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 …
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 …
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 …
Could Accessory Dwelling Units Be the Next Big Trend for Assisted Living Facilities?
By: Shawn Rader On Sunday, February 7, 2021, The New York Times published an article entitled, “Converting Backyards into Family Compounds,” involving the latest trend in assisted living – accessory dwelling units. These are small homes built on the …
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 …
