Ventas Inc. announced its second quarter earning that show improvement on many fronts but faces some challenges in the coming quarters between litigation and $18.8 million in total debt maturities remaining in 2009 and $172.8 million in total debt maturities in 2010. The company reported that its Funds From Operation (FFO) increased 7.6 percent to [...]
International architecture, planning, engineering, interior design and program management firm LEO A DALY recently announced an association with EGA Architects to further develop a national senior living facility design practice. The two firms agreed to an exclusive two-year agreement as they anticipate the need for senior living facilities growing substantially in the coming years. “We [...]
Matzel Development recently unveiled three new models at Covington Village, the Ocean County 55+ lifestyle community located on a wooded 35 acre parcel of land. The Ashford, Benton and Chelsea were released to the public as part of Covington Village’s upscale offerings that includes access to a 11,400 square foot clubhouse. The Ashford, priced from [...]
Penny Pritzker, CEO of Pritzker Realty Group and founder of Classic Residence by Hyatt, and Ben Stein, well-known economist and humorist, will deliver the keynote addresses at the 19th Annual NIC Conference, as announced today by the National Investment Center for the Seniors Housing & Care Industry (NIC). Recognized as the industry’s top deal making [...]
TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR), which develops, manages and owns faith-based senior living facilities, recently announced the execution of a six-month extension of its construction/mini-perm loan with Trustmark National Bank. As the construction lender for the Trinity Shores senior living facility in Port Lavaca, Texas, Trustmark National Bank initially provided a mini-perm [...]
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services and assisted living companies, recently announced the appointment of Van R. Johnson to the Company’s board of directors. Mr. Johnson has served for more than 38 years in leadership capacities with two of the United States’ [...]
Many banks and financial institutions have announced branch openings in different senior living communities across the United States in the last few years, including a recent announcement for the National Bank of Arizona opening open at Classic Residence at Silverstone. In some cases, banks are simply putting an ATM that accepts deposits while others are [...]
Maristone Senior Living, a senior living provider headquartered in Nashville, announced that it has established a division to raise capital for future construction projects of senior living facilities in the underserved areas around Middle Tennessee. Maristone thinks that Middle Tennessee is an attractive place for retirees because of its amenities, natural beauty, low cost of [...]
The NRP Group and CAGI (Community Action of Greater Indianapolis) held the Four Seasons at Hawthorne II Ground Breaking Ceremony and Open House on July 15, 2009 and hosted local and state dignitaries, along with representatives from IHCDA (Indiana Housing Community Development Authority), Chase Bank, RedStone and The NRP Group LLC. The Four Seasons at [...]
