News

Multifamily Housing Market Wrapping Up 2019 On A Strong Note

December 11, 2019, Julia Falcon, HousingWire.com - All indicators thus far show that 2019 will end up being a very solid year for multifamily real estate.  Now, a new report from YardiMatrix just adds more fuel to that fire.  In 2019, more than 320,000 multifamily units were absorbed into…

Seniors Housing Rates: Actual vs. Asking

December 11, 2019, SeniorCare Investor, Steve Monroe - For years, NIC MAP has been presenting quarterly changes in seniors housing asking rates, but it is now trying to get beyond that and get the actual rental rates.  That will add a lot more needed transparency.  As…

Sabra CEO Matros Has ‘No Sympathy’ For Third-Party Therapy Companies Amid Switch To PDPM

December 9, 2019, Alex Spanko, Skilled Nursing News - The new Medicare payment model for nursing homes has brought significant upheaval around therapy provision — an outcome that one prominent CEO of a large publicly-traded REIT in the space says therapy companies should have seen coming…

Ensign Expands In North Texas

December 4, 2019, Ben Swett, SeniorCare Investor - The Ensign Group grew its skilled nursing portfolio by five facilities in two separate transactions, bringing its total holdings to 213 skilled nursing properties in 13 states.  The larger transaction consisted of the operations…

Negative Operating Margins For SNFs?

December 4, 2019, Steve Monroe, SeniorCare Investor - Always be careful about terminology in health care, and make sure you understand what things mean, like operating margin.  It is always important to understand the definitions of certain terms, especially when it comes to…

Why The Median Skilled Nursing Margin Fell Below 0%

November 24, 2019, Alex Spanko, Skilled Nursing News - Earlier this fall, a decades-old annual survey of nursing home finances revealed that for the first time, the median operating margin for the nation’s skilled nursing facilities fell below zero.  While the statistics from consulting firm…

Brookfield Breaks Ground On $950M Bronx Mega-Project

November 22, 2019, Greg Isaacson, Multi-Housing News - Brookfield Properties has started construction of Bankside, a $950 million waterfront residential development in the South Bronx’s Mott Haven neighborhood that will bring more than 1,350 apartments to the New York City borough.  The project’s…

NHP Foundation Grows Its Chicago Holdings

November 21, 2019, Steve Monroe, SeniorCare Investor - The NHP Foundation, a New York-based not-for-profit organization known for preserving and developing affordable housing, just acquired its first Chicago-area senior apartment building, and fourth property overall in the…

SNF Providers Are On A PDPM Learning Curve

November 21, 2019, Ben Swett, SeniorCare Investor - It’s been less than two months since the new Patient Driven Payment Model (PDPM) was implemented across all SNFs participating in Medicare Part A, and while no one can make definitive conclusions on the results and success of the program…

Recent Congressional Testimony

November 20, 2019, Steve Monroe, SeniorCare Investor - Skilled nursing gets hammered, again, in Congressional hearings, but they avoid the biggest overall problem: lack of funding.  So, did you think I was going to talk about the impeachment hearings?  No way.  That would be…