Category: Senior Living

ELS Sees 68% Rise in Q4 FFO, Wants to Grow RV Business

Equity LifeStyle Properties, Inc. (NYSE:ELS) reported a net loss of $0.2 million, translating to $0.00 per share, available to common stockholders on a fully-diluted basis for the fourth quarter ended Dec. 31, 2011, as the company continues to encounter costs associated with an acquisition made in May 2011. Overall net income for the year was [...]

CNL Properties Trust to Buy Five Senior Living Communities for $84 Million

CNL Properties Trust, a real estate investment trust (REIT) based in Orlando, Fla., plans to acquire five senior living communities from affiliates of Primrose Retirement Communities LLC for approximately $84 million. The transaction, which is not expected to close until the first quarter of 2012 and is subject to due diligence completion and other factors, [...]

Stanford Launches Elder Fraud Research Center, Identifies Unconventional Victims

Stanford University has launched an interdisciplinary research center focused on financial fraud targeted toward seniors. Thus far, its experts say that the victims may not be who you would expect. “The factors that go into making people vulnerable are not well understood…Even people who did everything right are finding themselves in situations where those savings [...]

Pathway Senior Living to Break Ground on $20 Million Supportive Living Community

The Crown Group Inc., Evergreen Realty Services and Pathway Senior Living will break ground on Thursday for Oak Hill, a 94-unit licensed supportive living community in Round Lake Beach, Ill. The community, slated to open in December 2012, will offer older adults deluxe accommodations in private studio and one-bedroom apartments, along with access to a [...]

Senior Housing Execs Team up with University to Promote Industry as a Career

In recognition of the growing senior housing industry, one West Coast school is bolstering its course offerings to suit the needs of those looking to enter the field in a professional capacity. Washington State University recently added a Senior Living Management class to its undergraduate curriculum, taught by executives and other professionals from four top [...]

Verba HealthCare Promotions Jumps into Marketing for Senior Living & Care Industry

Verba HealthCare Promotions is jumping into the senior living, home health and long-term care industries as the nation’s senior population booms. The Texas-based company facilitates outreach and marketing research for its customers, enabling them to reach a wider audience and build more business. Verba promotes products for distribution through meeting with doctors and families at [...]

Sunrise Enters into $52 Million Purchase Agreement for Seven Senior Living Facilities

Sunrise Senior Living Investments, Inc. recently entered into a purchase and sale agreement with Master MorSun Acquisition LLC to purchase MorSun’s 80% ownership interest in a joint venture that indirectly owns seven senior living facilities. Sunrise already owns the other 20% of the ownership interest in these facilities, and purchased the remainder for approximately $52 [...]

KPS Effects Turnaround, Sells Portfolio Company to Domtar for $315 Million

KPS Capital Partners recently announced it has entered into a definitive agreement to sell its portfolio company, Attends Healthcare, Inc. to Domtar Corporation (NYSE:UFS) for $315 million in cash. KPS specializes in constructive investing and restructuring as well as turnarounds, usually accomplished by financially restructuring a company’s liabilities. Attends, headquartered in Greenville, N.C., is a [...]

Brookdale Obtains $437.8 Million Credit Facility

Brookdale Senior Living Inc. (NYSE:BKD) recently announced it has obtained a 7-year, $437.8 million first mortgage credit facility from Oak Grove Capital through the Fannie Mae Delegated Underwriting and Servicing program. Three quarters of the facility bears a fixed interest rate of 4.25%, with the remaining 25% at a variable rate of 30 day LIBOR [...]