Nationwide Health Properties, Inc. (NYSE: NHP) announced yesterday that NHP’s Board of Directors elected Douglas M. Pasquale as Chairman of the Board and Robert D. Paulson as Lead Independent Director. Both Mr. Pasquale and Mr. Paulson are currently directors and will take effect prior to this year’s Annual Meeting of Stockholders. Mr. Pasquale will succeed [...]
The Citi Foundation last month announced it is providing funding to local community development organizations in 20 urban communities across the country to support innovative, physical development and rehabilitation projects – known as “place-based initiatives” – that champion the long-term or large scale revitalization of low- and moderate-income communities. The Citi Foundation is offering the [...]
Skilled Healthcare Group, Inc. (NYSE:SKH) announced its unaudited consolidated financial operating results for the three- and twelve-month periods ended December 31, 2008 with a net income of $10.3 million in the fourth quarter of 2008 and net income in 2008 of $37.2 million, or $1.01 per diluted share (full press release or 8-K). Revenues were [...]
Ever wonder who is doing a lot of reverse mortgages and where? The data presented here is provided by the Department of Housing and Urban Development (HUD) and represents reverse mortgages that are insured by HUD during the month of January 2009. HUD releases this data each month and we’ll provide the summary data and [...]
Dominium Development and Acquisition, LLC recently announced the completion of a major renovation of an aging apartment community designed specifically to serve seniors and disabled persons in need of affordable housing. Messenger Towers Senior Apartments was built in 1973 under the Section 8 project-based housing program. This federal housing program subsidizes rent for low-income residents [...]
Management consulting and restructuring firm, FTI Consulting, is looking to add staff this year and specifically mentioned that senior housing companies will need assistance this year. The Reuters article talks in broad generalities around assisted living facilities and retirement homes without naming specific names. FTI is a top-tier management consulting firm with its root in [...]
For those entrepreneurs that are looking for a small entry point into providing senior housing services, one route may be looking at taking a struggling or closed bed and breakfast and turning it into a small senior living facility. This type of facility may work well in high-density population areas where seniors are wishing to [...]
For those of you who want to read the 700 pages of the House version of ‘American Recovery and Reinvestment Act of 2009 or those who want to review the amendments being debated in the Senate or try to follow all the press coverage, good luck. If you just want the down and dirty from [...]
The Alaska Housing Finance Corporation (AHFC) announced recently that communities across the state will benefit from more than $70 million of combined new housing construction and renovation of existing housing designated for seniors, low-income families and persons with disabilities. The corporation this year is contributing more than $5.5 million in corporate receipts to increase the [...]
