Capital Senior Living Corporation (CSU) announced earlier this week that Midwest Portfolio Holdings, LP ("Midwest I"), a joint venture in which CSU held an 11 percent partnership interest, has sold five senior living communities to Health Care REIT, Inc. Upon closing the sale, the CSU leased the communities from HCN. Capital Senior Living previously managed [...]
It’s always interesting to see some designs from university students interpreting senior housing and living from their perspective. The vision designed by students Benjhamin Callam and Joseph Littrell of the University of Pennsylvania is to support the surrounding community with just as much importance as the medical advances that support the individual. The design takes [...]
View our weekly list of job changes around the senior housing and living industry to keep track of friends and foes. Have a job announcement that your organization is proud of? Send them our way at movers-shakers@seniorhousingnews.com.
Are you ready for reality TV…senior style? Jersey Shore, The Real World and similar types of shows follow the same script: Sex, Small Communities, Catfights and Nicknames. The question is whether WeTV’s “Sunset Daze” becomes a hit or a dud…With names like “Wild Child” and “Mr. Romeo”, is it only a matter of time before [...]
Jack Satter House, a supportive housing community for 300 low-income seniors in Revere, Massachusetts announced that it has received a $4 million grant from the U.S. Department of Housing and Urban Development (HUD) as part of its new Green Retrofit Program for Multifamily Housing. The grant, which is the first of its kind in New [...]
TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR) recently announced the execution of a strategic agreement with ATOM, LLC for the development of a new senior living facility in Gulf Shores, Alabama. Funding for Trinity Sands, an 82-unit, $12 million senior living facility, is anticipated to occur during the summer of 2010 and completion of [...]
Tired of that musty, stale smell in senior housing facilities? Apparently Aegis was too. Aegis recently announced that it has selected Prolitec Inc.to introduce aromatherapy to public areas in all 35 of its senior living facilities in Washington, California and Nevada. Aegis selected Prolitec to roll out the systems to the remainder of its communities [...]
As the mainstream press drones on and on about for foreclosures, a well written article in the New York Times talks about foreclosures of senior living projects, entitled “Elder-Care Home Foreclosures, Without Warning”. The article highlights the need for financial due diligence that should be done on senior housing/living providers prior to moving into those [...]
Equity LifeStyle Properties, Inc. (NYSE: ELS) announced results this week for the quarter ended March 31, 2010 that showed Funds From Operations ("FFO") were $37.4 million for compared to $37.9 million for the same period in 2009. ELS reported net income of $15.1 million in Q1 vs. $13.6 million in the same period for 2009. [...]
