News

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…

Civitas Capital Group Acquires 288-Unit Territory At Greenhouse Luxury Apartment Community In Houston's Energy Corridor

August 11, 2021, MultifamilyBiz.com - Civitas Capital Group, a Dallas-based global alternative investment manager offering niche opportunities in U.S. real estate, has acquired Territory at Greenhouse, a 288-unit, 13-building, garden-style luxury apartment complex in West…

U.S. Senate Introduces Bill To Enhance Medicaid Funding, Establish Staffing Minimums

August 10, 2021, Amy Stulick, Skilled Nursing News - Six U.S. senators have introduced the Nursing Home Improvement and Accountability Act of 2021, which…

Capital Senior Living Butting Heads

August 10, 2021, Steve Monroe, The SeniorCare Investor - A few weeks ago, we wrote about the proposed recapitalization of Capital Senior Living.  This will give effective control to the investor, Conversant Capital, and result in a lot of dilution to existing shareholders.  The investment…

Immanuel Purchases Two Lifespace Communities In The Midwest

August 10, 2021, Ben Swett, The SeniorCare Investor -  Immanuel Communities, a not-for-profit owner of senior living communities, is extending its reach in the Midwest market with its recent purchase of two communities in Iowa and Nebraska from another not-for-profit, Lifespace…

PruittHealth Among Latest SNF Operators To Mandate Staff Vaccination

August 9, 2021, Amy Stulick, Skilled Nursing News - Georgia-based operators PruittHealth, Community Health Services of Georgia (CHSGa) and A.G. Rhodes on Monday announced all employees across the three companies will be required to get the COVID-19 vaccine as a term of employment.

Low…