Senior Housing News released its predicted trends for 2023 and we’ve read (and summarized) them below. But we encourage you to read the entire article – there is some seriously interesting stuff there! 1. Active Adult …
Good News: IRS Grants $1.2 Billion in Penalty Relief for Taxpayers Impacted by Covid-19
By: Amanda Wilson The senior living industry was hit hard by the Covid-19, and the IRS recently announced relief for people or businesses who filed their 2019 or 2020 tax returns late as a result. If …
Senior Housing Communities Struggle to Balance Budgets Among Inflationary Pressures
By: John Ruffier It comes as no surprise to anyone in the senior housing industry that the one-two punch of staffing challenges and inflationary pressure on the cost of goods is creating challenges for operators. …
Supply Chain and Staffing Issues Continue to Impact Senior Housing Space
By: Brendan Lynch Over the last year, it has become evident to any consumer that supply chain and staffing issues are real problems facing nearly all industries. The senior housing field is no different. As …
Bipartisan Bill Proposes Changes to Opportunity Zone Benefits
By: Amanda Wilson If you acquired or built a senior living facility that is located in an opportunity zone, or are considering doing so, a recent bipartisan bill introduced in Congress proposes making changes to …
Dementia Care in Assisted Living Facilities
By: Shawn Rader Of the 300,000 assisted living facilities in the country, some specialize in residents with dementia, and suggest the following activities for these residents: Socializing one on one with conversation of reading a …
FDA Approves Second Booster Dose
By: Shawn Rader On Tuesday, March 28th, the US Food and Drug Administration approved a second booster dose of the Pfizer-BioNTech or Moderna Covid-19 vaccines out of a concern for a potential surge in cases …
Using Your Salespeople to Recruit Staff
By: John Ruffier Senior Housing News recently spotlighted New Jersey-based Juniper Communities’ innovative use of its sales staff to recruit individuals to work in their communities. As it turns out, the same people who sell …
New Senior Living Construction Is Up, But Proceed with Caution
By: Shawn Rader Tim Regan of Senior Housing News recently authored an article entitled, “Why Senior Living Developers Should Be Careful as New Construction Ramps Up Again,” that warns of several factors that must be …
Providers May Be Required to Update Visitation Policies as No Patient Left Alone Act Set to Become Florida Law
By: Hanna Edeback Senate Bill 988, known as the “No Patient Left Alone Act,” is on its way to the governor’s desk after being passed nearly unanimously by the Florida House and Florida Senate. Intended …
Award-Winning Memory Care Design Moves Away from “Institutional Feel”
By John Ruffier We’re geeks for architectural design here at Lowndes, and Senior Housing News recently highlighted an innovative design by Sage Oak Memory Care in Lake Charles, Louisiana. Seeking to combine the feel and …
Senior Housing Leaders Optimistic on 2022 Outlook
By: John Ruffier Senior Housing News recently released a survey of leaders within the senior housing industry who, despite the headwinds of COVID and hiring stresses, are optimistic about the industry as we head into …
Property-Tax Exemptions for Senior-Living Facilities: Application Deadline is March 1, 2022
By: Brendan Lynch While these last two years have often caused individuals to forget the day or month we are in, one thing hasn’t changed: deadlines. It is again the time for senior living facilities …
As Tax Filing Deadline Approaches, Avoid This Trap for the Unwary If You Have an Open 1031 Exchange
By: Amanda Wilson In the senior living area, a taxpayer that is selling a community may look to avoid recognizing gain on the sale by entering into a Section 1031 like-kind exchange with respect to …
Top 10 Anticipated Trends in Senior Housing for 2022
By: John Ruffier. Senior Housing News recently published its predictions for the top ten trends that will affect the senior housing industry in 2022. It is an interesting list and includes some fascinating strategies that …
Luxury Senior Living Targets Boomers
By Shawn Rader On November 27th in The New York Times, Steven Kurutz reviewed three luxury senior living locations in New York City, as representing a small but recent trend in senior living for Baby …
Wellness Push Into Senior Living Facilities
By Brendan Lynch: Covid has changed the way that many of us live, and certainly the way that many of us do business. Throughout many industries, there is an increased push towards wellness initiatives (including …
Florida’s Minimum Wage Rises to $10.00 on September 30
Effective September 30, 2021, the minimum wage in Florida will increase to $10.00 per hour from its current rate of $8.65 per hour. The increase stems from a state constitutional amendment, approved by Florida voters …
Act Before Year End to Maximize Opportunity Zone Benefits
By: Amanda Wilson If you are planning to acquire or build a senior living facility that is located in an opportunity zone, there are many tax benefits that are available to you. One of these …
AHCA Rule Changes Go Into Effect Today for Senior Housing Operators
