Sentences with phrase «property as a nursing home»

Not exact matches

Capalino represented VillageCare, the non-profit that ran the property as a home for AIDS patients and sold the 150,000 - square - foot building to for - profit nursing home operator The Allure Group in February of 2015.

The city's top lobbyist, a nursing home operator and a property appraisal firm are among those who have been subpoenaed by New York State Attorney General Eric Schneiderman as part of an investigation he has opened into an ongoing city land use scandal.

De Blasio administration officials accused the Allure Group, which bought the 45 Rivington Street property from VillageCare in February for $ 28 million, of deceiving the city by promising it would maintain the building as a nursing home, despite already being in contract to sell it to the condominium developers, the Wall Street Journal reported.

Both the state's Health Department and attorney general's office signed off on the sale, with the understanding that the property would be used as a nursing home.

Under the deal, a developer called the Allure Group bought the property for $ 28 million, paid the city $ 16 million to remove the deed restrictions that required its use as a nursing home.

The company got the city to lift usage restrictions on the site last summer in exchange for $ 16 million, but Mayor de Blasio has claimed the city was hoodwinked into believing the property would continue to be operated as a nursing home.

De Blasio has insisted he was kept in the dark about the city's plan to lift a two - part deed restriction on 45 Rivington St. that required the long - protected property to be used as a nonprofit nursing home.

The for - profit Allure Group paid the city $ 16.1 million last year to lift two restrictions on the property that had kept it as a non-profit nursing home for decades.

The new form is required for most new private market residential tenancies entered into on or after April 30, 2018, including tenancies in single and semi-detached houses, apartment buildings, rented condominiums and secondary units (such as basement apartments), but it does not apply to most social and supportive housing, retirement and nursing homes, mobile home parks and land lease communities, or commercial properties.

Consider a particular property type (beach houses, acreages, mid-century homes, a specific postal code or a type of client such as veterans, empty nesters, nurses or divorcing couples).

Although not as active as several years ago, these government conservatorships continue to aggressively participate in senior housing, focusing on independent living and assisted living properties and passing on skilled nursing homes.

If states no longer need CMS approval for certain waivers, nursing homes could end up with fewer Medicaid residents (who hold the current majority in nursing homes), as those residents could be eligible to use their Medicaid dollars to move into assisted living properties or remain in their private residences with home care.

«One possible explanation for the differences among geography types is that urban skilled nursing properties may face higher competition for private payor market share, in part because of a greater supply of similar products such as home care and other types of seniors housing,» said Kauffman.

The primary transformation, as far as individual investors are concerned, has been the phenomenal growth of publicly traded real estate investment trusts, or REITs, which own property ranging from office buildings, shopping malls and golf courses to movie theaters, nursing homes and prisons.

One possible explanation for the differences among geography types is that skilled nursing properties in urban areas may face in general higher competition for market share, in part because of a greater supply of prospectively competitive products, such as home care and other seniors housing types.

With 11 million seniors currently receiving help with daily activities, the care of frail, elderly adults in America requires new and innovative thinking in the ways real estate - based senior care providers — such as skilled nursing properties and senior living communities — partner with providers of health and wellness services, such as chronic and transitional care management, home care, care management technology services, and enhanced primary care delivery at home.