CPC Resources, Inc. and Rockland Housing Action Coalition recently celebrated the grand opening of the Spring Valley Senior Apartments which is part of the a comprehensive urban renewal plan to revitalize downtown Spring Valley. The $18 million project, which was co-developed by CPC Resources and Rockland Housing Action Coalition, features 53 rental apartments affordable to [...]
Thinking about moving to Aspen for retirement? Yes, we were contemplating that locale too but with an average market value for homes listed as of December 2009 at $1,665,463, maybe renting would be the better option. The Aspen Times ran an article entitled “Aspen assisted-living facility boosts eligibility requirement” that stated that the requirement for [...]
Chartwell Seniors Housing Real Estate Investment Trust (TSX: CSH.UN) announced that it has agreed to acquire from Le Groupe Melior and its joint venture partners three properties in lease-up and two parcels of vacant land in the Province of Quebec. Chartwell will acquire the properties for $87.6 million and the purchase price price will be [...]
Care Investment Trust Inc. (NYSE: CRE) (“Care” or the “Company”) announced last week that its Board of Directors (the “Board”) has approved a Plan of Liquidation (the “Plan”) for the Company. The Plan is subject to approval by Care’s stockholders holding a majority of the Company’s outstanding shares of common stock. Care Investment Trust Inc. [...]
Last week, Zillow.com announced that U.S. homes lost $489 billion in home values during the first 11 months of 2009, significantly less than the $3.6 trillion lost during 2008 according to analysis of its Market Reports. The stabilization in home values led to easing rates of negative equity in the third quarter of 2009, with [...]
Can’t figure out what to get your office worker for the holidays besides fruitcake? How about some knowledge? How about a free subscription to Senior Housing News? Sure, they can get it themselves but you’re just trying to help them be more informed…sounds like you care…call it a nudge. We still have to get their [...]
According to a recently released report by the Department of Housing and Urban Development (HUD), the Federal Housing Administration is projecting that reverse mortgage endorsement volume will decline in 2010. It would be the first year over year decline the industry has experienced in at least a decade. According to the report, FHA estimates the [...]
Equity LifeStyle Properties recently participated in a real estate equities conference and its Executive Vice President and Chief Financial Officer, Michael B. Berman provided a presentation on the Equity LifeStyle’s properties and customers. The presentation goes into some interesting demographic data of its customers for resort homes and those who are recreational vehicle owners. The [...]
Intelligent InSites, recently announced that Saint Therese at Oxbow Lake (Saint Therese), a senior living community located in Brooklyn Park, Minnesota, has implemented the InSites Enterprise Visibility Platform™ as the resident care and staff response solution. Saint Therese selected the real-time locating solution, offered by Intelligent InSites, to support the goal of creating a welcoming, [...]
