The County of Hawaii is seeking partners for a government-private partnership that will provide the state with a 160 unit affordable, rental senior housing project that will be known as Mohouli Heights Senior Neighborhood project. The state is allowing a developer to obtain a 75 year land lease through the Hawaii Island Community Development Corporation [...]
Capital Funding Bancorp, Inc. and AmericasBank Corp. (AMAB.PK), the parent company of AmericasBank, a Maryland-chartered commercial bank with three branches, announced last week that they have entered into a definitive merger agreement. Under the terms of the agreement, AmericasBank Corp. will be acquired by Capital Funding Bancorp, Inc. in a cash transaction to AmericasBank Corp. [...]
In an move to address the growing needs of in-home health care and monitoring, Intel and General Electric (GE) recently announced that they are forming an alliance to market and develop home-based health technologies that will help seniors live independently and patients with chronic conditions manage their care from the comfort of their home or [...]
Skilled Healthcare Group, Inc. (NYSE:SKH) announced yesterday that its new, state-of-the-art facility, The Dallas Center of Rehabilitation, has opened and is currently accepting patients. Located near the Baylor University Medical Center, the 62,000 square foot, 136-bed skilled nursing facility includes an Express Recovery Unit™, 4,000 square foot rehabilitation gym, 24-hour licensed professional nursing care in [...]
Senior Living Investment Brokerage, Inc. recently announced that represented the seller in the sale of a Skilled Nursing Facility consisting of 74 beds located in downtown Des Moines, Iowa and near a regional hospital. The facility was sold for $1.65 million or approximately $22,300 per bed and was at 78% occupancy at the time of [...]
Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced yesterday that it has satisfied the financing condition of its previously announced tender offers for the 6¾% Senior Notes due 2010, 9% Senior Notes due 2012, 6% Senior Notes due 2014, and 7% Senior Notes due 2015 (together, the “Senior Notes”) issued by the Company’s operating [...]
Last week, Pulte Homes announced in a $1.3 billion all stock acquisition of Centex homes. Pulte, which has an extensive Active Adult Community portfolio through its DelWebb brand, sees the merger creating opportunities for “move ups” from Centex’s more entry level products into Pulte’s DelWebb communities. Homebuilders are a large part of the senior [...]
Uncle Sam wants you, Senior Housing Developer, to develop age-restricted senior housing near West Point. The Army is hosting an industry forum on April 22, 2009 and is seeking to competitively select a private sector developer and property manager to lease two separate parcels of land located approximately 2 miles south of West Point, the [...]
Reverse Mortgages continue to gain momentum as the economy remains tough as endorsements for FHA insurance set a new record in March of 11,261 units which was up 24% from February and surpassing the old record set in February 2008. The top 10 lenders continued to take market-share overall and generating 43% of the total [...]
