The Employment Challenge in a Rising Wage Economy

Senior Housing News recently ran an article/editorial discussing the impact that wage pressure is having on the ability of Senior Living Communities to hire and retain staff without blowing the P&L.   In Central Florida, where …

Property Tax Exemptions for 2019

Now is the time for senior living facilities around the state to evaluate whether the facility is eligible for any property tax exemptions for 2019. Exemption applications are due with the respective County Property Appraiser …

Overheard at NIC 2018 . . .

As always, the NIC Conference in Chicago is a great experience and an unique opportunity to connect  owners, managers, lenders and (of course) the attorneys that represent each of them.  Interesting conversations always ensue, and …

Florida’s Minimum Wage Rises to $8.46 in 2019

By: Rachel D. Gebaide & Jill Davis Simon Florida’s minimum wage will increase effective January 1, 2019 as follows: Florida’s minimum wage will increase by 21 cents from $8.25 to $8.46 per hour. Florida’s minimum …

Improving Elder Care through Technology

By: Hallie Fisher.  A relative of mine recently moved into an independent living facility, and within days we had received notice that she had been summoning the staff for routine questions (“How late is breakfast …

Depletion of Staffing

The New York Times on Sunday had a troubling front-page article Sunday on nursing homes masking the depletion of their staffs.   Nursing homes are not ALFs, so why should this bother us?  For two reasons: …

Tax Reform Improves Expensing and Depreciation Rules

By: Amanda Wilson The Tax Cut and Jobs Act made several key changes to the expensing and depreciation rules, which will be a boon for Senior Living businesses that tend to be real estate heavy. …

Technology for Senior Living

by: Hallie Fisher.  The Building Design & Construction Network states that unique and distinctive amenities are a must-have for Senior Living Facilities. Examples of such amenities include access to walking trails, innovative and fun dining …

Baby Boomers: Ride-Sharing and Technology

By: Hallie Fisher.  A hot topic in senior housing over the past few years has been how Baby Boomers are going to affect the senior housing market. It’s clear that the sheer number of Baby …

Senior Housing Symposium: The Laws They Are A-Changin’

We enjoyed hosting another successful Senior Housing Symposium where we discussed how changes to Federal tax law under the recently-passed Tax Act may impact senior housing owners and investors. We also discussed what laws were …

More Frequent Paydays Could Mean More Reliable Employees

A Florida fast food franchisee recently experimented with a pilot program which allowed employees to receive one-half of their pay for a shift the next day via a debit card (without any fees or other …

Tax Reform Brings New Interest Expense Limitation

By:  Amanda Wilson The Tax Cut and Jobs Act introduced a new rule limiting a businesses ability to deduct interest expense, which can have a significant impact in the senior living area as facilities often …

Scrutiny of Assisted Living Facilities

  By: Shawn Rader:  On February 4th,  the New York Times had an article which should give the ALF industry pause.  It reported that at the request of four senators, the Government Accountability Office commissioned …

Aging Population Continues to Drive Real Estate

By: Shawn Rader Recently, Integra Realty Resources published a report that predicts overall growth in today’s senior population, click here to read the report. The aging population will be a significant tailwind for real estate …

Growing Trends and Competition

In the Industry, it is good to keep up with growing trends and competition.  In that regard, the Pioneer Valley Cohousing Community in Amherst, Massachusetts is an example. For now, cohousing communities are still a …

Dining for Dollars

  In the past the dining room in any assisted living facility was considered comparable to a dispensary—a necessary service facility for the residents.  Over time, some ALFs dressed them up with dress codes, decorations …

Six Things To Know About the New Pass Through Income Deduction

By:  Amanda Wilson The ownership structures for senior living facilities often involve pass-through entities such as partnerships and REITs.  The tax reform legislation that was signed into law last month introduces a deduction for pass-through …

Arbitration and Eviction: A Recipe for Delay

By: James Walson.  Leases in an independent living component of an assisted living facility will often contain an arbitration provision.  Although arbitration can be helpful in reducing litigation expenses, arbitration can lead to significant delay …

What Caregivers Can Do to Create a Dependable Bedtime Routine

Adequate sleep is essential to good health. Unfortunately, sleep can be difficult for elderly people and their caretakers, particularly among elderly people who are disabled. Physical pain, emotional stress, or challenging sleep environments can make …

Are Your Partnerships Ready for 2018?

