The residents of Mississippi’s Hancock County celebrated the grand opening of Oak Haven Senior Apartments with Waveland Housing Authority, Centerpointe Regional Housing Development, Enterprise Community Partners, Inc., American Express Center for Community Development, and other local housing partners. The 80 unit project consists of affordable cottage style, single story duplex-homes configured as one- and two-bedroom [...]
The Ensign Group, Inc. (Nasdaq: ENSG) reported its fourth quarter earning saw its revenues and occupancy rise during the quarter to $172.8 million. The company’s same store occupancy rose 194 basis points to 83.7% for the quarter and its consolidated net income rose 24.7% to $40.5 million for the year with $11.7 million in profits [...]
Love Funding Closes $14.5 Million Refinancing for Senior Residence Complex in Pontiac, Michigan Love Funding recently announced the closing of a nonrecourse $14.5 million substantial rehabilitation loan for Oakland Senior Living, a 161-unit senior living complex in Pontiac, Michigan. For Love Funding, it was the second loan secured in as many months for property owner [...]
Health Care REIT, Inc. (NYSE:HCN) released its fourth quarter operating results on Wednesday that reflected gross revenues for the quarter of $202 million, an increase from $141 million for the same period in 2009. Net income for the quarter increased to $40.3 million from its results of $36.8 million in Q4 2009. HCN reported 2010 [...]
If someone tells you that their medication is bothering them, it may not be the side effects anymore. It very well maybe the notifications and reminders. As homes become more connected, a company called Vitality has begun offering caps that connect to the internet via cellular phone technology. Last month, the company began offering AT&T-connected [...]
Senior Living Investment Brokerage, Inc. recently completed the sale of a 97 bed Skilled Nursing facility located in Crystal Lake, Illinois. The facility, located 55 miles northwest of Chicago, was constructed in 1989 and is , the approximately 33,870 square feet and sits on 3.97 acres. The one story facility was at a 75% occupancy [...]
As falling home prices, rising food prices, inflation and retirement worries plague the minds of baby boomers and seniors, retirement communities are facing other problems: a shortage of men. That’s right. Some retirement communities have gone so far as to import Y chromosomes into their communities to keep their residents happy and for this Valentine’s [...]
The National Association of Home Builders released its year end 2010 data that shows the 55+ Housing Market Index for single-family homes dropping three points to 14 from a year ago following declines in the second and third quarters of 2010. Index numbers over 50 represent a more positive view by builders while index numbers [...]
HCP Inc. (NYSE:HCP) released its fourth quarter financial results which showed From From Operations (FFO) rising to $205 million for the quarter versus $106 million during the same period in 2009. The company’s net income rose to $136.2 million versus $26.4 million in the previous year. The results reflect HCP’s 15% increase in revenues to [...]
