Golf season is starting to get into full swing with the Masters this weekend (pun intended) and the Wall Street Journal ran a good story on behavior therapy at Silverado Senior Living home in Belmont, California. The story, “Memories Slip, but Golf Is Forever”, talks about the use of golf or other activities such as [...]
Amica Mature Lifestyles Inc. (TSX Symbol: ACC) (“Amica” or the “Company”), a Canadian based company in the management, marketing, design and development of luxury housing and services for mature lifestyles, released its operating results earlier this week that showed a decrease in earnings. The company discussed that its facing challenges getting seniors to sell their [...]
Health Care REIT, Inc. (NYSE:HCN) announced this week that that it closed a $133 million first mortgage loan secured by 12 senior housing properties. The portfolio of properties includes properties that have various levels of service at the properties. KeyBank Capital Markets, Inc. originated the 10-year loan with a fixed interest rate of 6.10% and [...]
New York Governor David A. Paterson announced early this week $253 million in affordable housing grants coming to New York through the American Recovery and Reinvestment Act (ARRA). The New York project are the first housing projects in the U.S. to be awarded funding through the ARRA, and will allow for the preservation of existing [...]
Sunrise Senior Living announced in an 8-K filing earlier this week that it had entered into standstill/amended agreements with some of its lenders extending the term of previous agreements for its Hannover and München communities. The amendments expire on April 30, 2009 and shall automatically terminate upon the occurrence of an event of default, as [...]
Earlier this week, Ventas announced their plans to offer 13 million shares of common stock and $200 million in senior notes to boost the company’s liquidity and strengthen its balance sheet. The company plans to use the proceeds to pay down or repurchase its debt or for other corporate uses that it sees fit. Ventas [...]
The Village at Gleannloch Farms is finding success in its local community and is finding it’s footing as Northwest Houston’s newest continuing care retirement community and is Houston’s only life care retirement community located within a master-planned development. Sponsored and owned by Lutheran Social Services of the South, The Village at Gleannloch Farms is a [...]
Think the US market is the only high-growth/high-opportunity area for senior housing? Think bigger. Think China. A recent article in ShanghaiDaily.com and on the Chinese version of Knowledge at Wharton discussed how the traditional view of aging is China is changing from children caring for their parents to the use of Western Style senior living [...]
Last week, Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced that it extended and amended its unsecured revolving credit facilities (the “Line of Credit”) until April 26, 2012. The company disclosed in its 8-K SEC filing that the Line of Credit has two portions totaling $867 million of borrowing capacity, an increase over the [...]
