Updated third quarter data shows seniors housing and care transactions volume in the third quarter of 2017 registered $5.0 billion. That includes $1.5 billion in seniors housing and $3.5 billion in nursing care. The total volume was up 129% from the prior quarter’s $2.2B and up 6% from the third quarter of 2016 when volume totaled $4.7 billion.
Thumbs up or down? Session audience votes on real life redevelopment projects Let’s say a business opportunity lands on your desk. Maybe it’s an older property that needs some updating but has a great location. Perhaps it’s a newer building with occupancy problems, or a property with any number of other challenges that seem fixable. What would you do? Would you take the risk? What are the factors to consider beyond the obvious ones that could determine success or failure?
Shortly following the hurricane that left many in Florida without power and resources for days on end, Florida Gov. Rick Scott issued an executive order requiring nursing homes and assisted living facilities to install backup generators within 60 days of the order. As discussed in the recent NIC blog on the order, the potential for a challenge to the measure could impact the timeline or requirements of the Governor's executive order. While the Florida Health Care Association (FHCA), representing most of the state's nursing homes and which convened to discuss the rule following the announcement, expressed its support for the measure, others object to the requirements. LeadingAge Florida, which represents non-profit nursing homes and other sectors that provide housing and services to seniors in the state, filed a legal challenge against the rule September 26. Florida Argentum and the Florida Assisted Living Association also filed challenges. Following the LeadingAge challenge, Miami city commissioners gave approval of legislation similar to Gov. Scott's executive order. Meanwhile, advocates in Ohio have expressed the need for comparable rules in their own state.