Effective July 1, Golden Living is out of the nursing home business in Arkansas. The 14 nursing homes and independent living facilities have been sold to Capital Senior Care Ventures, a subsidiary of health-care behemoth Capital Funding Group. The sale marks a growing trend in the nursing home business of bringing mega-companies to manage and… Continue Reading
Tag Archives: REIT
Investors To Gain From Increase In Elderly Population
Posted in EconomicsA new REIT (real estate investment trust) is being formed in Chicago to monopolize on our aging society. ‘Aviv’ will be the name for the new REIT that will focus on leasing nursing home properties to operators. Crain’s Chicago Business reports that nursing home expenditures are expected to jump as baby boomers retire. By 2017,… Continue Reading