A recent Sun Life Financial survey found that a growing number of Americans aged 50 and older are concerned about future long term care, Sun Life Financial Inc. recently revealed. This prompted the corporation to introduce Sun Care Whole Life (WL), which it describes as a single premium whole life insurance policy with a linked benefit [...]
The United States’ 1.2 million public housing units need an estimated $25.6 billion for large scale repairs, including public senior housing units, says a recent Department of Housing and Urban Development study. The study, titled “Capital Needs in the Public Housing Program,” updates an analysis from 1998 to estimate the current capital needs in U.S. [...]
Many Americans are choosing alternatives to nursing homes as they get older, which means that nursing homes are getting smaller, and the demographics are starting to shift. A new study shows that Hispanic, Asian, and African-American presence in nursing homes has increased significantly in the past decade or so, while the number of Caucasians has [...]
Soon, it might not be necessary to visit Grandma and Grandpa to hear stories about when they were kids, as what may be the next “big thing” in social networking has just been launched. Aimed at enabling friends and family to stay connected while preserving and sharing memories, Proust is an interactive website that allows [...]
National Health Investors, Inc. (NH) recently announced that it will be funding a second mortgage for the development and construction of Brentwood at Fore Ranch, an assisted living and memory care community in Ocala, Florida. The three-year loan, which is for $2.5 million, will be fully funded at closing with an annual interest rate of [...]
Senior Care Inc. is expanding its assisted living business into Kentucky with with the purchase of two communities from Louisville-based Ethos Assisted Living for more than $23 million according to BizJournals. The two communities are based in Florence and Mount Washington. The Mount Washington property will be operated as Elmcroft of Mount Washington. The 68-bed community, [...]
Despite an improvement in occupancy rates for senior housing during the first quarter of 2011, a full upturn in all areas of the marketplace are still a few quarters away, says a report from real estate investment services company Marcus & Millichap (M&M). With healthcare-oriented real estate operations stabilizing and a large number of baby boomers [...]
Equity LifeStyle Properties, Inc. (NYSE: ELS) announced its results for the quarter ending June 30, 2011that shows net income available to common stockholders totaled $6.8 million for the quarter compared to $6.0 million for the same period in 2010. ELS had Funds From Operations (“FFO”) of $27.3 million for the quarter compared to $27.1 million for [...]
Lifespace Communities has acquired Fairview Village, a Continuing Care Retirement Community (CCRC) located in Downers Grove, IL. The community joins Lifespace’s other 11 locations that span across seven states. Expected to close on August 1, the community will receive a new name. “Following a detailed analysis, we determined that it just made sense within our [...]
