Microsoft Corp., the city of New York and Selfhelp Community Services Inc. recently unveiled their Virtual Senior Center, a public-private partnership and demonstration project that is showing how cities can use technology to revitalize senior centers and enhance the lives of homebound seniors. The Virtual Senior Center uses computer, video and Internet technology to create [...]
The Employee Benefit Research Institute recently released its annual Retirement Confidence Survey for 2010 that that the record-low confidence levels measured during the past two years of economic decline appear to have bottomed out. The percentage of workers very confident about having enough money for a comfortable retirement has stabilized at 16 percent, which is [...]
Resort Lifestyle Communities celebrated the ground breaking of Provident Crossings adult living community in Round Rock, Texas last week. Provident Crossings is a $22.5 million, 126-apartment adult living community for people 55 and and will offer a selection of studio, 1, 2, and 3 bedroom apartments all with full kitchens, washer/dryer hookups, spacious living areas, [...]
Friends Homes Inc. (Friends), a continuing care retirement community (CCRC) operator in North Carolina, recently announced a partnership with FLS Energy for installation of 208 solar thermal collector panels in its two continuing care retirement communities, Friends Homes at Guilford and Friends Homes West. As one of the largest ever installed solar thermal systems in [...]
Health Care REIT, Inc. (NYSE:HCN) recently announced that it has priced an offering of $300 million of 6.125% senior unsecured notes due April 15, 2020. The notes were priced at 99.297% of their face amount to yield 6.22% and the offering is expected to close on April 7, 2010. Fitch Ratings has assigned a ‘BBB’ [...]
Looking for a primer on planning how to prepare for your financial future and your estate? Next Steps: A Practical Guide to Planning the Best Half of Your Life provides a clear, concise read on strategy planning and other considerations for retirement. The book, written by Jan Warner & Jan Collins, focuses heavily on building [...]
Senior Quality Lifestyles Corporation (SQLC), a Texas-based nonprofit sponsor of senior living communities, announced that financing was recently completed for its latest project, Mirador. Ziegler Capital Markets served as bond underwriter of the $79 million financing for the the 17-acre campus scheduled to open in 2011. Construction is underway for the Corpus Christi, Texas gated [...]
TrinityCare Senior Living, Inc. (OTC Bulletin Board:TCSR.ob) which develops, manages and owns faith-based senior living facilities, announced its operating results for the year 2009 that show total revenues rose approximately 14% to $6,484,598 for 2009, compared with revenues of $5,688,068 in 2008. Trinity saw its gross profit increase in 2009 due to improved occupancy rates [...]
What Are the Correct Levels of Staffing For Senior Living Communities?
By Doug Fullaway, President and COO of Vigilan Unemployment seems to be stuck around 10% and foreclosures are reaching record levels, casting a dark cloud over the business of senior living. Prospective new residents are more uncertain than ever about moving. Centers work hard just to hold census levels. And while there are signs things [...]