Investment companies specializing in real estate are acquiring thousands of nursing homes, assisted living centers, and medical facilities nationwide, creating concerns about patient care quality.
These real estate investment trusts operate as property owners for long-term care facilities, with some taking active roles in selecting facility managers while maintaining close oversight of operations. However, when problems with patient care emerge, these investment companies frequently reject accountability for substandard treatment.
Leslie Adams experienced this issue firsthand when his mother Shirley developed serious infected bedsores while staying at a rehabilitation facility, ultimately leading to her death according to legal documents he filed. A court ruled in favor of the family, granting them $17 million in damages, though Adams continues working to collect the awarded funds.
The growing trend of investment trusts entering the healthcare property market has created a complex web of ownership and management responsibilities, often leaving families struggling to determine who bears responsibility when care falls short of acceptable standards.
