Why is it so difficult to attract capital in the senior housing industry?  Clearly it’s not the demographics, the demand or the oversupply of new product.  It’s the competition that the capital faces.  Many investors are waiting for the bigger, better deal with greater returns with other opportunities on the horizon.  When speaking with private [...]

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Promenade Senior Living recently announced the acquisition of the senior residence in Tuxedo, New York, which will now be known as The Promenade at Tuxedo Place. This senior living community, located in the historic town of Tuxedo and expands Promenade Senior Living’s presence into Orange County. The Promenade at Tuxedo Place consists of 90,000 square [...]

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Dallas-based Faulkner Design Group, an integrated interior architecture and design firm with a specialty in senior housing interior design, announced that it has been retained to provide the interior design and planning for the expansion of Westminster Manor in Austin, Texas.  Westminster Manor, a senior living provider in Austin with more than 40 years [...]

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The National Investment Center for the Seniors Housing & Care Industry (NIC) data for the third quarter of 2009 showed that occupancy rates in independent living and assisted living remained relatively flat and that rent growth and construction starts slowed, suggesting that seniors housing occupancy may be reaching bottom. NIC’s research data showed some of [...]

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The National Investment Center for the Seniors Housing & Care Industry (NIC) announced that there are now over 600 industry operators, financiers, association heads and government representatives in the skilled nursing sector currently registered for NIC’s new event, the National Skilled Nursing Investment Forum.  NIC is expecting the event to sell out soon and it [...]

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Ecumen announced last week that it is expanding in the Twin cities with the ground breaking of its second senior housing community in Apple Valley and that it will manage The Seasons at Maplewood.  The $27 million Apple Valley community is anticipated to open in early 2011 and the 220,500 square foot community will have [...]

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Terraces on Tulane, a newly constructed senior housing community in New Orleans, Louisiana, is celebrating its re-opening after the former facility was badly damaged by Hurricane Katrina.  The Terraces on Tulane replaces Forest Towers, badly damaged by Katrina, and is a 200-unit community for low-income seniors  and is operated by Volunteers of America (VOA).  The [...]

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The Del Webb division of Pulte Homes recently announced a “preview” of the results of its 2010 Del Webb Baby Boomer Survey.  In late 2009, Pulte Homes conducted a survey among different baby boomer populations that were at the company’s own facilities.  The survey included input from younger boomers turning age 50 in 2010 and [...]

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Will senior and baby boomer homeowners choose to remodel in 2010 rather than making a move?  A recently released report by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University shows that homeowner improvement spending is likely to reach a cyclical bottom in the current quarter and steadily increase through [...]

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Presbyterian Homes & Services’ future senior living development in Eden Prairie, has received a grant for $848,300 from Livable Communities of the Metropolitan Council of Minnesota. The grant is for design and engineering, street realignment and storm water management improvements. The 21-acre mixed-use residential, commercial and retail development includes 372 units that will offer a [...]

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West Living, LLC announced the acquisition of McDowell Village, a 197-unit independent living community in Scottsdale, Arizona and Castle Hill Retirement Village, a 146-unit independent and assisted living community in Thousand Oaks, California. The all-cash transactions mark the entry of West Living into the ownership of senior living operating properties. The Company is currently developing [...]

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St. Louis-area-based Paric is set to begin a $4.6 million renovation project of an existing skilled nursing facility at the Village of St. Mary’s “Villa Theresa” Continuum of Care Retirement Community (CCRC) in O’Fallon, Missouri. The 51,000-square-foot skilled nursing facility renovation is expected to begin in February, with an estimated 10-month timeline for completion. Phase [...]

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