Grubb & Ellis Company (NYSE: GBE) announced it facilitated the sale of a senior housing facility in Mesa, AZ. Nationwide Health Properties Inc., acquired the property from Arbor Rose Senior Care LLC and Arbor Rose LLC for $12 million. As part of the deal, Milestone Retirement Communities will take over the operations of Arbor Rose [...]
Construction is set to begin on the Berkshire-Greendale, a 90 unit senior housing complex that will be developed by General Capital Group. “Our Village leaders have been exploring and developing various options for energizing and revitalizing the 76th Street commercial area and we have been encouraged by the feedback within our community,” said Village of [...]
More than one million 20 minute sessions of Dakim BrainFitness have been completed by more than thousands of seniors said the company in a statement. The award-winning program, which has been clinically tested and shown to improve memory has been installed in more than 450 senior living communities nationwide since its introduction in 2006. “The [...]
The influx of baby boomers reaching retirement age has one senior living developer tackling the question of how it will creatively address the growing demand. Germantown, Maryland-based Asbury Communities, which provides management and support services for a system of continuing care retirement communities, says it is time to get prepared. “With an increase in home [...]
Five Star Healthcare, a division of Crump Insurance Services, Inc., is launching a new insurance program designed for Senior Living Facilities. Offered through A.M. Best A XV rated carrier, the program is targeted to senior living operations and includes both general and professional liability. This is an expansion into the for-profit assisted living/independent living category [...]
Boston Capital made an investment in a 32 unit multifamily development for seniors in Lewiston, ME. The development will feature a four-story substantial rehabilitation of an historic landmark building, the Healey Asylum, an orphanage for boys built in 1893. The building has been listed on the National Register of Historic Places since 1979. “Boston Capital’s investment [...]
Health Care REIT, Inc. (NYSE:HCN) has completed the formation of its $890 million partnership with Benchmark Senior Living. Announced in February 2011, the partnership includes 34 high quality private pay senior housing communities with an $890 million investment balance that closed effective March 28. “The Benchmark Senior Living transaction underscores Health Care REIT’s ability to [...]
Home preferences are changing, says a recent National Association of Home Builders study. Consumer hesitation may be slowing, but the housing downturn is leaving a lasting mark on what buyers want and need. The NAHB survey indicates that smaller will be better in the years ahead, with homes averaging an anticipated 2,152 square feet in [...]
Millions of retired people in the US could see any cost of living adjustment for Social Security benefits get wiped out due to rising Medicare premiums. The Associated Press is reporting that it’s the first COLA since 2009 and would leave senior without a raise for the third straight year. About 45 million people — [...]
