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 …
COVID Impacts Senior Housing Construction
| John Ruffier | The impact of the COVID-19 pandemic is not limited to making it harder to sell a senior living community due to nervous buyers and lenders (although we are seeing a thaw). …
Changes to Dining Plans in Senior Housing
By Hallie Fisher: Baby Boomers will be the next generation to enter independent and assisted living facilities, and those who move by choice will be discerning when it comes to choosing a facility. It’s no …
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 …
Managing Privacy Issues and COVID-19 at Independent Living Facilities and Age-Restricted Housing Communities
By: Rebecca Rhoden & Rasheem Johnson As COVID-19 cases continue to spike, people are afraid, especially seniors who are more susceptible to the disease. Understandably, when an infection occurs, residents of independent living facilities and …
Don’t Forget the Tax Man: Many Tax Returns and Payments Due Next Week
By: Amanda Wilson Because of Covid-19, the IRS extended most federal tax filing and payment deadlines otherwise due from April 1, 2020 to July 14, 2020 until July 15, 2020. The postponement is coming to …
NIC Notes
By John Ruffier, Chair of the Lowndes Senior Housing Practice Group In case you are not one of the over 3,000 people attending the 2019 NIC Fall Conference in Chicago, we thought we’d share a …
