The room was filled with music and excitement during the The Low-Savin/Soundview Apartment’s 30th anniversary celebration held recently on the United Hebrew of New Rochelle campus. Soundview Apartments, a senior housing residence and part of the United Hebrew of New Rochelle campus of services, was one of the first HUD sponsored senior apartments in New [...]
Alzheimer’s care just got a big boost from the federal government this week as part of its effort to provide coordinated efforts for eldercare in America. The National Alzheimer’s Project Act will create the National Alzheimer’s Project, which would centralize government efforts to prevent and treat the disease and create a national strategy for defeating [...]
Emeritus Corporation (NYSE: ESC) recently announced that it has completed the closings on eight communities with approximately 825 units during the fourth quarter of 2010. Earlier in December Emeritus completed the purchase of two communities in Florida with 321 units for $21.5 million and an eighty bed assisted living community in Little Rock, Arkansas for [...]
Maravilla Scottsdale Construction Contract Awarded to The Weitz Company Maravilla Scottsdale has awarded The Weitz Company’s Southwest Division the contract for the next phase of construction for the luxury retirement community under development in North Scottsdale. Phase II of the development began on November 30th and will consist of 240,000 square feet of construction with [...]
The holiday spirit was alive this season as Edgemere senior living community hosted the public for their 8th Annual Holiday Bazaar. In November, guests had the opportunity to shop more than 40 of Dallas’ most unique gift vendors, while enjoying festive appetizers and refreshments. “This year’s Holiday Bazaar was one of our best,” said Tori [...]
HCP (NYSE:HCP) announced that it has executed an agreement to acquire HCR ManorCare’s 338 post-acute, skilled nursing and assisted living facilities located in 30 states, with the highest concentrations in Ohio, Pennsylvania, Florida, Illinois and Michigan. The transaction will represent almost the entire real estate portfolio of privately-owned HCR ManorCare, Inc. ("HCR ManorCare"). HCR ManorCare [...]
ACTS Retirement-Life Communities recently celebrated the milestone as it surpassed $1 billion in total assets. The milestone was achieved earlier this year as ACTS completed an affiliation earlier this year with two other senior living organizations, the Peninsula United Methodist Homes and Heron Point of Chestertown, Maryland. Since it’s inception in 1971 with a single [...]
The valley of home price depreciation…are we there yet? The latest market report for Zillow forecasts that home values in the U.S. are are expected to lose more than $1.7 trillion in value during 2010. The figure is a 63% increase than the $1 trillion lost in 2009 and brings the total market value lost [...]
Senior Housing Should Lead With Tech-Enabled Service To Drive Costs Down
Assisted living cost structures are outrageous. Perhaps you saw it — the New Old Age article about one family’s encounter with ballooning costs in Assisted Living (year-over-year cost growth of 5.2% nationwide), now an 18% (additional $12,000) hike proposed for this 72-year-old gentleman because he ‘needed the next level of care.’ Then there’s the nursing [...]