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Philip Krispin, the director of Eastern Union’s Healthcare Group, talks about how a change in the way the federal government reimburses skilled nursing facilities will give owners and investors a chance to operate their facilities more profitably.
NJ TRANSIT has identified additional opportunities for similar TOD projects in Bordentown, Bound Brook, Camden, Hoboken, Trenton, and other communities throughout the Garden State.
“Despite talk of a deconversion slowdown, and Chicago’s proposed ordinance to increase the required approval rate to prevent ‘hostile’ deconversions, we believe the trend will continue as long as investor appetite for multifamily remains strong and people prefer to live in apartments,” Stengle says.
The deal, reported by Cushman & Wakefield, will allow Marble of the World, a division of The Stone Collection, LLC, to have the new Broward County facility join the firm’s American Society of Interior Designers award-winning showrooms in Arizona, Texas, Utah and Florida.