HCP (NYSE:HCP) announced today that it has filed complaints Sunrise Senior Living, Inc. (NYSE:SRZ) and its subsidiaries (“Sunrise”) based on Sunrise’s defaults under management and related agreements covering 64 HCP-owned properties operated by Sunrise. The complaints, filed in the Delaware Chancery Court on June 29, 2009, allege, among other things, that Sunrise systematically breached […]

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Ashford Landing, a 117-unit mid-rise affordable apartment development for independent seniors, celebrated its grand opening last week in Atlanta, Georgia.  The opening represents the second phase of a multi-phase redevelopment of a new mixed-use community, Brookleigh, on the site of the former Johnson Ferry East public housing project in north DeKalb County.  When the […]

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By Design Solutions, a company that provides marketing and management services to the senior housing industry, recently announced the launch of its Online Sales Tools.  The marketing solution, designed exclusively for budget-conscious retirement communities, provides professionally produced marketing materials through a low-cost monthly subscription service.  A subscriber has the opportunity to get exclusive rights to […]

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Last month the Colorado Association of Homes and Services for the Aging named nine winners for the association’s fifth annual Quality First Awards. Quality First is a voluntary program that senior living communities nationwide are undertaking to build excellence in aging services. CAHSA, a leading organization in Colorado for senior housing and care, has […]

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Equity LifeStyle Properties, Inc. (NYSE: ELS) (the “Company” or “ELS”) announced on Monday that it has commenced an underwritten public offering of 4,000,000 shares of common stock and announced commitments for mortgages on four manufactured home properties. ELS, which is a fully integrated owner and operator of lifestyle-oriented properties,  intends to use the net […]

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HCP (NYSE:HCP) announced that the management agreements on 15 communities operated by Sunrise Senior Living (NYSE:SRZ), Inc. or its subsidiaries (“Sunrise”) have been terminated effective October 1, 2009, for Sunrise’s failure to achieve certain performance thresholds.  HCP expects to transition these facilities to new operators during the second half of 2009, reducing the Sunrise-managed […]

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The Federal Home Loan Bank of San Francisco awarded $30.3 million in Affordable Housing Program (AHP) grants in the first round of the 2009 competition earlier this month. The AHP grants, awarded to 42 projects that address the unique needs of individual communities, will produce 2,558 affordable housing units in Arizona, California, Illinois, Nevada, […]

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Paric, The Stratford Companies and The Lawrence Group have been jointly celebrating their achievement of winning a Silver award for the “Best Large Continuing Care Retirement Community” category in this year’s “Best of 50+ Housing Awards,” presented by the National Association of Home Builders’ 50+ Housing Council.  The winning project, the Stratford at WestClay in […]

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Frustrated with your information technology (IT) department?  Most likely the answer is yes but what if your job was running the IT department for Erickson Retirement Communities which includes 23 communities in 12 states serving over 21,000 seniors and the support staff associated with the entire company?  If you’re interested in learning about the technology […]

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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 […]

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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 […]

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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 […]

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