Senior housing construction activity continued to decline in the third quarter of 2011, but occupancy rates continued to recover according to NIC MAP, a data analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for senior housing properties was 88.1% during the quarter, up 0.2% from [...]
HCP, Inc. (NYSE:HCP) reported a net income applicable to shares of $166.4 million, or $0.41 per share, for the third quarter ending on Sept. 30, 2011, augmented by direct financing lease assets. This represents a nearly tenfold increase from the previous year’s $17 million, and $0.05 per share. HCP’s assets climbed 30% in the quarter [...]
Seasonal changes are in full color right now and senior living and housing professionals on the move…..are you looking for new talent? Shake our tree by posting your jobs at Senior Housing News for $50 for 60 Days. Got staffing announcements? Send them our way to movers-shakers@seniorhousingnews.com Looking for a new job in the senior [...]
The Federal Trade Commission and Department of Justice recently issued a finalized policy statement on how the agencies will enforce U.S. antitrust laws regarding new Accountable Care Organizations (ACOs), which offer healthcare services jointly to reduce costs and improve quality of patient care. The statement is meant to help providers form procompetitive ACOs that benefit [...]
Two Democratic senators have introduced legislation that would strengthen protections for seniors against abuse and fraud perpetrated by court-appointed guardians and conservators. The Guardian Accountability and Senior Protection Act would protect seniors and persons with disabilities from neglet and financial exploitation by improving oversight and accountability for guardians and conservators at state and federal levels. [...]
Despite the dominance of government assisted financing and Real Estate Investment Trusts (REITs) in senior housing, more traditional balance sheet lending is coming back after the collapse of the market in 2007. While Real Capital Analytics, which tracks industry statistics, did not have specific data on the prevalance of bank financing in the market to [...]
Thanks to an “Innovative Senior Center” contract, the Services & Advocacy for GLBT Elders (SAGE) will soon launch the nation’s first full-time center for elderly lesbian, gay, bisexual and transgender residents (LGBT) in New York City, scheduled to open in January. The group was recently awarded the contract by the office of NYC’s Mayor Michael [...]
Senior Housing Properties Trust (NYSE:SNH) reported a 3rd quarter net income of $30 million, a nearly 7% increase from the previous year; however, net income per share was $0.20, down from the third quarter of 2010′s $0.22 per share. Part of last year’s net income for the period was attributable to the sale of four [...]
Equity LifeStyle Properties, Inc. (NYSE:ELS) recently closed on seven more properties for $157 million from its $1.43 billion portfolio acquisition made earlier this year. The purchase price for the closing was funded with the assumption of approximately $76 million of mortgage debt secured by the recent acquisitions and approximately $81 million in cash. The cash [...]