By: John Ruffier Courtesy of our friends at the Florida Senior Living Association: Today, August 16, 2021, AHCA’s Final Adopted Version of Rules 59A-36.007 .008, & .028, F.A.C., which implement HB 767 (2020) are effective. …
Florida Senior Living Association Polls Members on Covid-19 Vaccination Practices
By: John Ruffier The Florida Senior Living Association just released the results from a member survey on Covid-19 Vaccination Practices with interesting results: 29.5% require or intend to require residents to be vaccinated; 50% require or intend …
Seniors Looking for Technology When Making Senior Housing Choices
By: John Ruffier K4Connect recently released its “Summer Insights Report” extolling the values that technology can bring to senior living communities. While not surprising that a poll conducted by a company specializing in technology within the senior living …
Bank Consolidation Poses Challenges for Senior Living Communities
By: John Ruffier A representative from specialty investment bank Ziegler recently sat down with Senior Housing News and explained how the fact that nearly half of all U.S. banks have been acquired or gone out of business in the last 20 …
Senior Living Communities Not Immune from Staffing Shortages
By: John Ruffier Seemingly everywhere you go these days you hear about worker shortages – in restaurants, stores, factories – the list goes on and on. Not surprisingly, senior living communities and their operators are …
Active Hurricane Season Predicted for 2021: Prepare Your Staff and Residents Now
By: John Ruffier Sometimes a reminder is a good thing. With hurricane season here, and experts predicting it may be a busy one (although we hope not), now’s a good time to look back at a Senior Housing News article discussing the lessons learned by Insignia …
Pandemic Leads Families to Care for Loved Ones at Home
By: Shawn Rader On May 6, 2021, in The New York Times, Reed Abelson wrote an article entitled, “Covid Forces Families to Rethink Nursing Care.” Of course, nursing homes are not assisted living facilities; nevertheless, …
2021 Property Tax Valuations Being Determined
By: Brendan Lynch All around Florida, the elected county Property Appraiser in each of our state’s 67 counties is starting to determine 2021 valuations for property tax assessment purposes. Property tax valuations are ultimately published …
Biden Administration Plans to Spend $400 Billion on the Elderly
By: Hallie Fisher One of the largest goals of the Biden Administration is increasing care for the elderly. Over the next eight years, the Biden Administration plans to dedicate about one-fifth of the funding for …
Aging at Home Becomes a Popular Option During Pandemic
By: Shawn Rader Aging at home is the new trend. An article in The New York Times on April 4, 2021, talks about the movement of people away from institutional housing such as nursing homes and senior living facilities which has …
Low Vaccination Rate Among Senior Housing Staff Poses Problems. Are There Any Solutions?
By: John Ruffier Florida Trend (citing the Tampa Bay Times) recently reported that while 93% of assisted living residents have received at least one dose of the COVD-19 vaccine, vaccination rates of staff are lagging across the state. According …
Senior Housing Occupancy Rates – The Road to Recovery
By: Matthew McMurtrey In a recent article published by Senior Housing News, Chuck Sudo discusses senior housing occupancy rate predictions for 2021. Many older individuals chose to suspend their plans to move into senior housing …
Technology and the Human Connection in Senior Living
By Hallie Fisher: Technology has been making our lives more convenient for decades, and nothing has highlighted this reality more than the pandemic. It is now the norm to have groceries and gourmet food delivered …
Small-House Senior Living in the Age of the COVID-19 Pandemic
By Matthew McMurtrey: In the age of the COVID-19 pandemic, demand for small-house senior living operations may increase. According to a recent Harris Poll survey, over one-third of urban dwellers have stated that the COVID-19 …
Preparing for the Next Covid-Like Outbreak
By John Ruffier: Senior Housing News recently featured an interesting article discussing the new and increased focus of senior living communities on infection control. Smart leasers are looking beyond the short-term obligation to deal with …
Creative Senior Living
By Shawn Rader: In an article by Tim Mullaney in the Senior Housing News, he addresses the challenges faced by senior living providers in dealing with the next generation of senior living residents, the baby …
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 …
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 …
Have a Partnership? Return Due Date is This Wednesday (March 15)
By: Amanda Wilson As we mentioned when the new law was passed (see prior discussion here), the federal due date for filing partnership and corporate tax returns changed for tax years beginning on or after 2016. …
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 …
Florida’s Agency for Healthcare Administration Announces Crackdown on Employee Background Checks
Florida’s Chapter of the Assisted Living Federation of America just advised that Florida’s Agency for Healthcare Administration released an e-blast today warning that it will begin to carefully scrutinize employee rosters at senior living facilities to …
