Altus Hospice Care’s Post

A HMO update that beginners can do 🔑 This property was a 2 bedroom terraced house that was purchased with the intentions of turning into a 4 bedroom HMO. The property did not need planning permission as it’s being done under permitted development. Swipe right to see the new layout ➡️ This was purchased for £140,000 and the conversion will cost £60,000. I have the option of renting this to a local hospital for £650 a room on a 4 year lease. I also have the option of renting to a supported living contract for 5 years. I can teach you how to find these deals and also how to build them correctly. I can show you how I built a portfolio of 31 HMO’s around supported living contracts and NHS contracts. If you want to learn how to this comment below HMO ⬇️

Nursing homes, independent living, home care, residential assisted living? How are they different? Does it matter which one you choose? It can be an overwhelming process during a time that is likely already overwhelming and emotional. RALNA advocates for high standards in residential assisted living, ensuring that these facilities prioritize the well-being and dignity of their residents. By exploring the pros and cons of each option, families can better navigate this emotional journey and choose what aligns best with their needs. For a comprehensive breakdown of each living arrangement and guidance on how to choose the right one, visit the link below. https://lnkd.in/gmAJ9wGN #residentialassistedliving #RALA #RALNA

🏡 🏗️ As a #Somerset Councillor I sit on Somerset Council’s Planning Committee South, which meets in #Yeovil once a month to determine local planning applications. In response to a recent planning application, the NHS commented that #Crewkerne’s primary care facilities (GP surgeries) are projected to be operating over capacity (at 104%) because of housebuilding rates in the local area. This isn’t a problem unique to Crewkerne: #NorthPetherton, #Martock, #Bruton, and many other parts of Somerset have seen significant housing growth in recent years. Local communities are rightly concerned about their GP surgeries not being able to meet demand. To meet the increasing demand in Crewkerne, however, Somerset Integrated Care Board (ICB - the replacement for Clinical Commissioning Groups), requested £29,000 from the developer. This seems a low sum to me, but the idea is that this cash will go towards expanding the GP surgery in Crewkerne to increase capacity. This got me thinking. Is there even space for expansion at Crewkerne Health Centre or West One Surgery to expand into? Is £29,000 enough? Who pays for the extra staff needed? Well, Somerset ICB has an AGM at the end of September, and I’ve submitted a question to try to get answers. Whilst I am a self-professed YIMBY, I believe it is still important that local services are able to operate properly and are supported in doing so. My question to the Board is reproduced below: Given the urgent need for increased primary healthcare capacity in areas with significant housing growth - what is the ICB doing to ensure it is not only obtaining adequate contributions from developers, but assessing the viability of any expansion plans, so that GP surgeries can grow to meet the needs of their local communities?

Mountain View Health Complex Hoax - A hospital - Turned care building - Turned abandoned building Ever wonder why were loosing all the doctors? So Beaverlodge was supposed to get a new hospital due to the old ones structure failing and dangerous to remove/ repair asbestos. Long for everyone to find out, this new building has been in plan since 2018 to only be a care facility. No ER, no doctors. Well guess what the effects have been, doctors and nurses have been leaving cause they knew there was no where for them to work here and finish their schooling. No hospital no career (so can't fault them). Well this effect has skewed AHS numbers and they think cause of the data Beaverlodge doesn't need a hospital, but it does. So they plan on only building a health care facility, which in turn causes another domino effect, guess what no health care staff are gonna work there. No staff, empty wasted 175 MILLION DOLLAR building. Icing on the cake this building is under contract by, you got it, same builder as Grande Prairie's new hospital, so we can see where this will go. Dear Editor, So I missed the town meeting, but I hear this is a go-ahead basically no matter what, pretty much without any real input from the community, that will basically get us a useless and unstaffed/ empty brand new building wasting millions of taxpayer dollars. Sounds about right for our government. This info should be blasted everywhere in the news to make people aware of their wasted tax dollars and how they took zero input from the people, community, doctors, etc. Everyone is going to be left without lifesaving medical care and will drive more doctors, nurses away. This will overload our emergency services (especially ambulance). And it will eventually lead to unnecessary passing of life that could have been prevented if we had a hospital where it is greatly needed. I'd like to reach out to the family that DONATED the land for this build. To my understanding this land was donated for a HOSPITAL to be built. It seems to me there's a very easy way to kill all this nonsense. I ask the family to please step up for themselves, the town, the taxpayer, and all the communities that would need this new hospital. RECLAIM THE LAND IMMEDIATELY. It was donated for a HOSPITAL. If it's not going to be a hospital they don't get the land, plain and simple. Please step up for us all and deny the building of anything but a hospital or the land will not be donated period. If there is going to be a fight over this I will gladly step up to help support the family in reclaiming the land for a HOSPITAL. Remember we the people decided what goes on in our community, not a government who took zero input in what was needed or wanted, with skewed and fake data. It's time to bring back common sense and not muddled government bureaucracy. I encourage the people of Beaverlodge, town of Beaverlodge, the council of Beaverlodge to share and post this everywhere. PLEASE SHARE

