"Possibly because this is an election year, there has been significant misinformation and confusion circulating around the scheduled minimum wage increases in California. We, as an organization, are currently in the process of acquiring senior housing facilities in California, and have been debating the impact of the SB-3 legislation to those facilities. I thought it would be useful to summarize my findings on the topic, and my opinions on the impact it will have on the seniors housing and skilled nursing industry in California."
HUMAIR SABIR, Granite Investment Group
"Over the past few years, I have spent a lot of time in the field working with "mom and pop" sellers, delivering my sales pitch on why I think they should sell their properties to my firm. Getting to know them, hearing their experiences, and understanding their motivations has helped me to develop a better understanding of how our industry works on a basic level."
HUMAIR SABIR, Granite Investment Group
With the recent preparation and closing of the Momentum seniors housing skilled nursing portfolio, Investor Services has been busy, along with the typical daily responsibilities, in providing specific investor communication and documentation. We appreciate the opportunity to service your investment and your trust. We are always looking for ways to build a better investor relation platform of services for our investors for online access, account activity, distributions and reporting.
We hope you had a chance over the past couple months to view Granite's updated website. We believe it complements our market presence and grows Granite's exposure for future investments.
In keeping with our "Lighting The Way" presentation of this Granite Insight publication, please enjoy the enclosed mini flashlight!
As always, please do not hesitate to contact me should you have any questions, concerns or suggestions.
Google is working on a wearable device that can help doctors remotely monitor patients' health. The "investigational device" could take a person's electrocardiogram (EKG) and assess environmental stressors, including light and noise levels. The device would measure electrical pulses of the heart and skin temperature.
Google says studies will help the company figure out how the watch-like gadget could be used to study and treat diseases. Activity sensors in the wristband could detect changes in a person's mobility, which could help in studying Parkinson's, for example. Physicians could also advise heart attack patients to wear the wristband after being released from the hospital.
What a great age we live in for research and technology advancement.
"Right now, the availability of capital has never been better, and with the current low cost of debt, many owner operators are coming to the conclusion that now is a good time to exit the business."
JASON PRICE, Granite Investment Group
Please click here to read the full article, Shifting Tides in Seniors Housing and Care, in the June 2015 Issue of Real Estate Forum.
Happy Birthday US Marine Corps! Marianne and I were honored this year when we were asked to create the ad for the Annual Marine Corps Ball on behalf of our company. We decided to use Tun Tavern, in Philadelphia, Pennsylvania, which is regarded as the birthplace of the Corps as the location of the first Marines to enlist under Commandant Samuel Nicholas.
Our goal in producing this video was for our clients and newcomers to our website to easily click play and get a quick overview of our philosophy, history, state of business and investment focus. Carey Levy, Granite’s COO, was creatively involved in developing the script and audio/visual direction that encapsulates our point of view. We selected the music, photography and video footage that best expressed our story. While directing the video, I learned a lot about what goes into making a one-minute "mini-movie.” We hope that you enjoy watching it as much we did making it.