The Shelter Group recently celebrated its dedication ceremony for Park View at Emerson, a newly constructed residential community that is part of the larger 570 acre Emerson Master Planned Community. Park View at Emerson, an 80 unit affordable apartment community for adults ages 62 and better, welcomed its first residents in January 2009. Park View [...]
Equity Life Style Properties (the Company) reported Funds From Operations yesterday for the first quarter of 2009 at $37.9 million, or $1.24 per share on a fully-diluted basis, compared to $32.6 million, or $1.07 per share on a fully-diluted basis for the same period in 2008. Net income available to common stockholders totaled $13.6 million, [...]
The Government of Canada and the Province of British Columbia (B.C.) are launching a new, $123-million Seniors’ Rental Housing Initiative to build up to 1,000 new housing units for seniors. Premier Gordon Campbell and The Honourable Gary Lunn, Minister of State for Sport, on behalf of the Honourable Diane Finley, Minister of Human Resources and [...]
Senior Living Investment Brokerage, Inc. recently announced the sale of a skilled nursing and assisted living facility consisting of 124 beds for $4.1 million. The one‐story nursing facility structure, which was built in 1973, is located 150 miles south of St. Louis. The facility’s assisted living section was developed in 1996 and had an occupancy [...]
The Ensign Group, Inc. (Nasdaq: ENSG) announced last week that its Mt. Ogden Health & Rehabilitation Center in Ogden, Utah has successfully graduated from the Centers for Medicare and Medicaid Services’ Special Focus Facility program. The facility, which was acquired by an Ensign operating subsidiary in July 2006, was added to the Special Focus program [...]
The Federal Home Loan Banks of Pittsburgh and San Francisco (FHLBanks) announced this week the awarding of $9.87 million in affordable housing grants for the construction and rehabilitation of 861 units of affordable housing at 18 project sites. With the recently announced grants, the FHLB Pittsburgh has contributed a total of more than $42 million [...]
Brotman Medical Center (Brotman) in Los Angeles announced that it officially exited from Chapter 11 Bankruptcy Protection earlier this week as part of a broad restructuring over the last 18 months. The 420-bed acute care hospital that offers a wide range of inpatient and outpatient acute care services located in Culver City, California, also announced [...]
The National Low Income Housing Coalition (NLIHC) released its report, Out of Reach 2009, that provides a frightening view of affordable rental housing in the United States. The NLIHC annual Out of Reach report provides data for every state, metropolitan area and county in the country showing how much a household must earn to afford [...]
Ecumen, a senior housing and services provider, recently released a new white paper that provides recommendations to interested parties on developing senior housing for those living with Alzheimer’s and dementia. The whitepaper, "10 Tips from Ecumen for Developing a Successful Behavioral Alzheimer’s and Dementia Care Program for Senior Housing", outlines the lessons learned by Ecumen [...]
