Archive for October, 2009

Áegis Living Announces New Chief Financial Officer

Áegis Living recently announced that David Eskenazy has accepted the position of Chief Financial Officer and will take on all financial management and planning responsibilities for Áegis Living and will serve on the company¹s Steering Committee. Most recently, he was with Investco Financial Corporation as the Chief Investment Officer and Chief Operating Officer.  Mr. Eskenazy [...]

Caring.com Acquires Leading Online Eldercare Directory Gilbert Guide

Last week, Caring.com announced the acquisition of Gilbert Guide, the home of the comprehensive online senior housing guide, homecare directory, and key resource for caregivers, adult children and families with aging parents.  As a Caring.com featured site, Gilbert Guide has quickly become a favorite among members among members from Caring.com, with more than a million [...]

Senior Living Investment Brokerage, Inc. announces $21 million CCRC sale in Kansas

Senior Living Investment Brokerage, Inc. announces $21 million CCRC sale in Kansas

Senior Living Investment Brokerage, Inc. recently announced a $21 million dollar sale of a 98,300 square foot Continuing Care Retirement Community (“CCRC”) located in Lawrence, Kansas.  The facility, which was developed in 1998 and renovated in 2006 & 2007, has a total of 140 skilled nursing bed, 37 assisted living units, and 82 independent living [...]

Erickson Retirement Seeks Options Amidst Challenging Times

Erickson Retirement made the rounds in the press the last two weeks as the latest of the nation’s retirement community developers to take a beating.  The Wall Street Journal ran, “Retirement Chain Seeks Fresh Cash Infusion” last week and the Baltimore Sun ran, “Erickson Retirement trying to reorganize, cut debt” that show the company continues [...]

Sunrise Sells 21 Assisted Living Communities to Brookdale Affiliate

Sunrise Senior Living, Inc. (NYSE: SRZ) announced that it has entered into an agreement to sell 21 wholly owned assisted living communities, located in 11 states, to BLC Acquisitions Inc., an affiliate of Brookdale Senior Living Inc. (NYSE: BKD), for $204 million.  The portfolio has a total of 1,389 units, comprised of 92 independent living [...]

Faulkner Design Group Completes Design Services At Dallas Luxury Senior Living Community

Faulkner Design Group Completes Design Services At Dallas Luxury Senior Living Community

Faulkner Design Group, a national, multifamily interior design firm,announced that it has completed interior design services at Churchill Estates at Lake Highlands, a premier Senior Living Community featuring 175 units located in Dallas, Texas.  Faulkner Design Group provided the interior design and planning of the lobbies, common areas and all residential units and corridors for [...]

AARP Releases Report On Subsidizing Housing For Seniors Near Public Transportation

A new AARP report co-authored by the National Housing Trust and Reconnecting America has found that more than 250,000 privately-owned, federally subsidized apartments exist within walking distance to quality transit in 20 metro areas.  With demand to live near transit on the rise, this critical housing resource is increasingly at risk in the face of [...]

Amica Announces Quarter Results Showing Lower Occupancy and Earnings From Last Year

Amica Mature Lifestyles Inc. (“Amica” or the “Company”), a Canadian based company that specializes in the management, marketing, design and development of luxury housing and services for mature lifestyles, announced its operation results for the current quarter which showed decreases and earnings and cash flow when compared to its results from last year.  The Company [...]

Ensign Group Announces Acquisitions in Utah and Texas And Seeks More In Western US

The Ensign Group, Inc. (Nasdaq: ENSG), announced that it has acquired three Utah skilled nursing facilities, South Valley Care Center in West Jordan, a suburb of Salt Lake City, Rock Canyon Rehab & Care Center in Provo, and Castle Country Care Center in Price. Ensign also announced that that it has acquired Golden Acres, an [...]