A MetLife Mature Market Institute study shows caregivers, who increasingly belong to the Baby Boomer generation, lose an estimated $3 trillion in wages, pension, and Social Security benefits as a result of missing work to care for aging parents. The MetLife Study of Caregiving Costs to Working Caregivers says this can affect caregivers’ wellbeing and may [...]
In a move that shocked many, AARP said on Friday that it’s willing to support cuts in Social Security over the “the long term” to shore up the program’s finances while stressing its opposition to any benefit changes as part of current efforts to slash the federal debt. “We are open to talking about different options [...]
National Church Residences (NCR) recently began construction on its second senior facility, Avondale Senior Village, located in Dublin, Ohio. Upon its expected completion in late 2012, the affordable housing community will consist of 50 one-bedroom apartments and 50 two-bedroom apartments, for a total of 100 units. “National Church Residences is excited to bring yet another [...]
With so many large REIT’s in the senior housing space, the government sponsored entities (GSEs) are being forced to re-think their approach to the sector reports Multifamily Executive. According to Real Capital Analytics, data shows there have been $22.6 billion in closed and in-contract deals in senior housing so far this year. The majority of [...]
Hunt Midwest Real Estate Development, Inc. is getting ready to build at least four new senior living centers in the Kansas City Metro area. In May, the company broke ground on Benton House at Shoal Creek, an 80-bed assisted living facility located in the Benson Place master-planned residential community in Kansas City’s Northland. This summer, Hunt plans to [...]
Oxford Finance, a specialty finance firm that provides senior debt to life science and healthcare services companies, today announced that it closed a $1.5 million credit facility with American Senior Living Communities (ASLC). The line of credit will be used to fund ongoing operations and provide working capital for an acquired skilled nursing facility in [...]
HCP (NYSE:HCP) said it has been recognized by the U.S. Environmental Protection Agency as the leader in ENERGY STAR certifications for their medical office building category. “Currently there are 92 medical office buildings that have been awarded ENERGY STAR certifications and HCP owns and operates 22 of them, which represents the most certifications in this [...]
A new Gallup poll shows that two-thirds of Americans worry they will not have enough money for retirement, making it their top concern out of eight possible financial items. This represents a 13% increase in a 10-year period. In 2001, Americans’ top three concerns were related to retirement security, having enough funds in the event of [...]
The Illinois Housing Development Authority (IHDA) announced the opening Shorewood Horizon Senior Living Community in Will County. IHDA financed the 51 new apartments with $5.5 million in federal American Recovery and Reinvestment Act, federal HOME funds and other federal and state resources on behalf of the administration. Federal Housing tax credits from IHDA provided an additional [...]
