial units, came into view last…