By Matt Valley DALLAS — The theory behind the big push by many local and state governments for a $15 hourly minimum wage is that a sizable pay hike for low-wage workers will boost consumption and reduce employee turnover.
Operations
REITs, Lenders Put Support Behind NIC Initiative to Track Actual Rents, Leasing Activity
by Jeff Shaw
ANNAPOLIS, Md. — Some of the largest REITs and lenders in the seniors housing space have announced support for a new initiative to track actual rents in seniors housing communities, a project spearheaded by the National Investment Center for Seniors Housing & Care (NIC).
By Bradley Harris, CEO and founder, Bradley Harris & Associates The seniors housing industry has always faced challenges in both recruiting and retaining top talent, particularly among front-line staff such as caregivers, nurses, mid-management and similar roles. But now the labor market is tightening and — as the number of seniors requiring care continues to skyrocket —recruitment and retention has become a top concern in the industry.
Signature HealthCARE Acquires Operations of 18 Care Capital Properties Skilled Nursing Facilities
by Jeff Shaw
LOUISVILLE, Ky. — Signature HealthCARE LLC, a Louisville-based skilled nursing operator, has acquired the operations of 18 skilled nursing facilities from Elmcroft Senior Living Inc. for an undisclosed price. Care Capital Properties (CCP), a Chicago-based skilled nursing REIT, owns the facilities, all but one of which are located in Kentucky.