Many older Americans have expressed a strong desire to age in place, but instead they might get stuck in place by 2015, when more than 15.5 million Americans aged 65 and older will live in communities where public transportation service is poor or non-existent. There’s a huge senior mobility crisis threatening the Baby Boomer generation, a recent [...]
Summer’s starting to heat up with staffing changes in the senior housing industry. This week’s movers and shakers are continued proof that senior living jobs are a bright spot in the stagnant economy. Looking to upgrade your talent or replace those who’ve moved on? Posting jobs at Senior Housing News is a cost-effective means to [...]
Lennar’s (NYSE: LEN and LEN.B) net income fell 65% during the Q2 2011 compared with last year, as the company continues to manage its way through a difficult housing market. One of the nation’s largest senior housing builders, the company earned $13.8 million, or 7 cents per share, for the three months ended May 31. That [...]
A new report shows the severity of liability claims for long term care costs increased steadily from $125,000 in 2005 to $153,000 in 2010. Released by the Aon Corporation in partnership with the American Health Care Association, the study found claims severity is projected to reach $159,000 in 2011. In addition, the average annual loss [...]
Chicago based Cambridge Realty Capital Company said it’s seeing the number of requests by senior housing borrowers reach levels not seen since 2003. During May, the Cambridge said it reviewed 35 different loan origination requests totaling $613.9 million, up from $210.9 million in May 2010. “Incredibly, the dollar volume of loans processed was almost three times higher than the [...]
Wells Fargo announced it will no longer offer reverse mortgages to customers last week. The decision to close down its retail channel stems from economic uncertainty and restrictions associated with reverse mortgages that make it difficult to determine seniors’ abilities to meet the obligations of homeownership. “Home values are pretty unpredictable right now, and when [...]
Senior living community operator Arcadia Communities, based in Louisville, Ky., said it closed on the acquisition of the Trace Senior Living Community in Covington, La., for an undisclosed amount. The 77-apartment community provides independent living, assisted living, and memory care options for its residents. “We are very excited with the addition of the Trace to [...]
Greystone Healthcare Management has broken grown on the Club Health and Rehabilitation Center at The Villages in Central Florida. The community spans 51,000 sq. feet, and includes 60 private bed suites for skilled nursing and rehabilitation. “We listened closely to our clientele, staff, physicians and healthcare partners in designing The Club, incorporating the best ideas [...]
The decision by the Department of Housing and Urban Development to add additional staff to speed up the application process for its Section 232 program was welcomed by the senior housing industry, but the support didn’t come easily. In fact, obtaining the support of the agency has been a work in progress as far back [...]
