A recent survey conducted by Horst Construction, a senior-market design and construction management firm, and Holleran Consulting, a marketing research firm specializing in the senior industry, show that the economy is affecting occupancy and retention rates for all types of senior living facilities in the Carolinas. The findings are a result of one-on-one interviews with [...]
Margulies Perruzzi Architects (formerly Margulies & Associates) recently announced that it has completed the design of a major expansion and renovation for the Edgewood Retirement Community in North Andover, Massachusetts. The project is located on a rural 80-acre site and the the 12-year-old Edgewood continuing care retirement community is being expanded and renovated to include [...]
Australian based real estate investor, the GPT Group, is feeling the effects of the strain of the global housing & credit market when it showed a $3 billion dollar loss for 2008. This is a different take from when GPT acquired and interest in Benchmark Assisted Living and a portfolio of New England assisted living [...]
Lenbrook, an Atlanta premiere Continuing Care Retirement Community, is celebrating its 2009 Gold Award for the Best CCRC Common Area in this year’s Best of 50+ Housing Awards sponsored by the National Association of Home Builders’ (NAHB) 50+ Housing Council. The award follows Lenbrook’s recent completion of a $100 million expansion, which included a 25-story [...]
LTC Properties, Inc. (NYSE:LTC) released results of operations for the three months ended March 31, 2009 earlier this month and announced that net income allocable to common stockholders for the first quarter was $8.0 million or $0.35 per diluted share which includes $0.6 million related to the repurchase of 109,484 share of preferred stock, as [...]
Ever think about the problem of coming up with pricing to make a facility a viable choice when compared to home services? A reader recently submitted a paper entitled, The Pricing Problem, that examines how an assisted living provider should price their facility to compete with home-care services through the use of “game theory”. You’ve [...]
TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR) ("TrinityCare" or the "Company"), which develops, manages and owns faith-based senior living facilities, announced its operating results for the first quarter of 2009 last week that showed that for the three months ended March 31, 2009, total revenues rose approximately 19% to $1,547,001, compared with revenues of [...]
Home prices in the United States continued their downward spiral in March according to the S&P Case-Shiller home-price indexes. The S&P/Case-Shiller U.S. National Home Price Index posted a 19.1% drop from a year earlier, the biggest quarterly decline for the reading’s 21-year history. With this move down, home prices are now at price levels that [...]
SEASONS at Compton, an 84-unit affordable rental community that blends limited-income seniors, adults with developmental disabilities, and seniors who care for dependents with developmentally disabilities, was recently awarded a $350,000 grant from the Weingart Foundation and a Gold Award from the National Association of Home Builders (NAHB) 50+ Housing Council. LINC Housing Corporation, a Long [...]
