As the world of finance continues to sputter, another area that is experiencing the “hurry up and wait” feeling is funding for not-for-profit projects.  A reader sent a story/link to the Center For Civil Society Studies at the Johns Hopkins Institute for Policy Studies that examines stalled projects from non-profits that contribute infrastructure services to […]

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A Gallup poll released last month showed that for the first time in more than 10 years, over 50% of non-retired Americans doubt that they will have enough money to retire and live comfortably.  Since “retire and live comfortably” is an extremely broad term, lets just say that we were surprised (as well as Gallup) […]

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Brookdale Senior Living Inc. (NYSE: BKD) announced today that it plans to raise $150 million in a public offering of its common stock. Brookdale intends to use the net proceeds from the offering to repay the $125 million of indebtedness that is currently outstanding under its credit agreement, and the remainder for working capital and […]

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A recent survey conducted by Horst Construction, a senior-market design and construction management firm, and Holleran Consulting, a marketing research firm specializing in the senior industry, show that the economy is affecting occupancy and retention rates for all types of senior living facilities in the Carolinas.  The findings are a result of one-on-one interviews […]

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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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The Visiting Nurse Association (VNA) Assisted Living celebrated its grand opening last month in Somerville, Massachusetts and was attended by local and state dignitaries that came to praise the grand opening of this 99 unit facility. 
As the first assisted living facility in the country to use HUD 202 funding for construction of a senior […]

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Senior housing development over the next few years will be focused on niches as developers and operators seek higher margins in the product and services that they offer besides the broader, cookie-cutter facilities that currently exist.  A recent survey by Mather LifeWays Institute on Aging in collaboration with Caring Communities Shared Services and Life Services […]

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Jeffrey Anderzhon, FAIA recently announced the formation of Crepidoma Consulting, a professional firm providing built environmental consulting services to the senior living and care provision industry.  Anderzhon brings 30 years of national and international expertise as well as a unique knowledge of the marketing, financial and design mechanics that are necessary to shepherd a project […]

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Last month, various community leaders and politicians joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to celebrate the ground breaking on the $18 million rehabilitation of Embury Apartments.  Embury, a 200-unit affordable housing development for low-income seniors aged 62 and older, was originally constructed over 35 years ago and […]

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Health Care REIT announced first quarter results last week that showed that the company achieved 1Q09 normalized FFO of $0.81 per share, up 3%.  The company also announce that it made $129 million in net new investments during the quarter and that they generated $63.0 million in net proceeds on property sales, recognizing $17.0 million […]

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Last week, leading industry players met at the national ALFA conference and expressed overall optimism and in the state of the industry and optimism about future prospects at its annual conference in Philadelphia.  The tone of the conference and the speakers show that while the recession is providing challenges, they feel that they are weathering […]

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Sunrise Senior Living (NYSE:SRZ) announced first quarter results that showed the company was in the midst of transition as it had lower revenues, occupancy rates as well as announced that some further sales of interests in projects as well as the challenges it is facing with lenders on projects currently providing construction financing to projects […]

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