There are nearly 23 million veterans in the United States today, more than half of whom are 60 years or older. Yet a significant percentage of the veteran population doesn’t know about the governmental benefits available to them when it comes to seniors housing.
Heading into 2014, skilled nursing facility owners, operators and investors are dealing with a number of changes, such as Affordable Care Act requirements, plummeting occupancy and an increased amount of short-term patients, all of which will encourage renovation, sophistication and consolidation within the industry.
The hotel market has returned to almost normal since the recession, according to a recent Jones Lang LaSalle report, with growth in revenue per available room, the national occupancy up to almost the 2006 peak, $14.6 billion in transactions this year and lenders hungry to invest in hospitality.
The Midwest industrial market has responded well to the economic recovery, and according to some benchmarks has outperformed the coastal port cities that have traditionally been the power house markets for the sector.
The story of the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) program can be compared to the fable of David and Goliath. The building industry’s currently accepted green rating standard started small in 1999, but has now reached near-giant status. So it’s not surprising that in the past two years, LEED has been under attack.
The owners of the large CityCenter mixed-use complex in Las Vegas, Infinity World Development Corp. and MGM Resorts International, have successfully acquired more than $1.7 billion in loans to refinance debt on the property.
Individual enrollment for Obamacare individual began this month, and seniors housing owners are mired in discussions about how to meet, both financially and administratively, the upcoming employer mandates starting in 2015.
Spirits were high at the annual National Investment Center for the Seniors Housing & Care Industry conference, held earlier this month, as the main concerns voiced by attendees—future overbuilding and increased interest rates—are being held in check by tight lending policies and the slow pace of recovery.
Deka Immobilien Europe, a fund of German property firm Deka Immobilien, sold One Stockton Street, occupied by a flagship Apple store, and One Union Square to New York City-based Ashkenazy Acquisition Corp.
There are no unlucky numbers today for the industrial sector, which just reported a drop in nationwide availability for the 13th consecutive quarter, with rents and sales activity, especially on portfolios, expected to rise going into 2014.
Throughout the recovery from the recession, trophy properties in all commercial real estate sectors have been in high demand. Retail is no exception—those involved in the recent $850 million refinancing of Tysons Corner Center in Tysons Corner, Va., say the level of competition for the deal was cut-throat.