The Senior Housing Investment Survey – Spring 2009 Edition, was provided by Senior Living Valuation Services Inc. and confirms trends that our readers are seeing in the marketplace nationwide.  The highlights of the Senior Housing Investment Survey include:

A material uptrend in overall capitalization rates for all senior housing categories from 2007 to 2009
The decline […]

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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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Thinking about attending one of the many senior housing conference during the rest of the year?  Senior Housing News is going to be attending a few and is starting a page (soon) that will be listing senior housing / senior living conference and meeting information.  Have one that you think is worthy?  Email us at […]

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It is no secret that many developers are falling short in the sales of their condos and either considering renting those units out or restructuring the whole building / project into an apartment complex.  An article in Finance and Commerce, highlights a 61-unit senior condo project was completed in 2006 called Two Rivers Condominiums that […]

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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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Rochester based not-for-profit PathStone Corporation recently celebrated the grand opening of CanalView apartments with government officials and residents, as well as the agencies and corporations that assisted in the transformation the three-acre site into a new affordable housing complex for senior citizens in the heart of the Village of Lyons.  Construction began in February 2008 […]

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Sunrise Senior Living Inc. (“Sunrise”) (NYSE:SRZ) released an 8-K on Thursday that stated it and and its wholly owned subsidiary, Trinity (collectively, the “Sunrise Parties”) had entered entered into a Settlement Agreement (the “Agreement”) with the former majority stockholders of Trinity Hospice, Inc. (“Trinity”) (collectively, the “Selling Parties”), which, among other matters, provides for the […]

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Sun Healthcare Group, Inc. ("Sun") (NasdaqGS:SUNH) is participating and presenting at the Jefferies Healthcare Conference this week and released a copy of its presentation for the general public.  The presentation gives investors an overview of its current business operations and presents some financial information from its first quarter 2009 operations.  The company reports that […]

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MGL Partners, a development firm specializing in multi-family and mixed-use development, recently announced that it has completed the closing and funding of a $41.1 million construction loan for The Carillon at Boulder Creek, a 117-unit independent living project for seniors in the heart of Boulder, Colorado. The nine-story building will be delivered fully completed by […]

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Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that the Skilled Healthcare Group expects to restate its consolidated financial statements for the quarterly and annual periods from January 1, 2006 through March 31, 2009. As a result, the Audit Committee of the Board of Directors today has concluded that investors should no longer rely on […]

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Senior Living Investment Brokerage (SLIB) announced two sales of senior living facilities in the Midwest that show senior housing inventory is moving even in the tough economic environment. Harbor House Assisted Living, constructed in 1995, was sold for $2,850,000 to a local assisted/dementia operator that hopes to capitalize on local management and efficiencies. The property […]

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Mainstreet Property Group and Trilogy Health Services recently announced a strategic agreement to develop senior care campuses in key markets throughout Indiana, Michigan and Ohio. Under this agreement, Mainstreet will underwrite and develop six to eight properties per year for Trilogy through the year 2012.  Mainstreet has already funded and developed several like properties in […]

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