Senior Living Fund

Converting office property into multifamily units might seem daunting. However, leveraging available tax benefits can make it smoother. From petitioning for lower property taxes to qualifying for federal tax credits like the 179D energy-efficient commercial buildings deduction, there are various ways to save money and optimize your project. Don't forget to explore deductions available for Energy Star certified buildings or the potential for bonus depreciation with Qualified Improvement Property (QIP) under the Tax Cuts and Jobs Act of 2017. #CommercialRealEstate #MultiFamily

According to the latest NIC MAP Vision Senior Housing Outlook report, senior living affordability is at an all-time high. With median older adult household net worth and income rising faster than senior living rents over the past decade, more seniors can afford quality living spaces. Here are some takeaways: - Rapid growth in high-income households aged 75+. - Senior living rents grew by 8% from 2013 to 2022, while household incomes and net worth surged by 35%. - A more financially wealthy baby boomer population is expanding the private-pay senior living market. #SeniorLiving #SeniorHousing

The future of commercial real estate is here, and it revolves around flexibility and partnership. Shifting from traditional lease-based models to management agreements aligns interests and mitigates risks, creating win-win scenarios for operators and investors. Brands like Marriott and Hilton lead the way, embracing strategies that minimize lease risks while fostering strong partnerships with real estate investors. This innovative approach ensures resilience against economic fluctuations and regulatory changes. #CommercialRealEstate #FlexibleSpaces

The latest report from the National Investment Center for Seniors Housing & Care (NIC) reveals some intriguing trends in the occupancy rates of continuing care retirement/life plan communities (CCRCs). Here are some key findings: 90% of entrance-fee independent living segments maintained occupancies over 80%. 81% of rental assisted living segments reported 80% or greater occupancy. Regions like the Northeast and Mid-Atlantic had smaller rent growth but higher occupancy rates. #CCRC #SeniorHousing

The National Association of REALTORS and affiliates are pushing for policies to support the recovery of the commercial real estate sector as it faces significant challenges. With $2.81 trillion in commercial loans maturing by 2028, economic conditions vastly different from those when these debts originated pose a threat. NAR President emphasizes the need for regulatory flexibility and financial support to help property owners navigate this turbulent period. Commercial real estate contributes significantly to the U.S. economy, supporting over 15 million jobs and providing $559 billion in property taxes. #CommercialRealEstate #RealEstateInvesting

The recent cyberattack on CDK's dealer management system has severely impacted over 15,000 retail locations across the U.S. Auto dealers are reverting to manual paperwork to keep operations going, causing significant disruptions in daily business activities. Key players like AutoNation and Lithia Motors are affected, with AutoNation reporting adverse impacts and Lithia Motors expecting negative consequences until systems are fully restored. Dealers are finding innovative ways to continue sales, but the process has become laborious. #AutoIndustry #Cyberattack

The Federal Reserve's annual stress test results are in, and the 31 largest U.S. banks have proven resilient, even amid a severe recession. Despite projecting substantial losses totaling $685 billion, these financial institutions remain well above minimum capital requirements. Federal Reserve Vice Chair Michael Barr stressed that these tests aim to ensure banks can withstand substantial losses in extremely stressful scenarios. This year's results show that despite riskier balance sheets and higher expenses, the banking system is robust. #Banking #FederalReserve

Banks face the paradox of needing to be both cautious and growth-oriented. But what if the key to stability lies in embracing more loan applications? By increasing the number of loan applications, banks can: Spread risk across diverse sectors Gain data-driven insights Build stronger community ties #LoanApplications #Banking https://lnkd.in/gZxyiPif

As the demand for green buildings increases, the importance of sustainability in real estate has never been clearer. From LEED-certified new constructions to retrofits in older buildings, the push towards a more sustainable future is reshaping the industry. Green upgrades like energy-efficient lighting and HVAC systems attract buyers and save on operating costs, providing long-term financial benefits. For investors and developers, environmental performance is a key factor. Tools like the Energy Star Portfolio Manager can help asset managers benchmark their energy use and maximize their return on investment. #CommercialRealEstate #Sustainability

The Alliance for Automotive Innovation is calling on the National Highway Traffic Safety Administration (NHTSA) to evaluate its recent automatic emergency braking (AEB) rule. The Alliance argues that current AEB technology is insufficient to meet the high standards required, and the industrys suggestions were ignored during the rulemaking process. With the rule set to be implemented by 2029, the Alliance warns it could lead to "unpredictable, erratic" driving and increased rear-end collisions. They emphasize that only one vehicle met the rule's stringent stopping distance requirements in NHTSAs tests. #AutoIndustry #AutomaticBraking