Adrienne Faulkner, president and CEO of Dallas, Texas based Faulkner Design Group, recently shared some of her thoughts on senior living design and senior housing with Senior Housing News (SHN). Faulkner Design Group, which has been in business for 20 years and working with senior living for the past 10 years, has recently completed senior [...]
Pacific Retirement Services, Inc. (PRS), the parent company of Capitol Lakes® in Madison, Wisconsin, and Rogue Valley Manor in Medford, Oregon, announced that it has assumed management of of Middleton Glen, an Independent Living retirement community located in Middleton, Wisconsin effective December 1, 2009. Middleton Glen has two phases to its development: Middleton Glen, Inc., [...]
The McGregor Foundation, in its semiannual round of grants, announced last month the distribution of $365,050 to 17 local programs and institutions that reflect the Foundation’s grant making priorities: providing affordable senior housing with services, educating the workforce serving the aging, and improving the quality of life of vulnerable seniors. The latest grants bring the [...]
Senior Living Investment Brokerage recently announced the sales of the Lake Shore HealthCare and Rehabilitation Centre in Chicago, Illinois and the Claremont in Eau Claire, Wisconsin for $22,250,000 and %7,625,000 respectively in December 2009. The Chicago facility, built in 1972, has approximately 72,000 square feet situated on approximately 1.15 acres and has 313 beds. The [...]
The Mather LifeWays Institute on Aging (MLIA) released its 2010 predictions that identify medical breakthroughs, technological advances and healthy lifestyles as trends that are set to have a profound effect on the U.S. population of nearly 40 million people who will be over the age 65 in the coming year. “Our older adult population continues [...]
The recent filing of a 8-K statement by Care Investment Trust Inc. (NYSE: CRE) (the “Company”) outlined the amended and restated management agreement between itself and CIT Healthcare, LLC, the Company’s external manager. The restated agreement lowers the monthly management fee CIT Healthcare receives until the trust is liquidated and replaces the termination fee with [...]
SSOE Group’s Design Meets Client Goals by Combining Senior Rehabilitation in an Extended Stay Hotel Concept SSOE and Santé Partners’ announced that its newest project, Asante of Mesa, Arizona Transitional Rehabilitation Center (TRC) is expected to be completed by October 2010. The center, developed by Santé Partners Inc. and designed by SSOE Group, a global [...]
Governor Pat Quinn announced last week that $7.5 million in state and federally- backed funding efforts will help back construction of the River to River Residential Community of Marion. The supportive living facility will offer an alternative to nursing home care for low-income seniors and create up to 35 jobs during construction and 20 permanent [...]
Amica Mature Lifestyles Inc. (“Amica” or the “Company”), a Canadian management, marketing, design and development of luxury housing and services for mature lifestyles, announced the it’s operating and financial results for the three and six month periods ended November 30, 2009. Amica reported that consolidated revenues decreased $0.2 million to $10.3 million and net earnings [...]
