The Legislative Analyst’s Office, a non partisan group in California, released a report that examined costs and benefits of the cuts last year to the state’s home care service for the elderly. The report found that Governor Arnold Schwarzenegger’s cuts, while painful, were recommended by the LAO and the LAO suggested that the state look [...]
Representatives from Cedar Rapids, Iowa and the surrounding areas celebrated the groundbreaking of the Cedar Crest Apartments last week. The newly constructed community of 45 homes for seniors age 55 or older is located on a 2.1 acre site that features the redevelopment of a three-story historic farmhouse into community space for residents with a [...]
The Obama administration’s budget proposal for the Department of Veterans Affairs in 2011 is seeking $250 million to strengthen access to health care for 3.2 million Veterans enrolled in VA’s medical system who live in rural areas. This push for rural outreach includes expanded use of home-based primary care and mental health through the department’s [...]
Skilled Healthcare Group, Inc. (NYSE:SKH) announced higher revenues for its full year 2009 results and a net loss of $133.2 million on a non-cash goodwill impairment charge of $170.6 million that was recorded in the fourth quarter. SKH recorded the goodwill impairment charge at the long-term care reporting unit (for all the details on the [...]
AgeSong celebrated the opening of Bayside Park, the company’s newest assisted-living senior communities in Emeryville, California last week. The five-story 116,366 square-foot residential complex offers independent and assisted-living apartments for senior adults and is AgeSong’s fifth community for elders in the Bay Area. Bayside Park features 125 studio and one-bedroom apartments within walking distance of [...]
What’s in store for housing during the next 10 years? John McIlwain, Senior Resident Fellow at the Urban Land Institute recently released “Housing In America: The Next Decade”. The paper looks talks about the consequences of the housing bust such as an increase in renters and a lack of home appreciation in the immediate future. [...]
National Health Investors, Inc. (NYSE:NHI) recently announced that completed the purchase of six Florida skilled nursing facilities from Care Foundation of America, Inc. (CFA) for a total of $67 million and that it closed on a $100 million unsecured revolving credit facility to fund new healthcare real estate investments.
The Lakewood Housing Authority, dba Metro West Housing Solutions, announced that it will receive a grant of $500,000 in HOME funds for the construction of Senior Residence at Creekside West. This is Phase II of the award winning Residence at Creekside Community, a 118 unit senior development built in 2007 (also supported by CDOH funds). [...]
LTC Properties, Inc. (NYSE:LTC) (“LTC”) announced last week that it has entered into an agreement to purchase a 120-bed skilled nursing property in Florida for a purchase price of $9.0 million and will enter into a 12-year triple net lease with a third party operator. The terms of the seller’s current financing required a 30-day [...]
