As the number of aging baby boomers continues to grow, interest in the Health Care Real Estate Investment Trusts (REIT) continues to soar according to data from SNL Financial. Among all REITs, the health care sector has traded at the largest premium to net asset value (NAV) for the past 12 months, with a current [...]
As a growing number of Americans enter their golden years, builders are anticipating a new demand for senior housing. But what kind of residence they’re looking for and how they will pay for it have yet to be figured out. “There almost has been an overbuilding in anticipation of this market,” said Tim Underwood, an [...]
Boston Capital invested an undisclosed amount in two affordable communities for active seniors in Maryland last week. Both buildings require residents to be 62 or older and earning 60 percent or less of the area median incomes. The company’s first investment is in the rehabilitation of Park View at Rosedale Apartments, a 109-unit affordable apartment community [...]
Forty-four percent of baby boomers express little or no faith they’ll have enough money to retire, a recent poll says. And one in four who are still working say they’ll never retire. The Associated Press-LifeGoesStrong.com poll states that many baby boomers, while they are starting to retire, are agonizing about finances and expect they will [...]
The average annual cost of care for a private room in a nursing home increased to $85,775 per year, up 3.5% from the previous year according to a study from John Hancock Financial. Its findings revealed that the national average annual cost of care in the US is $75,555 for a semi-private room in a [...]
Let’s hope April showers bring May flowers but for this week’s movers and shakers, everything’s coming up roses. Are you looking to hire top talent in the senior housing industry? Check out SHN’s job board where job postings are $50 for 60 days. Quite a bargain considering our job board is syndicated through Simply Hired with over [...]
Advocat (Nasdaq:AVCA) has entered into an agreement with Omega Healthcare Investors, Inc. (NYSE:OHI) that provides it with $5 million in financing for capital improvements to four nursing centers it leases from Omega. Advocat provides a broad range of long-term care services to the elderly including skilled nursing and ancillary health care services through 46 nursing centers in [...]
Grubb & Ellis Healthcare REIT II announced it has acquired three different buildings, the Yuma Skilled Nursing Facility in Yuma, Ariz., Hardy Oak Medical Building in San Antonio, and Lakewood Ranch Medical Office Building in Bradenton, Fla. “The acquisition of these properties was attractive to Grubb & Ellis Healthcare REIT II due to their proximity to [...]
Standard and Poor’s said it has a neutral fundamental outlook on the specialized REITs industry —real estate investment trusts in diverse categories including lodging, health care, self storage, and specialty. Financing could be an issue for the smaller players according to the company’s analyst. “We see restrictive bank lending forcing many smaller players from the [...]
