The National Seniors Housing Group of Apartment Realty Advisors (ARA), a full-service investment advisory brokerage firm focusing exclusively on the multihousing industry, recently brokered the sale of Village of Stone Brooke, a 202 unit seniors independent living facility located in McKinney, Texas to a private partnership based in Austin, Texas. MMA Financial foreclosed on the [...]
Capital Senior Living Corporation (NYSE:CSU), a national operators of senior living communities, announced operating results for the second quarter of 2009 a few weeks ago. The company’s revenues and earnings were slightly below 2008 level at $47.2 million for revenue in Q2 2009 versus $49 million in Q2 2008. The company’s occupancy rate for its [...]
After lengthy delays, the Department of Veterans Affairs just announced it has terminated the current plan to develop a veterans facility at Fort Howard in Baltimore County. Team Maryland, including Congressman C.A. Dutch Ruppersberger (D-MD), Senator Barbara Mikulski (D-MD), Senator Benjamin L. Cardin (D-MD), and Baltimore County Executive Jim Smith (D-MD), support the VA’s search [...]
Last week, the court-appointed receiver and chief restructuring officer (CRO) overseeing the reorganization of senior living provider Sunwest Management (“Sunwest”) Tuesday filed a distribution plan with the U.S. District Court in Eugene, Ore. A product of financial, legal and business analysis and summer-long mediations involving numerous stakeholders – including investors, creditors, Sunwest insiders and secured [...]
What are some developers doing in other parts of the world with senior housing? ACVV Retirement Village in Mossel Bay, Garden Route, South Africa is nearing completion on a 44 unit project is located in the coastal city of Mossel Bay and is an age restricted community for those in the 55+ category. The design [...]
Interested in international senior housing or want to see an investor presentation of a publicly traded, non-US senior living company that’s more than fluff? Publicly traded Australian senior living provider Aevum posted an annual loss for the year of $12 million (AUS dollars) and the company announced with its fiscal year end results that its [...]
Greystone Servicing Corporation, Inc. (“Greystone”) last month announced the refinancing of a portfolio of six skilled nursing facilities, ranging from 75 to 296 beds, totaling over $55,000,000 in FHA-insured funds. S & F Management, a private company specializing in long-term healthcare and rehabilitation services, purchased the facilities in 2005 as part of the final liquidation [...]
(PVM) recently announced the appointments of Thomas A. Hosinski of Oak Park as Vice President/Executive Director of The Village of Redford, a continuum of care retirement community and Maura Koppel of Fort Gratiot administrator of The Village of Lake Huron Woods.
New York State recently announced that Catholic Charities Progress of Peoples Development Corporation has been chosen to buy and develop the Bernard Fineson Developmental Disabilities Senior Office site in Howard Beach, Queens, into low- and moderate-income senior housing. The site, which is in the process of being closed, will be converted by Catholic Charities into [...]
