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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As businesses struggle and seniors are postponing making the moves to move out of their primary residences, home care services catering to the aging population are experiencing some growth as of the result of the broader economic challenges.  The National Private Duty Association recently conducted an economic outlook survey of its members and found that […]

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Summit County Senior Citizens, Inc. released the results from its 2009 Summit County Senior Survey that was conducted in January and February 2009 that examined retirement trends in the area.  The Summit County area includes many ski resorts such as Keystone, Breckenridge, Copper Mountain and Vail.  One of the more interesting parts of the survey […]

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Reverse mortgage endorsements for the month of May were 8,396, bringing the total number of endorsements to 50,261 units for the year, down from 11,660 in April.  While down sharply from the previous months, overall endorsement volume for the year is still trending 2.1% above last year’s levels.  Wells Fargo, Bank of America and Financial […]

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Home prices in the United States continued their downward spiral in March according to the S&P Case-Shiller home-price indexes.  The S&P/Case-Shiller U.S. National Home Price Index posted a 19.1% drop from a year earlier, the biggest quarterly decline for the reading’s 21-year history.  With this move down, home prices are now at price levels that […]

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Last week, various government leaders from the state of Hawaii celebrated a dedication ceremony for a new 60-unit senior rental housing project in Kapolei and helped break ground on a second project that will provide 20 more affordable rental units for kupuna in West O`ahu. The rental units are targeted at seniors whose incomes are […]

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Are seniors still worried about selling their homes and moving into senior housing because of declining home values?  You betcha with numbers like these…  According to the latest figures released by Zillow, the statistics show that 21.9 percent of all American homeowners have negative equity at the end of the 1st quarter.  This is […]

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New York state’s Division of Housing and Community Renewal (DHCR) announced the results of a Statewide Affordable Housing Needs Study. The report was the result of an outreach to gather first-hand information from local leaders and housing professionals who best understand the housing and community development needs of their own communities.  The study started in […]

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Silver Sage Village in Boulder, Colorado received a great write up in the USA Today as part of its series that is examining “Role Reversal:  Your Aging Parents and You”.  The article discusses the background of senior co-housing in the United States and quotes notable senior co-housing author and architect Charles Durrett.  While the […]

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The Centers for Medicare and Medicaid Services surprised nursing home operators late last week when it proposed changes to their programs that would reduce Medicare payments by $1 billion in fiscal 2010.  The cut takes into account a 3.3% reduction in payments based on changes to CMS payments to skilled nursing facilities for some patients […]

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A recent study by the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute (MMI) shows that Baby Boomers prefer to age in place but many are choosing to move to retirement communities that are better designed to meet their needs.  The NAHB considers this an important fact as that generation will […]

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Sunrise Senior Living, Inc. (NYSE: SRZ) announced it has entered into a twelfth amendment to its Bank Credit Facility, which eliminates all financial covenants, except a minimum liquidity covenant, through the December 2, 2009 maturity date.  In addition to eliminating all financial covenants, except for a minimum liquidity test, the twelfth amendment relieves Sunrise’s […]

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