Sunwest Management (Sunwest), an Oregon-based senior living provider, and Blackstone Real Estate Advisors (Blackstone), a real estate private equity firm, have reached agreement on the terms of sale of up to 148 senior living properties controlled and managed by Sunwest. Under the preliminary agreement between Blackstone and Sunwest, Sunwest would proceed with the plan of [...]
American DG Energy Inc. (OTC Bulletin Board: ADGE), an On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and athletic facilities, announced an agreement to supply energy to Carleton-Willard Village, a not-for-profit continuing care retirement community (CCRC), located in Bedford, Massachusetts. As part of the agreement, Carleton-Willard, will soon [...]
Boston College’s Center for Retirement Research recently published a brief which asked “Should You Carry a Mortgage into Retirement?” While the goal of repaying the mortgage prior to retirement remains for many individuals, an increasing number of Americans are entering retirement with a mortgage. The paper examines whether households should use retirement or non-retirement wealth [...]
Birchez Associates LLC, a Hudson Valley, N.Y., developer of affordable housing, recently celebrated the opening of The Birches at Esopus, an 80-unit, energy-efficient senior housing community. The Birches at Esopus is the first new construction to be completed and certified as a New York Energy Smart Building and the first low-rise construction to be completed [...]
Last month, the 2009 AAHSA Ziegler 100 was released providing a snapshot of the 100 largest Not-For-Profit Senior Living organizations. The report presents a variety of data metrics that show the size of the of the not-for-profit segment of the senior living sector and outlines characteristics of growing systems and overall trends of system growth. [...]
LivHOME, Inc., the nation’s largest provider of professionally led at-home care for seniors, has been named to the Inc. 5000 list of fastest-growing private companies for the third consecutive year. LivHOME has appeared in the prestigious ranking of U.S. private companies each year since the list’s inception in 2007. On the 2009 list, which is [...]
The U.S. Department of Housing and Urban Development announced last week the availability of $20 million to help convert multifamily apartment complexes into assisted living facilities for low-income senior citizens in addition to “HUD Offers $420 Million In Capital Advances For Housing Very Low-Income Elderly”. The funding is offered through HUD’s Assisted Living Conversion Program [...]
Time is running out for those interested in attending the annual NIC Senior Housing Conference being held in Chicago, September 23-25. Senior Housing News will be there covering the event during the show and will be meeting with readers and taking the pulse of senior living developers from across the nation. Penny Pritzker, CEO, CEO [...]
The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $210,000 Affordable Housing Program (AHP) grant to the Ruston Housing Authority located in Ruston, Louisiana. The grant will assist with the construction of Orchard Creek Apartments, a 30-unit complex for very low-income senior residents and funding was made available through Community Trust Bank in [...]
