Does keeping healthy really reduce the costs of living in retirement or does it actually increase those costs because improved health leads to longer life? A recent brief from the Center for Retirement Research at Boston College reported new findings on average lifetime health care costs at selected ages and on the distribution of those [...]
The deadline for entries for the 15th Annual MetLife Foundation Awards for Excellence in Affordable Housing is coming around the corner next week on May 26, 2010. This year’s competition is focused on best practices in the area of green and service-enriched affordable housing for seniors.
Assisted Living Concepts, Inc. ("ALC") (NYSE: ALC) recently reported net income from continuing operations and net income each were $3.6 million in the first quarter of 2010, compared to a net loss from continuing operations and a net loss of $11.6 million and $11.8 million, respectively, in the first quarter of 2009. The net loss [...]
The Texas Department of Housing and Community Affairs (TDHCA) announced a funding award of $500,000 in funds to developers constructing the 92-unit Abilene Senior Village Apartments which will help finance five units designed for low income senior citizens with disabilities. The award was made through the Department’s HOME Investment Partnerships (HOME) Program, funded through the [...]
The Reverend Kenneth Dupin, leader of a small Methodist church in Sale, Virginia, is getting a lot of attention lately for his invention called MEDcottage. The invention is a portable dwelling unit that could be moved into a family’s back yard and used to shelter a loved one in need of special care. The company, [...]
Senior Living Investment Brokerage (SLIB) recently announced the sale of Bradford Place, an assisted living facility located in Swansea, Illinois. The 29 unit facility sold for $2.7 million dollars and includes acreage for future expansion possibilities. The transaction was a divestiture for the seller who acquired the property when faced with an expiring 1031 exchange [...]
Emeritus Corporation (NYSE: ESC), a national provider of assisted living and memory care services to seniors, recently announced its first quarter 2010 results that showed an increase in revenues of 5.9% to $234.2 million, compared to $221.1 million in the 2009 first quarter and a net loss of $14.2 million or (.36) per share versus [...]
The Buckingham senior living community recently welcomed former First Lady Barbara Bush as she spoke to residents and guests about her experiences in the White House and raising what would become one of the most influential families in America. This was also an opportunity for Mrs. Bush to visit long time friends who are current [...]
Beyond Boomers: Find Success in Marketing To Specific Boomer Segments
Think the Baby Boomer demographic is simple to reach effectively? Think again. Last Friday, a workshop entitled “Marketing to Boomers and Beyond: How to Build Your Business with the Mature Consumer,” was held in New York City to address this and other related mature marketing issues, including the latest demographic trends, research findings, and how [...]