Enterprise Homes and Bozzuto construction celebrated the topping out of the the new Renaissance Square community last week which is starting out with an 81 unit senior apartment building called Evergreen. The project, which started construction in March 2009, is located at the site of the former Kingsley Park Apartments. Upon completion, the 17-acre Renaissance [...]
Looking for senior housing investment opportunities? While its not the first auction of an assisted living facility (nor will it certainly be the last in 2009 and 2010), Tranzon Integrated Property Group ("Tranzon") has announced that it has been engaged to conduct an auction of the property known as the Adel R. Coccomo Residential Center [...]
The LA Times recently wrote an excellent article that focuses on the question of whether its one child policy is now on the precipice of causing the explosion of its aging population into a national problem for the burgeoning country. The article, “China’s elderly will overwhelm the nation”, discusses how the policy may have fueled [...]
Ecumen recently announced the completion of a new memory care community in Apple Valley, Minnesota which is part of Ecumen’s assisted living community. The Centennial House. The $3.7 million memory care expansion features 20 memory care residences that complements its 60 assisted living residences. Ecumen sees the need for more senior living developments that provide [...]
Health Care REIT, Inc. (NYSE:HCN) announced that it completed $177.7 million of gross investments during the second quarter of 2009. During the quarter, the company had dispositions of $78.7 million, resulting in net new investments of $98.9 million. For the six months ended June 30, 2009, the company completed $351.4 million of gross investments, offset [...]
Lutheran Community Home celebrated its ground breaking June 22, 2009, for the renovation of the healthcare center and an addition of assisted living apartments and a expanded rehabilitation unit. The existing facility’s renovation and the addition of the healthcare center includes updating the interior finishes; increasing the number of private rooms from 13 to 33, [...]
Washington-based senior care provider Prestige Care, Inc. announced that as of July 1, 2009, it has taken over management and control of the day-to-day operations of the former Mary Conrad Center, now called Prestige Care and Rehabilitation Center of Anchorage. Prestige, an experienced provider in long-term senior care, is working to transform the care center [...]
The Bart Harvey, formerly known as Cascade Senior Housing, celebrated its grand opening this week in Seattle’s South Lake Union neighborhood. The project was developed by Low Income Housing Institute (LIHI) provides housing for low income, disabled and homeless seniors and is a new construction project which will provide 50 units of affordable housing for [...]
Is the old saying, “no news is good news” attributable to Sunrise Senior Living (NYSE: SRZ)? The company has been relatively quiet since the release of its first quarter 2009 earnings announcements and its war of words with HCP over the litigation and cancellation of certain management contracts. Like Google and other search engines, Senior [...]
