What will happen to my 2020 Property Taxes?

By Brendan Lynch:  As the pandemic continues to ravage many industries, senior living facilities continue to stand apart as specially impacted properties. From the outset of the COVID-19 crisis, these facilities have been in the …

Have an Open Like-Kind Exchange? Don’t Fall Into This Trap

By:  Amanda Wilson A common tax planning tool for real estate transactions is to engage in a like-kind exchange of real estate.  If structured properly, a taxpayer can sell real property (the relinquished property) and …

Hurricane Season is Here – Is Your Facility Ready?

Senior Housing News recently published an interesting article (https://seniorhousingnews.com/2019/07/30/5-months-no-electricity-what-insignia-senior-living-learned-from-its-hurricane-ordeal/) discussing lessons learned by Insignia Senior Living from when Hurricane Maria hit Puerto Rico two years ago – and left their facility with no electricity for …

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 …

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 …

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 …

The Use of Condominium Regimes in Senior Housing Facilities

By William S. Vanos Given the degree of flexibility created by the condominium form of ownership of real property, it is probably not surprising that condominium regimes are often employed in connection with senior living …