by Steve Monroe | Sep 6, 2023 10:12 am | 60 Seconds, Developments
We already reported on the new proposed staffing requirements for nursing homes, coming at a time when most everyone in senior living is still struggling with finding enough staff, and paying for them. Coincident with the release of the proposed rules, USA Today... Read More »
by Steve Monroe | Aug 31, 2023 4:08 pm | Developments, Financings
Investment banking firm Ziegler just closed a $118.33 million bond financing for Emerald Heights, a not-for-profit CCRC in Redmond, Washington, with 333 independent living units (including apartments and cottages), 40 assisted living beds, 16 memory care units and 61... Read More »
by Steve Monroe | Aug 31, 2023 3:49 pm | Developments
While we are not surprised, the vote on the merger of Diversified Healthcare Trust and Office Properties Income Trust, scheduled for this past August 30, has been postponed until September 6, even though “the polls remain open.” With the three major proxy firms... Read More »
by Steve Monroe | Aug 28, 2023 8:59 am | Developments
With its upcoming August 30th shareholder vote on its merger with Office Properties Income Trust, Diversified Healthcare Trust provided some discouraging news on its seniors housing portfolio. It is almost as if they wanted to have bad news, since the dissident... Read More »
by Steve Monroe | Aug 24, 2023 4:00 pm | Developments
Gardant Management Solutions has just taken over management of 25 assisted living communities in Illinois (22) and Ohio (3) with nearly 1,375 units. With this addition, Gardant’s size will increase by about 45%, something that will not be too easy to transition in the... Read More »