Fund managers are drawn to build or buy seniors housing properties.
Features
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.
Many appraisal districts across the country will re-start the appraisal process on all properties in their respective locations at the start of the new year. A vast majority of these appraisers are trained to value the most common property types in their jurisdictions such as office, multi-family, retail, etc.; however, the seniors living valuation methodologies are not part of the appraisal district’s strong suit. Inaccurate property valuations result when districts are unfamiliar with the senior housing market overall. The more services offered at these facilities unrelated to real estate often …
Maintaining viable health under increasing pressures By Martin Cauz Nursing care facilities need to have the necessary human and financial capital to deliver the highest quality of care to residents. To say that nursing care facilities in the United States are currently facing tremendous financial pressures would be an understatement.
Published six times per year, Seniors Housing Business is the voice of the seniors housing industry, providing news and information on industry trends and issues and how they impact every stakeholder. The magazine includes exclusive content that is not archived online.