Senior Living Investment Brokerage, Inc. facilitated the sale of a 54 Unit Independent Living Facility located in the city of Peru for $4.35 million, or approximately $80,555 per unit. The facility, located approximately 69 miles north of Indianapolis and 60 miles west of Ft Wayne, was originally developed by a local hospital in 2000 and [...]
Is budgeting social security into the retirement incomes for seniors and their decisions on senior housing critical? You Betcha. According to a new study by the Employee Benefit Research Institute (EBRI), it represents almost half of the income for those 65 and older. The study, based on data from 2008, shows the nearly all individuals [...]
Leo Brown Group, recently announced that it was awarded a ten year property tax abatement from the Town of Avon for Reagan Park Senior Living. Reagan Park Senior Living will be constructed on over 20 acres scheduled to begin this summer with an anticipated opening in the summer of 2011. Components of the Reagan Park [...]
Want to train your brain or a loved one’s at home? Dakim BrainFitness recently announced that its software is now being offered for sale via its website for PCs and Macs for use on home and portable computers. The new software, a DVD package containing 6.5GB worth of content, helps maintain mental acuity with entertaining, [...]
Brookdale Announces Refinancing Transaction Brookdale Senior Living Inc. (NYSE: BKD) recently announced that the Company has obtained a $117.0 million first mortgage loan from Berkadia Commerical Mortgage and Fannie Mae. The mortgage debt has a 10 year term and bears interest at a fixed rate of 5.98%. The Company simultaneously repaid $119.0 million of mortgage [...]
Is it true in all cases that time heals all wounds? A new study entitled “State of Nation’s Housing 2010” released the by Joint Center for Housing Studies of Harvard University on Monday shows that housing in not as scary as it was 12 months ago but the adverse consequences of the recession and the [...]
Omega Healthcare Investors, Inc. (NYSE:OHI) announced last week that it closed on its option to purchase 63 long-term care facilities from affiliates of CapitalSource Inc. for $293 million in cash. The option to purchase, previously announced in November of 2009, represents 6,607 available beds located in 19 states and are part of 30 in-place triple [...]
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Senator Jack Reed recently announced that over 100 apartments in Warwick, Rhode Island will become greener and more energy efficient as a result of $1.4 million in Recovery Act funding being awarded to Shalom Apartments, a senior housing development. Retrofits will produce major system upgrades [...]
Cirrus Group and its joint development partner McFarlin Group have announced the recent ground breaking on a new senior assisted living and Alzheimer’s community in McKinney, Texas for people needing living assistance and those living with the challenges of Alzheimer’s Disease and dementia. The $14 million community named Orchard Park of McKinney is anticipated to [...]
