Standard & Poor’s released its S&P/Case-Shiller Home Price Indices for April 2009 and the data showed the home price values continue to decline in year over year numbers but the pace of the declines has slowed slightly.  The 10-City and 20-City Composites declined 18.0% and 18.1%, respectively, in April compared to the same month in […]

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As unemployment figures creep towards double digit numbers, seniors who are now finding themselves unemployed or under-employed are adding fuel to the next wave of foreclosures.  These seniors facing job cuts or reduced hours are putting a further strain on the already tenuous housing market.  While the Obama administration’s efforts to stem the tide […]

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Skilled Healthcare Group, Inc. (NYSE: SKH) announced the completion of its special investigation relating to the understatements of its accounts receivable reserves in its financial statements for the periods January 1, 2006 through March 31, 2009. Skilled Healthcare has completed the restatement of its consolidated financial statements for the three years ended December 31, […]

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Cornelia C. Hodgson, the architect leading the senior living studio of design for national architecture firm Dorsky Hodgson Parrish Yue (DHPY), has been appointed to the International Council on Active Aging’s (ICAA) Visioning Board. Hodgson is a committed advocate for the use of innovative design in improving environments for seniors, with particular thought for […]

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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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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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The U.S. Census Bureau released a report earlier this week that shows that the world’s 65-and-older population is projected to triple by midcentury, from 516 million in 2009 to 1.53 billion in 2050. In contrast, the population under 15 is expected to increase by only 6 percent during the same period, from 1.83 billion to […]

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Canada Mortgage and Housing Corporation (CMHC) launched its new National Seniors’ Housing Survey this week that provides information collected from facilities in all provinces on vacancy rates and rents in seniors’ residences with services not offered in traditional rental structures.  Vacancy rates varied considerably across the country, from a low of 3.4 per cent in […]

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Earlier this month, Comptroller of the Currency, John C. Dugan warned that reverse mortgages pose significant compliance risks and said regulators should get out in front of this issue, before real problems develop, so that these loans are made “in a way that is prudent for both lenders and borrowers.”  This statement has brought up […]

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Ingleside at King Farm, a $175 million planned community in Rockville, Maryland covering 14 acres, celebrated its grand opening last month.  The facility is located near the DC metropolitan area and provides a wide variety of senior apartments to fit a variety of needs and includes 10 different floor plans and has a total […]

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The Washington, D.C.-based Affordable Housing Tax Credit Coalition recently honored The Meadows, a Rhode Island affordable housing development designed to meet the needs of low-income seniors, with the Charles L. Edson Tax Credit Excellence Award for senior housing.
The $20 million, 80-unit project involves the new construction of a two-story building offering one- and two-bedroom […]

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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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