News

Multifamily Community In Chicago's Newest Transit Oriented Location Achieves LEED Certification

May 1, 2019, MultiFamilyBiz.com - Hunt Companies and Savoy Development announced that its multifamily development at Logan Square in Chicago, Noca Blu, has achieved LEED Silver certification from the U.S. Green Building Council.  Noca Blu, one of the first new multifamily properties in the…

Watercrest Senior Living Group And United Properties Celebrate The Groundbreaking Of Senior Community

April 30, 2019, MultiFamilyBiz.com - Watercrest Senior Living Group and United Properties gathered with construction, development, design and community partners to celebrate the ceremonial groundbreaking of Watercrest Sarasota Senior Living Community in Sarasota, Florida.  The 198-unit, luxury…

ManorCare Sees Occupancy Boost As Welltower Plots 45-Building Capital Improvement Plan

April 30, 2019, Alex Spanko, Skilled Nursing News - Executives from Welltower Inc. (NYSE: WELL) have been largely mum about the company’s ongoing integration of HCR ManorCare’s skilled nursing facilities into its overall portfolio, but when pressed Tuesday, leaders hinted that the metrics…

Skyline Facilities In Massachusetts Placed In Receivership As Unpaid Bills Mount

April 30, 2019, Maggie Flynn, Skilled Nursing News - Officials in Massachusetts successfully petitioned to have five skilled nursing facilities operated by the troubled Skyline Healthcare placed in temporary receivership.  The receivership…

Sitting Out Bundled Payments Could Leave Skilled Nursing Providers Far Behind

April 29, 2019, Alex Spanko, Skilled Nursing News - For many skilled nursing providers, the launch last week of the 2020 application period for the government’s flagship bundled-payment program was low on the list of priorities.  After all, under the new Bundled Payments for Care Improvement…

Upscale Apartments Mixed With Affordable In Milwaukee High-Rise

April 26, 2019, Tom Daykin, Milwaukee Journal Sentinel - Downtown Milwaukee's newest proposed apartment high-rise would mix people paying what could be among the city's highest rents with other residents whose income is perhaps half that of their neighbors.  Known…

Decades-Old Medicaid Rates Claim 20 Skilled Nursing Closures In Illinois - With More On The Way

April 23, 2019, Maggie Flynn, Skilled Nursing News - The state of Illinois bases its Medicaid reimbursements for nursing homes on calculations that are years out of date, leading to financial pressures that have closed 20 facilities in the state since March 2014.  That’s according to a new…

Nursing Homes Held By Skyline Owner Face Crisis, Bouncing Paychecks In Mass.

April 23, 2019, Maggie Flynn, Skilled Nursing News - A handful of nursing homes in Massachusetts held by the owner of the troubled Skyline chain have seen bounced paychecks in recent weeks — and at least one has had so many nurses’ aides leave that an entire floor had to close, The…

HHC Finance’s March Madness

April 17, 2019, Steve Monroe, SeniorCare Investor - Housing & Healthcare Finance posted a strong month in March with six HUD transactions closed for skilled nursing facilities in Florida, New Jersey, New York and Texas, plus one for a 156-bed supportive living facility in Illinois, all totaling…

Misleading Information For Consumers

April 17, 2019, Steve Monroe, SeniorCare Investor - A professor with a new book on dementia care claims a semi-private room in a “decent” nursing facility in a big city costs $240,000 per year. Hogwash.  I hate it when bad information gets out there, and a professor of psychiatry…