Viva Retirement Living celebrated the grand opening of its latest retirement facility, Waterside Retirement Community and provided an open house to area residents and local politicians. Focused on promoting healthy and active lifestyles, Waterside Retirement Community offers independent living suites ranging in size from studios to two-bedroom. All suites include three meals per day and [...]
Skilled Healthcare Group reported net income of $10.9 million, or $0.29 per diluted share, as compared to net income of $8.4 million, or $0.23 per diluted share, in the first quarter of 2008 last week. The company reported revenues during the first quarter of 2009 for a total of $189.5 million, an increase of 4.8% [...]
Walnut Village, a new retirement community under construction in Anaheim being developed by Burbank-based Front Porch, received top honors at the 2009 National Association of Home Builders (NAHB) 50+ Housing Council held during the Building for Boomers and Beyond Symposium. The awards program recognizes excellence and innovation in the design, development and marketing of housing [...]
HCP (NYSE:HCP) announced earlier this week that it has successfully completed its $440 million public offering of 20.7 million shares of common stock at a price per share of $21.25, which includes 2.7 million shares sold to the underwriters upon exercise of their option to purchase additional shares. HCP will use the proceeds to repay [...]
Health Care REIT announced first quarter results last week that showed that the company achieved 1Q09 normalized FFO of $0.81 per share, up 3%. The company also announce that it made $129 million in net new investments during the quarter and that they generated $63.0 million in net proceeds on property sales, recognizing $17.0 million [...]
Ventas (the Company) reported last week that first quarter profitability rose 5% and beat analyst’s estimates with a reported “normalized” funds from operations (FFO) of $95.7 million, or 67 cents a share, compared with $91.5 million, or 67 cents a share, in the first quarter of 2008. Ventas reduce its full-year outlook for normalized FFO [...]
Last week, leading industry players met at the national ALFA conference and expressed overall optimism and in the state of the industry and optimism about future prospects at its annual conference in Philadelphia. The tone of the conference and the speakers show that while the recession is providing challenges, they feel that they are weathering [...]
Sunrise Senior Living (NYSE:SRZ) announced first quarter results that showed the company was in the midst of transition as it had lower revenues, occupancy rates as well as announced that some further sales of interests in projects as well as the challenges it is facing with lenders on projects currently providing construction financing to projects [...]
The Obama administration is looking for an increase in the budget for the Federal Housing Administration reverse mortgage program as part of its budget requests for 2010 and outlined its spending plans for elderly housing when it released its budget documents last week. The administration has requested that Congress appropriate $798 million for the Home [...]
