LTC Properties (NYSE: LTC) has entered into three purchase agreements to acquire four assisted living properties with a total of 241 units for an aggregate purchase price of $26.9 million. The three properties are located in Florida and one is located in Mississippi and the purchase is expected to close by the end of October. [...]
Ingleside at King Farm has been awarded Leadership in Energy & Environmental Design (LEED) certification, the most prestigious national accreditation for new construction. The LEED rating system recognizes the most energy efficient, health conscious and environmentally-sound buildings in the U.S. and worldwide. Developed by the U.S. Green Building Council, LEED’s rating system comprises six categories [...]
Last week, Ventas, Inc. (NYSE: VTR) announced that it executed an agreement to acquire the real estate assets of privately-owned Atria Senior Living Group for a total purchase price of $3.1 billion and will use 24.6 million shares of Ventas common stock, worth approximately $1.35 billion, $150 million in cash and the assumption or repayment [...]
Independa, a startup technology company based in San Diego, California, recently launched its integrated elder care monitoring system for home use. The service, sold as a monthly subscription service, is anchored by an upcoming Android-based wireless tablet computer, named "Angela" interfaces with wireless home and health sensors in the care receiver’s home. The system communicates [...]
In an effort to continue rebuilding efforts along the gulf coast, officials and local residents in Mississippi recently celebrated the ground breaking on a 209-unit housing complex for low-income elderly residents in Biloxi. The Santa Maria del Mar Retirement Apartment Complex, sponsored by the Catholic Diocese of Biloxi, was badly damaged in Hurricane Katrina in [...]
The Legacy at Willow Bend, located in Plano, Texas, recently welcomed Israeli politician Avi Dichter who currently serves as a member of the Israeli Knesset Kadima party. Key members of Hadassah, the Women’s Zionist Organization of America, joined more than 75 members and staff at The Legacy at Willow Bend to hear Dichter speak about [...]
Horizons at Morgan Hill, a 49 unit affordable senior housing community, celebrated its ground breaking last week in Northern California. Scheduled to open in August 2011, the new $21.2 million community will offer healthy, supportive and eco-friendly apartment homes to seniors 55 years and older earning between 30 percent and 50 percent of Santa Clara [...]
Services & Advocacy for GLBT Elders (SAGE) has launched the National Resource Center on LGBT Aging, the country’s first and only technical assistance resource center aimed at improving the quality of services and supports offered to lesbian, gay, bisexual and transgender (LGBT) older adults nationwide. The resource center will connect aging providers and LGBT organizations [...]
Welcome to this week’s movers and shakers…send us your staffing announcement and we’ll be eternally grateful…email us at movers-shakers@seniorhousingnews.com. Maybe not eternally…
