PEP Housing is preparing to celebrate the groundbreaking of Kentfield’s first affordable housing development for seniors called Toussin Senior Apartments on February 1, 2010. Toussin Senior Apartments consists of a two-building scheme to maximize the view for the tenants and the structure will contain permeable walking surfaces, rain water dispersement structures, and proper planting to [...]
Kandu Capital, LLC (“Kandu”), a private, family-operated investment company specializing in health care acquisition and management, along with its operating company, Bloomfield Senior Living, announced the acquisition of a new senior living community in South Carolina on January 6, 2010. With this acquisition, Kandu expands its diversified, growing portfolio of independent and assisted living, memory [...]
AdCare Health Systems, Inc. (NYSE AMEX: ADK), an Ohio based long term care, home care and management company, recently reported that it completed a private placement of its securities that raised $2.5 million in cash to fund the Company’s growth initiatives, which include potential acquisitions of assisted living facilities and nursing homes as well as [...]
Think providing outdoor access to the natural surroundings of senior living isn’t that important? Think again. A recently produced set of videos entitled “Access to Nature” created by a Texas A&M University (gig ‘em) architecture professor examines opening outdoor access for the elderly and overcoming barriers that keep them from venturing outside. In interviews with [...]
Last month, the New York State Office of Parks, Recreation and Historic Preservation Commissioner Carol Ash announced the recipients of the 2009 New York State Historic Preservation Awards that recognized Park Lane Apartments at Sea View, Former Nurses’ Residence of Sea View Hospital, Staten Island, for an outstanding adaptive use project and commitment to community [...]
The National Investment Center for the Seniors Housing & Care Industry (NIC) recently announced its key note speakers & break-out sessions for its upcoming investment-focused conference for owners, operators, investors, association leaders, and government representatives who have specific interest in the skilled nursing sector. The National Skilled Nursing Investment Forum, "Moving from Yesterday to Tomorrow: [...]
Sun Healthcare Group, Inc.’s (NASDAQ GS: SUNH) released an investor presentation earlier at the JPMorgan Healthcare Conference this week outlining the company’s operations and financial assumptions. As of September 30, 2009 Sun Healthcare had 23,205 Licensed Beds in 25 States with 205 inpatient facilities with an 87.9% occupancy in its facilities excluding hospitals. The presentation [...]
The recently released survey entitled “Financial Capability in the United States” by the FINRA Investor Education Foundation and developed in consultation with the U.S. Department of the Treasury and the President’s Advisory Council on Financial Literacy shows that less than half of all working Americans have ever tried to figure out how much they need [...]
CB Richard Ellis Senior Housing announced two recent transactions that include a $15 Million in Southern California and a $102 Million acquisition by Brookdale Senior Living Inc. (NYSE: BKD). CBRE assisted in the purchase of Paragon Gardens Assisted Living and Memory Care for $15,250,000 by VinCal Senior Housing, a joint venture between Vintage Senior Housing [...]