Estate planning encompasses aging-related concerns like senior housing, home healthcare, and nursing home care. Navigating long-term care choices for a loved one can be intricate and time-consuming. To avoid feeling overwhelmed, involving the prospective resident in decision-making is crucial. While Indiana primarily relies on nursing homes for long-term care, various alternatives like community services, home care, subsidized senior housing, group homes, and assisted living facilities offer diverse services and payment options. For more insights on this matter, consult the long-term care attorneys at Church Langdon Lopp & Banet LLC.

Barwood Capital and Perseus Land & Developments Limited have successfully sold a 70-bed care home scheme in West Malling, Kent, to a joint venture between property development company Barcroft Estates and a global investment company for an undisclosed sum. The scheme has been pre-let to a not-for-profit care provider which supports older people through registered nursing and dementia care homes. The facility is intended to offer residential care and dementia-specific care. The site is targeting a BREEAM Very Good rating, Net Zero in operation enabled and an EPC A rating. The news comes as Knight Frank’s 2024 Healthcare Report suggests that healthcare beds grew by only 519 beds this year with a recorded 3% growth in care beds over the past decade. Find out more here: https://lnkd.in/eFgqsniz #CareHomes #CareSector #PropertyInvestment #RealEstateInvestment

DID YOU HEAR? Austin is building a New $305 million State Hospital due to Texas revamping it's psychiatric system By Stephen Simpson, The Texas Tribune "New $305 million Austin State Hospital unveiled as Texas revamps psychiatric system" was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. The Austin State Hospital, a new 240-bed facility, has been constructed on the existing 80-acre campus approximately three miles north of downtown Austin. The historic Old Main Building, which opened in 1861 and is now designated a historic landmark, will continue to serve as office space when the hospital begins operations later this summer. The modern new building resembles a luxurious apartment complex, featuring 11 secure courtyards and screened porches. It offers single-person patient rooms, each with its own bathroom, and numerous recreational amenities, including a gym, salon, barber shop, chapel, general store, and more. "This facility is designed to simulate real-life situations, allowing individuals to progress through their recovery journey in an environment dedicated to their healing," said Austin State Hospital Superintendent Stacey Thompson. This article originally appeared in The Texas Tribune at https://lnkd.in/gkuZTJsQ. The Texas Tribune is a member-supported, nonpartisan newsroom informing and engaging Texans on state politics and policy. Learn more at texastribune.org. Source of photo: https://lnkd.in/gVmQrrAY #realestatenerds #realestateinvesting #austinrealtor #realestateagent   

