Cambridge Realty Capital Sees Loan Requests Topping $3.72 Billion in 2010 Cambridge Realty Capital Companies recently announced that it processed 267 loan origination requests in 2010 totaling $3.72 billion, or slightly fewer than last year when the company reviewed 298 loan requests totaling $4.0 billion. “Loan origination request volume remained strong but Cambridge was forced [...]
Reverse mortgages took it on the chin in 2011. During the year, reverse mortgages volumes have suffered as a result of the continuation of declining home prices, regulatory changes and headline risk associated with high costs and stories where seniors have been taken advantage of as part of the process. Final numbers released from Reverse [...]
Skilled nursing care is an expensive component of long term care and a new report recently released finds that Medicaid programs in states across the country are underfunded nursing facility care by $5.6 billion in 2010. A Report on Shortfalls in Medicaid Funding For Nursing Home Care, authored for the American Health Care Association (AHCA) [...]
Short week with MLK Day and plenty of announcements with much more rolling into next week. Send us your staffing news to share with the world at mover-shakers@seniorhousingnews.com. Fox Run Names Deborah Nussbaum as Director of Nursing For its Renaissance Gardens in Novi, Michigan Fox Run has named Deborah Nussbaum Director of Nursing for [...]
HCP (NYSE:HCP) announced Thursday that it has priced $2.4 billion in senior unsecured notes to be used as part of the cash consideration for its previously announced HCR ManorCare acquisition. The offering, which is expected to close on Monday, January 24, 2011, will have a weighted average maturity of 10.3 years and a weighted average [...]
Ecumen has announced that it plans to develop senior housing in a new multi-generational community in the Memphis, Tennessee area with Edward Rose. The plan is to develop and manage 140 senior housing apartments in the new community project known as Irene Woods. The project will have 80 units designated as independent living, 30 as [...]
As the home mortgage market for new homes continues to be strained, a new report by the Joint Center for Housing Studies at Harvard University is predicting home improvement in 2011 to start on a new bull run. The report notes that remodeling expenditures will shift from high-end, discretionary projects to replacements and systems upgrades. [...]
Rockbridge Growth Equity, LLC (RGE) recently announced it has led the acquisition of Connect America LLC, a provider of personal emergency response systems. The acquisition was done together by Rockbridge and Falcon Investment Advisors, LLC who provided subordinated debt and preferred equity financing for the transaction. Connect America, which was founded in 2004, serves almost [...]
The need for caregivers to stay connected to love ones and service providers for knowledge and support continues to be critical according to a new study by the National Alliance for Caregiving and UnitedHealthcare, a UnitedHealth Group (NYSE: UNH). The study finds that the cost of uncompensated caregiving is approaching $375 billion dollars annually and [...]
