Emeritus Corporation (NYSE: ESC) announced this week that they have entered into a non-binding letter of intent to lease 26 senior living communities from HCP as part of the Sunrise / HCP restructure and settlement agreement. Emeritus will lease the facilities for an initial term of 15 years with two available extension options of 10 [...]
Entries Tagged as 'Senior housing'
Emeritus Announces Intent to Lease 26 Senior Living Communities From HCP
September 1st, 2010 · No Comments
Tags: Management & Operators · Senior Housing Communities · Senior housing
Sunrise Senior Living, HCP Announce Settlement & Restructuring Agreement
August 31st, 2010 · No Comments
Sunrise Senior Living, Inc. (NYSE: SRZ) has entered into a settlement and restructuring agreement with HCP (NYSE:HCP) to transition Sunrise from management of 27 HCP-owned senior living communities for an aggregate cash payment of $50 million to Sunrise, and to settle the lawsuits between the Company and HCP pending in Virginia and Delaware. HCP paid [...]
Tags: Senior Housing Stocks · Senior Living · Senior housing
Plans For Lower Cost Reverse Mortgage Product Announced by FHA
August 30th, 2010 · No Comments
In an effort to combat fears over the costs of reverse mortgage, FHA is proposing a variation of the traditional reverse mortgage product aimed at seniors looking for options to access home equity with lower costs. The proposed HECM Saver will have a upfront mortgage insurance premium (MIP) of .01% of the maximum claim amount [...]
Tags: Real Estate · Reverse Mortgages · Senior housing
Average Closing Costs For Mortgages in 2010 Up 36%
August 29th, 2010 · No Comments
Financial reform was touted as a way to further protect consumers but it appears that those protections are coming through as increased costs for mortgage transactions. According to Bankrate’s 2010 Closing Cost Survey, closing costs are on the rise. The study found the average origination and title fees on a $200,000 mortgage in 2010 totaled [...]
Tags: Real Estate · Senior Housing Finance · Senior housing
U.S. Housing Survey Shows Common Housing Characteristics & Lifestyle Choices for 2009
August 26th, 2010 · No Comments
The 2009 American Housing Survey, recently released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, provides detailed information on the characteristics of the nation’s current housing profile. The survey covered a wide range of housing and lifestyle topics and some of the highlights include:
Tags: Senior Housing Developers · Senior housing
Woe Is Housing, Existing Home Sales Plummet
August 24th, 2010 · No Comments
The housing market can’t seem to catch a break. The existing-home sales numbers were sharply lower in July according the National Association of Realtors®. The number of sales dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent [...]
Tags: Senior Housing Sales · Senior housing
Holy Family Senior Apartments Conversion Breaks Ground in Buffalo, New York
August 24th, 2010 · No Comments
Holy Family Senior Apartments in Buffalo, New York recently celebrated its groundbreaking marking the start of its conversion from a former Catholic elementary school. The three-story building will be rehabilitated and transformed into 35 affordable, energy-efficient apartments and is being sponsored by the Diocese of Buffalo and developed by Delta Development of WNY, Inc. and [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior housing
New Data Shows Assisted Living Occupancy, Senior Housing Construction Starts Warm Up
August 17th, 2010 · Comments Off
New data released by NIC MAP for second quarter 2010 shows that senior housing occupancy rates fell for independent living and rose for assisted living. Occupancy rate stabilization has improved because of a return to positive absorption rates with a reading of 1.7% in second quarter 2010. The data also showed a rise in trailing-twelve [...]
Tags: Senior Housing Developers · Senior housing
Homebuilder Confidence Plummets For Broader Market and 55+ Segment
August 16th, 2010 · Comments Off
The latest data released by the National Association of Homebuilders (NAHB) shows that builder confidence for both newly constructed single family homes and the 55+ market segments continues to be weak. The NAHB Housing Market Index (HMI) for the broader market decreased to its lowest level since March 2009 and the mature-market housing index for [...]
Tags: Real Estate · Senior Housing Developers · Senior housing
Kandu Capital Acquires Two Indiana Assisted Living Facilities
August 15th, 2010 · Comments Off
Kandu Capital, LLC, along with its operating company, Bloomfield Senior Living, recently announced the acquisition of two assisted living facilities located in Indianapolis, Indiana. Kandu acquired Autumn Glen and Autumn Park as part of a 363 bankruptcy sale from estate of Sunwest Management. These purchases are Kandu’s third and fourth transaction in the past 7 [...]
Tags: Senior Housing Sales · Senior housing
Senior Homeowners Look to New Initiatives For Solutions To Weak Housing Market
August 15th, 2010 · Comments Off
The Obama Administration is putting a full court press on public relations for housing reform as it announced last week a series of new initiatives to help troubled homeowners and a new web site to assist distressed homeowners just before it convenes a summit on ideas for restructuring residential housing finance. Last week, the U.S. [...]
Tags: Commentary & Editorials · Real Estate · Senior housing
Data Shows Baby Boomers Driving Reverse Mortgage Volumes In Recent Months
August 11th, 2010 · Comments Off
Who says Boomers aren’t interested in reverse mortgages? The reverse mortgage industry is seeing trends that show the typical age of a reverse mortgage borrower decline more rapidly than in previous years. Historically, the average age of reverse mortgage borrowers has trended lower over the years since the inception of the program but that trend [...]
Tags: Reverse Mortgages · Senior housing






