Nationwide Health Properties, Inc.(NHP) reported results last week that showed an increase in revenues of 14% and an increase in diluted funds from operations (FFO) compared to first quarter of 2008. During the quarter NHP sold three buildings in the first quarter for approximately $35.0 million in gross proceeds and invested $8.0 million in revenue [...]
Jeffrey Anderzhon, FAIA recently announced the formation of Crepidoma Consulting, a professional firm providing built environmental consulting services to the senior living and care provision industry. Anderzhon brings 30 years of national and international expertise as well as a unique knowledge of the marketing, financial and design mechanics that are necessary to shepherd a project [...]
Five Star Quality Care (NYSE AMEX: FVE) announced last week its first quarter 2009 highlights that showed and increase in revenue by 14% over last year’s quarter to $295 million. The company posted $25.4 million of net income that was primarily composed of a $3.5 million unrealized gain on holdings of auction rate securities; a [...]
Last month, various community leaders and politicians joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to celebrate the ground breaking on the $18 million rehabilitation of Embury Apartments. Embury, a 200-unit affordable housing development for low-income seniors aged 62 and older, was originally constructed over 35 years ago and [...]
Cambridge Realty Capital Companies Chairman Jeffrey A. Davis recently announced a strategic affiliation with Healthcare Advisory, LLC and its President, Joseph R. Marion, that will enable Cambridge to focus more effectively on HUD Section 242 hospital financing. Before founding Healthcare Advisory last June, Marion was Managing Director of Merrill Lynch, Pierce, Fenner and Smith Inc., [...]
The National Association of Home Builders’ (NAHB) 50+ Housing Council recently awarded Varenna the prestigious 2009 Best of 50+ Housing Gold Award in the category of Best CCRC, defined as those having up to 200 units. The Santa Rosa, California facility was opened in 2008 and was developed by Oakmont Senior Living and is professionally [...]
Senior housing provider Emeritus Corp. showed increases in revenue and higher occupancy rates during the first quarter which resulted in the company having a lower loss. During the first quarter of 2009, the Company opened a 38-unit Alzheimer’s and dementia care community, opened a 22-unit expansion, entered into a lease for an 83-unit assisted living [...]
Ecumen, a senior housing and long-term care consultant, last week released a new whitepaper designed to ensure registered nurses (RNs) working in senior housing communities effectively prepare for leadership roles by learning how to delegate tasks in line with state law and patient safety. Tips for Effective Delegation in Long Term Care is currently available [...]
Are seniors still worried about selling their homes and moving into senior housing because of declining home values? You betcha with numbers like these… According to the latest figures released by Zillow, the statistics show that 21.9 percent of all American homeowners have negative equity at the end of the 1st quarter. This is a [...]
