CRL Senior Living Communities Begins Offering Discounts Through New Corporate Partnership Program CRL Senior Living Communities recently announced a new Corporate Partnership Program that will allow companies to offer a family discount on long-term care as a benefit to their employees. Seniors who are directly related to an employee at a participating business will be [...]
Kindred Healthcare, Inc. ("Kindred") (NYSE:KND) and RehabCare Group, Inc. ("RehabCare") (NYSE:RHB) announced the signing of a definitive merger agreement earlier this week where Kindred will acquire RehabCare. The combination will create a post-acute healthcare services company in the United States with over $6 billion in annual revenues and operations in 46 states. The combined company [...]
Representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA) and other community leaders recently celebrated the completion of Conifer Village, an affordable senior housing community in Cape May County. Conifer Village is a new, three-story building that features 63 one-bedroom units and 27 two-bedroom units as well as a community room, exercise room, [...]
As more seniors opt to live closer to their alma-mater or various college towns across America, new concepts are arising on how those seniors will interact with the students on campus. According to a WSJ article this week entitled, “Making Sure Athletes Go to Class”, the University of Kansas has tapped a group of local [...]
How does the aging population affect your city’s economic future? It is a great question and Crain’s Chicago Business ran an excellent story examining how Chicago’s senior population will affect business opportunities for the next 20-30 years. The article, “The Graying of Chicago”, is a great example of how cities may want to look at [...]
Huntington Bank (Nasdaq: HBAN) joined with the Ohio Capital Corporation for Housing last month to celebrate the recent groundbreaking of a $12 million, new senior community in Central Ohio. Columbus Housing Partnership is developing the new 98-unit independent senior living community in Southeastern Columbus known as Elim Manor. The 98-unit complex, which will offer support [...]
AEGON USA Realty Advisors, LLC has announced the start of their management of a Low-Income Housing Tax Credit fund (Garnet LIHTC Fund XXV, LLC, “Fund”) for Google Inc. (“Google”) The first tranche of the Fund closed January 28, 2011 and includes a $28 million investment in two low-income housing developments in Minneapolis, MN (Riverside Plaza [...]
What is the state of senior housing design? The Perkins Eastman Research Collaborative, an arm of architecture firm Perkins Eastman, recently released "Design for Aging Review—10 Insights and Innovations: The State of Senior Housing." The 250 page report, produced together with the 2010 American Institute of Architects (AIA) Design for Aging (DFA) Knowledge Community, examines [...]
Brookdale Senior Living Inc. (NYSE: BKD) released preliminary community performance information last week that showed its average unit occupancy for the fourth quarter of 2010 increased 10 basis points to 87.5% from the third quarter of 2010 and increased 90 basis points from the fourth quarter of 2009. The data showed revenue growth of 3.9%, [...]