By:  Amanda Wilson While the news is filled with the ongoing tax reform activity in Congress, there is one tax change that is already in place to take effect January 1, 2018 – the repeal …

Demand for Employees Expected to Continue to Grow

It’s no secret that finding and keeping good employees is one of the keys to the success of any senior living facility.  Owners and operators are  having to become more and more creative in offering …

Baby Boomers Continue to Push the Trends in Senior Living

Baby Boomers spent more money in life on leisure activities than previous generations,  and will therefore demand the types of lifestyle they have experienced.  Restful rooms with Wi-Fi connections, expresso bars and cafes with healthy …

Florida’s Minimum Wage Rises to $8.25 in 2018

By: Rachel D. Gebaide & and Timothy C. Haughee Florida’s minimum wage will increase effective January 1, 2018 as follows: Florida’s minimum wage will increase by 15 cents from $8.10 to $8.25 per hour. Florida’s …

Republicans Announce Tax Reform Framework

By:  Amanda Wilson After months of speculation, President Trump and the Republicans have finally announced their framework for tax reform.  While specific details are not known, the key elements of the framework that could impact …

Opportunities in Affordable Seniors Housing

Daryl Carter recently published an interesting article in Seniors Housing Business regarding what he sees as opportunities for addressing “the overwhelming need for affordable seniors housing in today’s market”.  Two of his points hit upon …

Background Checks: Fair Credit Reporting Act Compliance

By: Rachel D. Gebaide and Andrew Kelly* Employees – and unsuccessful applicants for employment – are increasingly asserting claims under the Fair Credit Reporting Act (FCRA) for violations arising out of background checks conducted by …

Trends in Senior Living

By: Shawn Rader:  Latest Trends in ALFs Baby Boomers have changed the course of marketing and products throughout their lives,  and ALFs are proving no different.   The days of uniform ALFs is passing,  and those …

Growing Rideshare Program Gives Brookdale a ‘Lyft’

Tim Mullaney at Senior Housing News has an interesting new article (posted below) on how Brookdale Senior Living is partnering with a ride-sharing company to provide residents greater flexibility in solving their transportation needs. Are …

Interior Design for Alzheimer’s

By:  Shawn Rader.  When building and furnishing a memory care facility,  it is important to understand the impact of colors and furnishings on people with Alzheimer’s disease.    In the February 11th issue of the Orlando …

Luxury Senior Living on the Rise

Senior Housing News recently published an interesting article on the increasing demand for luxury senior living (read the full article at http://seniorhousingnews.com/2016/08/23/luxury-senior-living-booming/).  The gist of the article is that many Baby Boomers are retiring with …

Ryan Says Tax Reform Coming, But Later This Year

By: Amanda Wilson On Friday, House Speaker Ryan stated publicly that tax reform legislation will be included in one of two must pass budget resolutions this year, but it will be included in the fiscal …

Are Hybrid Facilities the Wave of the Future?

Seniors Housing Business (www.seniorshousingbusiness.com) recently published a fascinating article on attempts by some senior housing operators to create facilities with a mix of independent living and assisted living residents.  Recognizing that couples moving into facilities …

IRS Reduces Built-in Gains Tax Period For REITs

By:  Amanda Wilson Ownership structures using real estate investment trusts (“REITs”) are common in the Senior Housing industry.  One of the key benefits of a REIT is that it is effectively a pass through entity …

What Will Interest Rates Do in 2017?

Our good friends at HJ Sims Investments recently published their “Market Outlook” for 2017, which features some interesting speculation on where interest rates will go under a Trump Administration. A key excerpt: It usually takes …

Making Seniors Housing Affordable for Middle-Class Residents

Senior Housing Business magazine’s October-November 2016 issue had an interesting “question of the month” – asking how to make the industry more affordable for the middle class.  Unsurprisingly, there were many differing opinions on the …

Your 2017 Predictions (Part Five of Five)

Our final question to participants was an open-ended one:  what are their biggest concerns for the coming year.  As you’ll see from the results below, there are a wide variety of concerns – a few …

Your Predictions for 2017 (Part Three of Five)

Today we share with you responses to two different, but related, questions related to employee compensation and changes or potential changes in federal and state/local law regarding the same. The first question related to the …

Your predictions for 2017 (Part One of Five)

Last week, in connection with our Senior Housing Symposium entitled “Looking Back . . . Looking Forward” we surveyed our attendees to get a feel for where they predict next year will look like in …

What Is Carried Interest?

By: Amanda Wilson During the second presidential debate, one of the few things that both candidates agreed on was doing away with carried interest as part of their proposed tax changes. This could have significant …

CMS CRACKS DOWN ON SOCIAL MEDIA ABUSE BY NURSING HOME STAFF

By: I. Paul Mandelkern:  On August 5th the Centers for Medicare & Medicaid Services (CMS) issued a memorandum to all state survey agencies requiring that during the next standard survey of a nursing home, whether …

Technology Must Be A Priority for Senior Living Communities

A recent panel at the Chicago Senior News Chicago Summit discussed the tendency of senior housing developers to spend money on the wrong priorities. In particular, they noted that money spent on technology should be …