Member News
October 13, 2020
We are pleased to share a new report (Big picture: Seniors housing outlook remains positive despite COVID-19 challenges) that was published by Institutional Real Estate, Inc. in conjunction with the American Seniors Housing Association. The report, which can be accessed by clicking below, is a supplement to Institutional Real Estate Americas, October 2020. Read ReportOctober 7, 2020
In September, HHS announced that private-pay assisted living providers would be able to tap into Provider Relief Funds, receiving up to 2% of gross 2019 revenue. While the money is urgently needed, some providers have not yet received these funds due to problems that have cropped up in the process. An HHS official addressed the ASHA Executive Board Meeting this week and explained some of the issues.October 7, 2020
ASHA President David Schless was interviewed by RBC Capital Markets on its latest podcast about the American Seniors Housing Association as well as exciting new opportunities and timely, newsworthy trends in senior housing management and investment. Listen hereOctober 6, 2020
In this week's episode of Leading Voices in Real Estate Podcast, host Matt Slepin interviews ASHA President David Schless about the impact COVID-19 has had on seniors housing and his thoughts on the future of this business post-pandemic.October 6, 2020
Predictive data analytics will be used to managing streamlining costs, the rollback in enhanced wages and benefits and an extended slowdown in new development, allowing operators to correct course on occupancy rates which took major hits during the pandemic’s early weeks. “What has become clear is the pandemic separated operators that cultivated strong workplace cultures and responded to the pandemic confidently and successfully, from providers that talked a good game but floundered,” Blue Moon Capital Partners Managing Partner and Co-Founder Kathryn Sweeney said.October 5, 2020
ASHA President David Schless, who participated in a public forum when the draft report was released, said he is encouraged that senior living residents and workers are included in the first phase of vaccine distribution. “We will continue to monitor further advancement of a vaccine prioritization strategy to ensure the full spectrum of senior living residents and staff have access to a vaccine when available,” Schless said. Read moreOctober 5, 2020
“ASHA’s research suggests the industry will face a $17 billion impact this year, and the combination of previous Provider Relief Fund allocations and this future phase 3 allocation will almost certainly not be enough,” ASHA President David Schless told McKnight’s Senior Living. “We continue to press members of Congress to add funds to the HHS Provider Relief Fund in future legislation, and to earmark these funds to senior living providers who have received very limited support relative to other providers.” Read moreOctober 5, 2020
The American Senior Housing Association noted in a message to its members that the Phase 3 distribution appears to favor companies and organizations that have not received as much federal aid, potentially favoring assisted living providers over skilled nursing facilities or hospitals. Read moreOctober 5, 2020
“ASHA continues to press HHS for shipments of rapid testing kits to all senior living settings, including independent living and continuing care retirement communities and life plan communities,” ASHA President David Schless said. ASHA is surveying its members to assess whether they are receiving shipments of tests. “Our sense is that only a fraction of the overall industry has received tests but are hopeful that is just a timing issue.” Read moreOctober 5, 2020
The federal government likely will make more funds available to assisted living providers soon, although it is unclear how much will be directed to the industry, and further help is needed given an estimated $17 billion financial impact that Covid-19 is set to exact on the senior living industry, according to ASHA. “The confluence of both revenue and expenditure strain on this industry is not sustainable,” ASHA President David Schless wrote in the letter. “It is critical for the continued viability of this industry to serve our seniors that additional financial support be directed from the remaining Provider Relief Fund dollars to these deserving companies.” Read more