The U.S. Environmental Protection Agency recently recognized Mercy Housing California and the San Francisco Housing Authority for innovative approaches to development that expand economic opportunity and protect public health and the environment.  Mercy Housing California and the San Francisco Housing Authority received the 2008 National Award for Smart Growth Achievement for the category of Equitable […]

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Emeritus, a publicly traded assisted living facility operator, posted a $23.1 Million dollar loss in the 3rd quarter as revenues slightly increased but costs to run its operations increased.  The $4.2 million increase in operating expenses was primarily the result of an increase of $2.0 million in utilities costs and $1.9 million in labor expenses. […]

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Capital Senior Living Corporation (NYSE:CSU) reported earning of $1.2 million dollars of net income for the fiscal third quarter.   Operating expenses increased by $1.0 million or 4 percent from the third quarter of 2007. As a percentage of resident and healthcare revenues, operating expenses were 63.2 percent. Food costs in the third quarter of 2008 […]

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Serena Senior Care, a leading Assisted Living and health management services company in Baja California Mexico, announces new services that allow American retirees living in Baja to fully enjoy their retirement, giving them peace of mind and quality of life.  The company opened its doors in spring of this year offering high quality assisted living, […]

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Last week, Senior Housing Properties Trust announced its third quarter earnings showing that net income was $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008, compared to net income of $20.6 million, or $0.25 per share, for the quarter ended September 30, 2007.  The results include the gain on sale of […]

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Forbes Magazine and CFO.com both recently ran stories that painted a bleak picture for the outlook of Sunrise Senior Living (SRZ).  Sunrise recently reported a $68.7 million third-quarter loss and that it does not expect to meet certain financial covenants before they come due at the end of 2008.  The company is trying to refinance […]

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