HCP (the “Company”) (NYSE:HCP) announced results for the quarter ended March 31, 2009 that showed funds from operations (“FFO”) applicable to common shares was $128.0 million, or $0.50 per diluted share, for the quarter ended March 31, 2009, compared to FFO applicable to common shares of $121.5 million, or $0.56 per diluted share, in the […]

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Home prices fell sharply in February, but for the first time in 16 months the annual pace of deterioration slowed.  The Standard & Poor’s/Case-Shiller index measuring home prices across 20 major cities declined 18.6% in February from a year earlier. The movement marked a slight improvement from January’s 19% annual decline, but half of the […]

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A recent study published in the Journal of the American Medical Directors Association, showed that Hispanic nursing home patients are more likely than their white counterparts to develop bedsores or pressure ulcers.  The research was conducted by a professor at Brown University’s Warren Alpert Medical School and analyzed data on over 74,000 urban nursing home […]

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Brotman Medical Center (Brotman) in Los Angeles announced that it officially exited from Chapter 11 Bankruptcy Protection earlier this week as part of a broad restructuring over the last 18 months.  The 420-bed acute care hospital that offers a wide range of inpatient and outpatient acute care services located in Culver City, California, also announced […]

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Last week, Pulte Homes announced in a $1.3 billion all stock acquisition of Centex homes.  Pulte, which has an extensive Active Adult Community portfolio through its DelWebb brand, sees the merger creating opportunities for “move ups” from Centex’s more entry level products into Pulte’s DelWebb communities.
 
Homebuilders are a large part of the senior […]

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Golf season is starting to get into full swing with the Masters this weekend (pun intended) and the Wall Street Journal ran a good story on behavior therapy at Silverado Senior Living home in Belmont, California. 

The story, “Memories Slip, but Golf Is Forever”, talks about the use of golf or other activities such […]

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Donald P. Jacobs, AIA, president of JZMK Partners in Irvine, Calif., and a longtime architect with the Sea Ranch, has been elected to the College of Fellows of the American Institute of Architects – one of the most prestigious honors in the field of architecture.  According to the AIA, elevation to the College of Fellows […]

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AF Evans Co., Inc. announced earlier this month that it has filed voluntary Petition for Relief under Chapter 11 of the United States Bankruptcy Code. The goal of the filing is to implement a reorganization of finances to enable the company to return to profitability. According to the company’s statement, AF Evans Co.(AFECo) is filing […]

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Last month, the Federal Home Loan Bank of San Francisco announced the second portion of its 2008 affordable housing grants that will provide housing units in Arizona, California and Nevada.  Grants from the FHLBank San Francisco’s AHP include $2.89 million for projects in the Oakland area congressional district of Rep. Barbara Lee (CA-9th), who […]

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Last month, the Community Housing Partnership (CHP) and Tenderloin Neighborhood Development Corporation celebrated the groundbreaking of Zygmunt Arendt House, CHP’s first housing development to exclusively serve senior citizens. When opened in early 2010, the $16 million Zygmunt Arendt House will serve as a home for 47 formerly homeless seniors in San Francisco’s NoPa neighborhood.  According […]

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As consumers complain about the government bailing out wall street, is “bail out nation” heading towards the senior housing market.  An interesting article in the San Jose Mercury News entitled, San Jose developers want $603K for project that won’t likely start until 2013, discusses a request from a pair of senior housing developers for funds […]

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The U.S. Department of Housing and Urban Development (HUD) recently announced the addition of the Home Equity Conversion Mortgage (HECM) for purchase. As part of the Housing and Economic Recovery Act of 2008,  approved lenders now may offer senior home buyers a reverse mortgage to aid in the purchase of a new property.  Traditional reverse […]

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