The U.S. Department of Housing and Urban Development announced last week that $511 million is available to provide non-profit organizations interest-free capital advance funds to produce affordable rental housing with supportive services for the elderly and persons with disabilities through HUD’s Section 202 and Section 811 Capital Advance programs. Of the funds available as part [...]
National Assisted Living Week® (NALW) is taking place September 13-19, 2009 and more than 38,000 assisted living communities nationwide will be celebrating this year’s theme “Traditions of the Heart.” Many companies are announcing their support in conjunction with events at their facilities throughout the country. The National Center for Assisted Living established NALW in 1995 [...]
Last week was a busy one for senior housing and living stocks and news releases and SEC filings. Here’s a brief recap of some of the smaller bits: Senior Housing Properties Trust – Senior Housing Properties Trust (NYSE: SNH) announced that it has priced a public offering of 6,500,000 common shares of beneficial interest at [...]
For the second year in a row, Greystone Management Service Inc. has presented Kahala Nui with the Diamond Award for outstanding operations. The Continuing Care Retirement Community, located on the island of Oahu in Hawaii, is one of only two communities nationwide to be presented with this honor. Greystone Management presents the Diamond Awards annually [...]
Speaker of the House Nancy Pelosi (D-CA) recently joined residents and neighbors in celebrating the preservation of 245 affordable apartments at Nihonmachi Terrace in the Japantown neighborhood of San Francisco. The seven building property, buitl in the mid-1970s, is currently undergoing $25 million in renovations that will include energy-efficiency enhancements and structural improvements and he [...]
Emeritus Senior Living (NYSE:ESC), a national provider of assisted living and Alzheimer’s and related dementia care services to senior citizens, announced today that Chris Hyatt has been promoted to Senior Vice President – Operations. Mr. Hyatt joined Emeritus eleven years ago at one of our South Carolina communities. He has worked in various roles throughout [...]
Health Care REIT (NYSE: HCN) released a 29 page investor presentation that provides an overview of its business operations and structure for 2009. The presentation focuses on the unique investment strategy, its diverse portfolio, outlines its financial position and provides details on opportunities for growth. One of the most interesting areas of the presentation is [...]
NIC MAP, a leading data and analysis service for the seniors housing and care industry, has announced a redesigned and improved website that includes new interactive benchmarking tools and slimmed down print reports. These upgrades enhance NIC MAP’s official expansion of full market coverage to the top 100 U.S. metropolitan markets in June, according to [...]
More Senior Apartments And Age Restricted Communities Look At Lowering Age Requirements
It’s no secret that many existing senior apartment complexes and newly constructed age restricted communities are suffering but what about the consequences, real or perceived, of opening these facilities up to a 55 and under crowd? A recent article in the Orlando Sentinel entitled “Vacancies force senior apartment complex to open doors to all ages”, [...]