By investing in both seniors housing and related healthcare services, the private equity firm is making its mark.
Jeff Shaw
A final rule pubished by the National Labor Relations Board (NLRB) in December 2014 regarding union election timelines could have a major impact on the seniors housing industry. The new rule includes several elements, but the most significant consequence of the ruling is shortening the amount of time between filing an election petition for a proposed union and the date the election is held.
Love Funding has been lending for over 30 years, but the past eight have marked a shift. FHA and HUD lending has always been a hallmark of the company, which offers refinance, construction and acquisition financing programs for multifamily and affordable housing, as well as senior housing/healthcare facilities and hospitals. But in 2007, the company decided to play to their strength and focus solely on government-backed loans.
What began as a daunting, seven-month strategic planning process for David Schless, president of the American Seniors Housing Association (ASHA), turned out to be an “incredibly rewarding” experience for him. More importantly, the newly unveiled five-year strategic plan will position ASHA for even greater effectiveness in the long run, says the veteran executive.