Friends – On behalf of Joel Swider and myself, below is our weekly health care real estate briefing. Links to the articles can be found in the first comment. 1. BBG Inc. published its Seniors Housing Investor Survey 2024. Among the findings include: (i) cap rates for senior housing are expected to remain flat or decrease in 2024; (ii) rental rate growth is expected to increase significantly, particularly for assisted living and memory care; and (iii) higher transaction volume is expected to be driven by decreasing interest rates. 2. Michigan Medicine plans to buy a portion of the former Kmart world headquarters in Troy, MI to build a medical center there. Planned services include ambulatory surgery and cancer care, with an anticipated 2027 opening date. 3. The city of Houston, TX has 85 hospitals and more than 19,000 hospital beds. A recent piece highlighted construction trends in the city, including flexible and scalable space, overbuilt infrastructure to handle future capacity and incorporation of natural light and finishes which can positively impact patient outcomes. 4. Tenet Healthcare completed the sale of six California hospitals and related operations. Four Los Angeles-area hospitals were sold to UCI Health and two San Luis Obispo hospitals were sold to Adventist Health. 5. Sila Realty Trust, Inc. bought an $85.5M health care portfolio that included four micro hospitals located in Arizona and Texas. Other recent micro hospital developments in Bellevue, WI and southeastern Pennsylvania may signal a renewed interest in micro hospitals. 6. Avera Health announced two building projects in Sioux Falls, SD that total $245M, the largest in the health system’s history. The first is a six-story addition to an existing hospital, and the second is a new three-story building dedicated to digestive care. The projects are expected to be completed in 2026 and 2027, respectively. 7. The former Eastern Niagara Hospital in Lockport, NY will go up for auction later this month. The 203,829-sf, 134-bed facility closed in 2023 and was under negotiations with buyers, which eventually fell through. 8. The Oklahoma Department of Mental Health and Substance Abuse Services held a groundbreaking for a new mental health hospital in Oklahoma City. The facility is expected to cost $150M and contain approximately 200,000 sf. 9. Mission Health is urging the North Carolina Court of Appeals to publish a recent decision in a certificate-of-need dispute in order to give the decision authority as a legal precedent. According to Mission Health’s recent motion, the case addresses the public hearing requirement under the CON law and the impact on health providers that results from a lack of a public hearing. 10. Froedtert Thedacare Health broke ground on a new $84M health campus in Oshkosh, WI which will include a new hospital of approximately 85,000 sf, an ASC and a MOB. The hospital portion is expected to be completed in 2025.

Over 2,000 hospital buildings older than the NHS England, new research reveals New research has shown over 2,000 hospital buildings across England were built before the NHS was established in 1948, Building Better Healthcare reached out to the Trusts with the highest number of these buildings in its estates. The research found that The Tavistock and Portman NHS Foundation Trust in London has the highest proportion of outdated buildings in the county. Followed by Epsom and St Helier University Hospitals NHS Trust then Bradford Teaching Hospitals NHS Foundation Trust. To read more, follow the link to the Building Better Healthcare article  #NHS #UKhospitals #design&build #construction

📊 Market Update: Senior Housing and Nursing Homes 📊 The market for senior housing and nursing homes is expected to bounce back in 2025 As the Federal Reserve cuts interest rates, we may see significant short-term impacts on commercial real estate valuations, especially in the senior housing and nursing home sectors. A recent analysis from Cushman & Wakefield highlights key trends: Dry Powder: Institutional investors are sitting on substantial capital, ready to deploy. Decreasing Debt Costs: Lower borrowing costs could open new opportunities for investors. Increasing Maturities: A rise in maturities may create favorable conditions for opportunistic investments. While sales volume reached a low in Q1, it rebounded by 65% to $1.43 billion in Q2. However, the rolling annual volume for senior housing and nursing care facilities continues its decline, now at $5.87 billion. Cushman & Wakefield notes that much of the current activity is driven by opportunistic investments, suggesting that pricing trends may be somewhat exaggerated as well-capitalized owners await greater certainty in the capital markets. This presents a pivotal moment for investors in the sector. Let’s keep an eye on these developments!