It’s that time of year again to take a look back at the most popular stories on SHN this past year. See what’s in the top 10 and our commentary to make you smile. 1. 10 Senior Housing & Senior Living Trends To Watch In 2010 - Guess what? Our 2011 Trends will be hot [...]
Capital Senior Living Corporation (NYSE:CSU) announced last week that one of its joint ventures in which it has a 5% interest has entered into an agreement to sell four senior living communities to Health Care REIT, Inc. (NYSE:HCN). The four communities, known as the Spring Meadows Communities, have approximately 625 units with a combined resident [...]
Eligible bachelors are hot commodities at senior living communities and there are (a few) hearts breaking across America today as the 84 year old founder of Playboy is off the market. Hugh Hefner announced his engagement to 23 year old Playboy playmate Crystal Harris over the holiday weekend. In a sign of keeping up with [...]
Rev. Larry Snyder, president and CEO of Catholic Charities USA, issued the following statement today following Senate passage of S. 118 and S. 1481 providing for major improvement in Section 202 and Section 811 Housing: "Catholic Charities USA, which has long advocated for elderly and disability housing, applauds the leadership in Congress for addressing the [...]
This week, the House and Senate passed the Section 202 Supportive Housing for the Elderly Reform Act (S. 118) that makes improvements in the Department of Housing and Urban Development’s (HUD) Section 202 Supportive Housing for the Elderly Program. The legislation, with broad support of aging advocacy groups throughout the country, will help expand the [...]
The receiver responsible for the Sunwest Management announced that the first distribution of claim checks is in the mail to investors and other claimants relating to the former Oregon senior living provider’s bankruptcy estate. The distribution of $228 million represents a 40% distribution before the end of the year and/or additional interests in the new [...]
Those snowbirds are starting to nest in retirement areas rather than just migrating seasonally. The U.S. Census Bureau released the 2010 Census that showed the resident population of the United States on April 1, 2010, was 308,745,538, an increase of 9.7% over the 2000 U.S. resident population of 281,421,906. The census showed that California was [...]
Insurance companies are keeping a close eye on the costs of long term care and a new study from Northwestern Mutual shows that assisted living continues to cost half as much as nursing home care. The study outlines long-term care costs by state, with data on nursing home daily rates, assisted living monthly rates, and [...]
HCP (NYSE:HCP) announced Monday it has successfully completed its $1.472 billion public offering of 46 million shares of common stock at a price per share of $32.00. HCP intends to use the proceeds from the offering in combination with debt offerings, cash on hand and the funds received from repayment of its debt from existing [...]
