News

Seniors Housing Opportunities for Hospitals
12/8/2014

Seniors Housing Opportunities for Hospitals

Community hospitals face many challenges given the dynamic nature of the health care sector today. Compressed margins, competition from acquisitive health systems, and physician recruitment and retention are just a few examples. However, community hospitals may be able to leverage some of their inherent strengths to mitigate some of these challenges through prudent investments in seniors housing within their market area.

Diverging Paths: Medicaid Expansion vs. Non-Expansion States
12/7/2014

Diverging Paths: Medicaid Expansion vs. Non-Expansion States

When the Supreme Court ruled that the Patient Protection and Affordable Care Act (ACA) was unconstitutionally coercive in June of 2012, it effectively created two paradigms of health care reform in the U.S.—reform in states that accepted the Medicaid expansion and reform in states that did not. A look at recent data helps illuminate which paradigm appears to be working better for hospitals.

The Wave of Private Capital in Seniors Housing
12/6/2014

The Wave of Private Capital in Seniors Housing

Currently, about 8,000 Americans will turn 65 each day according to the American Association of Retired Persons. Many of the individuals will eventually need some form of assistance in daily living and will entertain the idea of moving into a senior living community where many amenities are offered that make daily living easier than homeownership. As such, seniors housing has become quite the attractive industry for real estate investors and developers seeking new construction, turnaround projects or acquisitions of stabilized assets.

Finding the Best Bond Execution: Taxable or Tax-Exempt?
12/5/2014

Finding the Best Bond Execution: Taxable or Tax-Exempt?

It is no secret to those familiar with the affordable multifamily rental housing industry—need dramatically outpaces supply. For the 11.5 million extremely low-income households in 2012 there were only 3.3 million rental units affordable and available to them.1

Choosing the Right Benchmark
12/4/2014

Choosing the Right Benchmark

The U.S. stock market rally over the last five-and-a-half years has led to impressive returns across nonprofit investment portfolios. While it is easy to become complacent in a period of outsized returns, fiduciaries must ask themselves two critical questions:

  • What is the source of these high returns and are they sustainable?
  • Is recent performance the result of superior asset allocation and manager selection, or simply a rising tide lifting all boats?