As the market for residential real estate continues to be dismal, should we look at the flip side of the coin for those seniors who are beginning to examine retirement locations? Putting aside the sale of their current residence, could the most popular places for retirement such as California, Florida and Nevada be some of […]
Category: Senior Housing
Two senior housing projects are looking to cater to the luxury market for seniors on the Front Range in Denver, Colorado. The goal is to provide a high-end, low maintenance lifestyle with nearby assistance if they need it. The two projects, the Stratford at FlatIrons in Broomfield, CO, and the Balfour Cosmopolitan Club in downtown […]
US News & World Report journalist Emily Brandon wrote about San Diego, CA based Equity Key’s product which can be used as an alternative to a reverse mortgage. Equity Key’s product will provide a cash advance on a house in exchange for the right to share in the homes future appreciation. A typical borrower is […]
A national task force from the American Association of Homes and Services for the Aging (AAHSA) recently released a report that the current survey and certification processes used to evaluate long-term care facilities nationwide is broken and beyond repair. The task force concluded in its final report, “Broken and Beyond Repair: Recommendations to Reform the […]
Real estate investment trust Senior Housing Properties Trust (SHPT) said Monday it bought four health and wellness centers operated by Life Time Fitness Inc. for $100 million that are located in Illinois, Texas, Georgia and Nebraska. It also entered into a long-term lease arrangement with Life Time for the properties, for yearly rent of $9.1 […]
The leader in the Senior Housing market is showing some major cracks in its financial statements that were released earlier this month showing that the Credit Crunch is affecting their operation in a major way when it comes to development of new inventory. The company posted a net loss of 70 million dollars when it […]
A Senior Housing Daily reader recently contacted us looking for a reference for a firm that specialized in new construction senior housing architects that did projects on a smaller scale around his geographic location. We spoke with some of our contacts and put them in touch and this made us consider what we’d put into […]
In April 2007, Ventas acquired approximately $2 billion in senior housing complexes formerly owned by Sunrise Senior Living. The deal brought properties into the Ventas portfolio that rely on private-pay residents rather than their traditional subsidize model. This acquisition relied on Ventas’ ability to use leveraged finance to acquire the properties and extinguish the short […]
Over the weekend, Terry Savage wrote an article for theStreet.com extolling the benefits that seniors who are interested in a reverse mortgage will receive from the recently passed law known as The Housing and Economic Recovery Act of 2008. The main advantages that seniors will receive are lower origination fees and higher loan amounts across […]
Dupage county in northern Illinois is using $1.3 million in federal housing grants to help finance the $19 million dollar Alden Gardens facility in Bloomingdale, Illinios. The Illinois Housing Development Authority (IHDA) is issuing $8.2 million in bonds to assist the project. The project is the second in cook county to set aside medicaid eligible […]
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