Mayor Adrian M. Fenty last week announced the District selected a development team led by Urban Matters, Mission First, Mt. Lebanon CDC and the Washington Interfaith Network (WIN) to redevelop the former MM Washington Career High School. The Urban Matters/WIN proposal calls for redeveloping the 80 to 90 units of affordable senior rental housing and [...]
RememberItNow! LLC recently announced the launch its eHealth service that assists with medication reminders and maintaining personal health records. RememberItNow! sends SMS text messages or email reminders for medications and events to the user’s cell phone and those messages can be customized with special instructions, adjusted for time zones, and can be turned on or [...]
Five Star Quality Care, Inc. (NYSE Amex: FVE) announced that it has entered into a new $35 million revolving credit facility. The facility will require interest payments of LIBOR (with a floor of 200 basis points) plus 400 basis points and will be secured by FVE’s accounts receivable and related collateral. This new credit facility [...]
WindsorMeade of Williamsburg, an active, Continuing Care Retirement Community in Williamsburg, Virginia received licensure from the Virginia Department of Health to begin admitting residents to its nursing facility and has begun receiving admissions for both current residents and eligible individuals from outside the community. The WindsorMeade of Williamsburg nursing facility encompasses 12 private residences with [...]
NIC Announces Premier Partners for 2010 at Regional Symposium National Investment Center for the Seniors Housing & Care Industry (NIC) recently released data for fourth quarter 2009 that showed occupancy rates for senior housing declining while rents continue to see increases. The data also showed that construction pipeline for new products is drying up as [...]
Carnegie Mellon University researchers in the Quality of Life Technology Center (QoLTC) recently announced a study that will embed wireless sensors in the residences of about 50 older adults who live alone to see if they can detect subtle changes in everyday activities that indicate the onset of dementia or physical infirmities. The project hopes [...]
Are you a Kindle (Amazon E-book Reader) fan? If you don’t have one and love to read books, we highly recommend purchasing one for yourself or adding it to your Christmas wish list. Better yet, you can access Senior Housing News on your kindle for the whopping price of $1.99 per month. Guess what? We’re [...]
Ebenezer has completed financing and is set to break ground on its new assisted living addition to the 7500 York Cooperative in Edina, MN – York Gardens. The four level, 76-unit York Gardens will feature 47 assisted living apartments, 15 memory care apartments and 14 care suites. Ebenezer Management Services, Ebenezer’s development arm, will develop [...]
This was too good to pass up…Skandia, a UK investment and insurance company, released the results of a study of 3,000 Brits that revealed that 51 per cent are worried about how they are going to fund their retirement years. More than a third are waiting for some inheritance money, and one in ten are [...]
