A recent study by the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute (MMI) shows that Baby Boomers prefer to age in place but many are choosing to move to retirement communities that are better designed to meet their needs. The NAHB considers this an important fact as that generation will [...]
HCP (the “Company”) (NYSE:HCP) announced results for the quarter ended March 31, 2009 that showed funds from operations (“FFO”) applicable to common shares was $128.0 million, or $0.50 per diluted share, for the quarter ended March 31, 2009, compared to FFO applicable to common shares of $121.5 million, or $0.56 per diluted share, in the [...]
Sunrise Senior Living, Inc. (NYSE: SRZ) announced it has entered into a twelfth amendment to its Bank Credit Facility, which eliminates all financial covenants, except a minimum liquidity covenant, through the December 2, 2009 maturity date. In addition to eliminating all financial covenants, except for a minimum liquidity test, the twelfth amendment relieves Sunrise’s lenders [...]
Home prices fell sharply in February, but for the first time in 16 months the annual pace of deterioration slowed. The Standard & Poor’s/Case-Shiller index measuring home prices across 20 major cities declined 18.6% in February from a year earlier. The movement marked a slight improvement from January’s 19% annual decline, but half of the [...]
Todd Harff, President of Creating Results, has been asked by the National Association of Home Builders to author a new course for the organization’s “University of Housing.” Mr. Harff will develop a one-day course called Marketing to the Active Adult that will be offered throughout the country to builders, developers, and real estate professionals and [...]
The Center for Retirement Research (CRR) at Boston College released earlier this month its biannual National Retirement Risk Index (NRRI) report that adds long-term care expenses to the Index calculation. The addition produced another increase in the number of working Americans who may not be financially prepared to retire and increased the index number by [...]
LHC Group, Inc. (NASDAQ: LHCG), one of the largest providers of home nursing services in the United States, recently announced a home health joint venture with North Mississippi Medical Center – Hamilton, an affiliate of North Mississippi Health Services, to provide home nursing services in Hamilton, Alabama. The primary service area of this joint venture [...]
Prudential Mortgage Capital Company recently announced that it had arranged a $756 million construction loan for a new hospital in Hopewell Township, N.J., the largest in Federal Housing Administration history. Prudential’s (NYSE: PRU) FHA-lending business arranged the loan through the FHA’s Section 242 Hospital Mortgage Insurance program. The hospital, located in the Trenton N.J. area, [...]
A recent study published in the Journal of the American Medical Directors Association, showed that Hispanic nursing home patients are more likely than their white counterparts to develop bedsores or pressure ulcers. The research was conducted by a professor at Brown University’s Warren Alpert Medical School and analyzed data on over 74,000 urban nursing home [...]
