On June 1, 2009, Nationwide Health Properties, Inc. (the “Company”) entered into an amendment to the Contribution Agreement (the “Amendment”) between NHP and Pacific Medical Buildings LLC, (“Pac Med”), and certain of its affiliates, that provides NHP/PMB with a right of first offer with respect to four of the six properties that were eliminated from […]

[Read more →]

Summit County Senior Citizens, Inc. released the results from its 2009 Summit County Senior Survey that was conducted in January and February 2009 that examined retirement trends in the area.  The Summit County area includes many ski resorts such as Keystone, Breckenridge, Copper Mountain and Vail.  One of the more interesting parts of the survey […]

[Read more →]

The Isle at Watermere, a Southlake, Texas assisted living community recently announced that it had reached 75% occupancy since opening less than a year ago and is looking forward to the conclusion of construction of the clubhouse and condominiums scheduled for August 2009.  Isle at Watermere, owned by Southlake Care Group LP, is part of […]

[Read more →]

Emeritus Senior Living was awarded the Assisted Living Federation of America’s (ALFA) honorable 2009 “Best of the Best” award for the company’s efforts in sales and marketing based upon the launch of its brand identity campaign.  The award recognized the company’s focus on human resources and marketing that tied together the company’s culture and allowed […]

[Read more →]

Cambridge Realty Capital Companies recently announced that it completed its first refinance using HUD’s new Lean funding process for the 83-bed (58 skilled and 25 personal care beds) Beaver Dam Nursing & Rehab Center in Beaver Dam, Kentucky.  Cambridge Chairman Jeffrey A. Davis said a $4.2 million FHA-insured loan was arranged for the owner and […]

[Read more →]

Equity Lifestyle Properties (NYSE: MHC) released an 8-K that reconfirms previously issued guidance for its net income per share (fully diluted) and funds from operations per share (fully diluted) for the year ending December 31, 2009 of $0.75 – $0.95 and $3.45 – $3.65, respectively.  As part of its filing, it released an investor […]

[Read more →]

As the world of finance continues to sputter, another area that is experiencing the “hurry up and wait” feeling is funding for not-for-profit projects.  A reader sent a story/link to the Center For Civil Society Studies at the Johns Hopkins Institute for Policy Studies that examines stalled projects from non-profits that contribute infrastructure services to […]

[Read more →]

Front Porch, California’s largest non-profit provider of senior living communities, was honored with nine awards (four Gold and five Silver) by the 2009 National Association of Home Builders (NAHB), 50+ Housing Council. The annual awards program recognized excellence and innovation in the design, development and marketing of housing for the mature market.
Two Front Porch communities, […]

[Read more →]

In one of the better examples of how the credit crisis is affecting both senior housing developers and municipalities, the News Herald in Burke County, North Carolina ran an article recently detailing Morgantown’s repurchase of land from Steven D. Bell & Company.  According to the article, the 6.8 acre parcel was sold in 2006 for […]

[Read more →]

A recent survey conducted by Horst Construction, a senior-market design and construction management firm, and Holleran Consulting, a marketing research firm specializing in the senior industry, show that the economy is affecting occupancy and retention rates for all types of senior living facilities in the Carolinas.  The findings are a result of one-on-one interviews […]

[Read more →]

Margulies Perruzzi Architects (formerly Margulies & Associates) recently announced that it has completed the design of a major expansion and renovation for the Edgewood Retirement Community in North Andover, Massachusetts.  The project is located on a rural 80-acre site and the the 12-year-old Edgewood continuing care retirement community is being expanded and renovated to include […]

[Read more →]

Lenbrook, an Atlanta premiere Continuing Care Retirement Community, is celebrating its  2009 Gold Award for the Best CCRC Common Area in this year’s Best of 50+ Housing Awards sponsored by the National Association of Home Builders’ (NAHB) 50+ Housing Council.  The award follows Lenbrook’s recent completion of a $100 million expansion, which included a 25-story […]

[Read more →]