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 presentation […]
Category: Development
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 […]
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 […]
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 […]
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 with […]
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 […]
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 […]
SEASONS at Compton, an 84-unit affordable rental community that blends limited-income seniors, adults with developmental disabilities, and seniors who care for dependents with developmentally disabilities, was recently awarded a $350,000 grant from the Weingart Foundation and a Gold Award from the National Association of Home Builders (NAHB) 50+ Housing Council. LINC Housing Corporation, a Long […]
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services and assisted living companies, reported record results earlier this month for the first quarter of fiscal year 2009. The company reported total revenue of $130.3 million, a 14% increase from the same period in 2008 and […]
The Alaska Housing Finance corporation (AHFC) announced that the AHFC board Tuesday approved loans totaling $1.5 million for the project known as Eklutna Estates Senior Housing that consists of a four-story, fifty-nine new units of affordable senior housing jn Anchorage. The housing project will be located on Centennial Circle, approximately 3-1/2 miles northeast of the […]
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