Emeritus Corporation (NYSE: ESC) and Seattle-based Columbia Pacific Advisors (CPA) have entered into a memorandum of understanding to begin exploring the potential to develop senior housing in China. As part of the agreement, CPA will conduct due diligence with respect to senior living development opportunities in China and if projects emerge Emeritus will have the [...]
Northwest Care Management, Inc. (NWC) announced last week that it has entered into a joint venture agreement with Chicago-based investment management firm, Heitman, LLC. The venture will utilize approximately $125 million to acquire, reposition and renovate existing senior housing communities in Washington, Oregon, and California. During December 2010, NWC purchased Faerland Terrace, a 99-unit assisted [...]
The George Mason University Department of Health Administration & Policy has expanded its annual Quality Improvement Awards to include a category for Senior Housing/Long Term Care providers. The national awards program has previously recognized team-based contributions in quality improvement for health care organizations including hospitals, outpatient/ambulatory medicine, and managed care, among others. The addition of [...]
Austerity was the most searched word on the Merriam-Webster online dictionary during 2010. In case you’ve been living under a rock the past two years, the word means ‘enforced or extreme economy’. Quite different than luxury or other indulgent phrases that led up to the recession of the last few years. As you peruse this [...]
Chosen from more than 430 chefs within Brookdale Senior Living communities across the nation, Chef Elisabeth Archer of Grand Court Tavares, a Brookdale Senior Living assisted living community in Florida, has been awarded the much sought-after and coveted culinary award of 2010, Ultimate Chef America. Throughout 2010, the culinary professionals of Brookdale Senior Living, a [...]
The American Health Care Association (AHCA) and the National Center for Assisted Living (NCAL) recently released its fourth briefing as part of a series examining the current status of assisted living and long-term care to raise awareness and coincide with President Obama’s State of the Union address. The brief reveals that there are almost 1 [...]
Having trouble with your new years resolutions about finding a new job? Not so much for this week’s group which shows that people are moving and positioning for 2011. Looking for those new opportunities in your neck of the woods? Visit the new and improved Senior Housing Jobs site for a plethora of opportunities. Got [...]
Cornerstone Healthcare Plus REIT recently announced the acquisition of Carriage Court of Hilliard in Ohio for $17.5 million. The 70,000 square foot facility has a total of 102 units of which 64 are dedicated to assisted living and 38 are focused on memory care. The transaction is the second acquisition between Cornerstone Healthcare Plus REIT [...]
It’s no secret that foreclosures hurt home values in the neighborhood but how much will the stabilization of home prices help retirement planning? According to a new paper by the Center for Retirement Research at Boston College, elderly households will be facing increased housing distress during the next two years due to declining home values, [...]
