A Time of Change

The pandemic and a new White House administration lead to a changed legal and regulatory landscape, and the jury is still out on the near-term and long-term impacts. By Jeff Shaw The seniors housing industry has undergone an unprecedented amount…

CareTrust REIT Promotes James Callister to Executive Vice President

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE: CTRE), a San Clemente-based healthcare real estate investor, has promoted James Callister from general counsel to executive vice president. Callister has been with the company since 2021. His primary focus is working…

The SHB Interview: Mark Parkinson, President and CEO, AHCA/NCAL

Former Kansas governor transitioned 11 years ago from politician to leading one of the largest healthcare associations in the industry, and he’s never looked back. By Jeff Shaw Mark Parkinson’s wide-ranging career in both the private and public sectors, including…

Question of the Month: How is inflation impacting your business?

Consider offshoring some staff By Sarah Thomas CEO MezTal With inflation and staff shortages impacting us all, it’s difficult to find qualified talent to fill our open positions at a rate we can afford to sustain.  The average salary increase…

Welltower, NHI Reach Agreement in Lawsuit Over Holiday Portfolio

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has entered into a memorandum of understanding with Welltower (NYSE: WELL) regarding a lawsuit over a portfolio of Holiday Retirement properties. The agreement sets forth principal terms by which NHI and…

Sabra Amends Master Lease with Avamere Group

IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has entered into a definitive agreement to amend the company’s master lease with a tenant, Avamere Group. Avamere’s annual base rent on the current portfolio has been reduced roughly 30…

Owners, Operators Get in Sync

A variety of partnerships and lease structures present many options for landlords and tenants to both benefit. By Jeff Shaw In the retail real estate world, triple-net leases are king. Under this standard agreement, the tenant is responsible for all…

Webinar: COVID Strategies for Seniors Housing Operators — Managing Risk

  In the Oct. 26 Seniors Housing Business webinar entitled “COVID Strategies for Seniors Housing Operators — Managing Risk for Residents, Staff and Service Providers,” the topic of discussion was how best to keep residents and staff safe from COVID-19. Panelists shared differing…

Understand the Impact of Intangibles

How to use these factors to reduce a senior living property’s tax assessment. By Morris Ellison The longstanding debate over intangible value in commercial real estate taxation rages unabated, and nowhere is the squabbling fiercer than in valuing senior living…

How to Work with Cities on New Developments

Making a partner of your municipality can smooth over many challenges. By Chad Suitonu The hardest thing about senior living development is finding the right land. Many of the good spots are already taken and competition is fierce for the…

Make Safety a Competitive Advantage

COVID-19 broke seniors’ trust, and successful communities must repair it. By Raj Shah, CareSafely Running a seniors housing business is an inherently risky proposition. As an operator, you are trusted with caring for residents and patients with complex and persistent…

Private Equity Faces Challenges and Opportunities Amid COVID-19

By Michael Okaty and Mark Scimeca, Foley & Lardner The private equity investment landscape for seniors housing has, like so many things this year, been profoundly disrupted by the ongoing COVID-19 pandemic. From 2016 through the third quarter of 2019,…

2Life Communities Names Jeff Sacks as Chairman of the Board

BOSTON — 2Life Communities, a Boston-based developer, owner and operator, has named Jeff Sacks as the company’s chairman of the board. He replaces Donna Kalikow, who will continue to serve on the board. Sacks, a partner with Nixon Peabody, is…

Protecting Long-Term Facilities in a Mass Tort Era

Legal protections are complicated in the world of COVID-19. By Matt Keenan and Jenn Hatcher, Shook, Hardy & Bacon The owners and operators of long-term care facilities know better than almost everyone does how the destructive evil known as COVID-19…