Lack of confidence in the job market? Maybe Americans should look at senior living…we’re pretty confident there is opportunity out there for work….just check out this weeks movers and shakers for inspiration. Email us your VIP employee announcements at movers-shakers@seniorhousingnews.com.
Europeans retirees want to retire in warmer climates and predominantly in countries other than their own according to a new survey of 7,500 European workers from Aon Consulting. Spain was the most popular retirement destination and also had the highest percentage of respondents who were citizens that wanted to remain in their home country for [...]
State and federal officials recently celebrated the grand opening of Eklutna Estates, the newest senior housing development of the Cook Inlet Housing Authority (CIHA). Eklutna Estate, located in CIHA’s existing senior community, Centennial Village, consists of 59 apartments – 46 one-bedroom/one-bath units and 13 two-bedroom/two-bath units and is open to Alaskans aged 55 and older. [...]
Sun Healthcare Group, Inc. (NASDAQ: SUNH) announced the completion of its previously announced sale of over 26 million shares of its common stock. The net proceeds were approximately $224.8 million after deducting various expenses associated with the offering. Sun intends to use the net proceeds from the offering to repay a portion of the outstanding [...]
Senior Living Investment Brokerage (SLIB) recently announced over $7 million in sales of skilled nursing facilities located in the Midwest and one memory care facility in Las Vegas, Nevada. The transactions included the sale of a skilled nursing portfolio, consisting of four properties and a total of 214 beds located throughout the state of Nebraska.
Somerby St. Vincent’s One Nineteen, located in suburban Birmingham, Ala., has recently been licensed for a 24-bed Memory Care unit for Alzheimer and dementia patients. The unit is part of the 200-bed active retirement community in Hoover that also includes Independent and Assisted Living. According to Michael Mays, president of Somerby Senior Living, “50% of [...]
New data released by NIC MAP for second quarter 2010 shows that senior housing occupancy rates fell for independent living and rose for assisted living. Occupancy rate stabilization has improved because of a return to positive absorption rates with a reading of 1.7% in second quarter 2010. The data also showed a rise in trailing-twelve [...]
As the Gulf coast continues to cope with the environmental cleanup from Deepwater Horizon oil-rig explosion and spill, many local businesses are feeling the effects of the disaster. Coupled with a sluggish economy and real estate market, many businesses are looking for any assistance to keep their doors open as decreased travel and other regional [...]
MBK Senior Living recently announced the purchase of The Firs retirement community in Olympia, Washington. The Firs, MBK’s third senior living community in Washington state, is comprised of 135 studio, one- and two- bedroom independent living apartments. The community offers month-to-month rental agreements and has staff on-hand 24-hours a day.
