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 […]
Category: Senior Living
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 […]
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 […]
Seniors that want a health lifestyle may want to head north to Canada to get access to taxpayer-funded outdoor gyms where they can do squats, chest presses and even tai chi as part of the ActNow program enacted this past year. These facilities will be spread out across provinces and will enlist local senior groups […]
As the financial system in America continues to grind to a halt, the amount of financing for senior housing plummets proving it is not immune to the credit crisis engulfing the economy. The 60% drop reported in the first quarter of 2008 from the National Investment Center for the Seniors Housing and Care Industry (NIC) […]
AARP’s magazine recently reviewed 50 cities in America and named Ann Arbor the healthiest city for seniors. In choosing the country’s healthiest cities, AARP evaluated more than 20 measures of vitality, including not only the physical aspects of a community, such as clean air and water, but also the health and habits of people who […]
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