A recent MarketWatch article discussed how to manage retirement risks that included: Inflation Outliving One’s Assets Loss of a spouse Declining Health Medical Expenses The only risk that is difficult to manage (if you really can) is inflation. No matter how old you are or where you live, the costs of living continue to rise. […]
Category: Senior Living
Brethren Home Community and Adams County officials settled a tax dispute last week in a process that started almost 10 years ago. The significance of this settlement is the differing stances that the Brethren Home took when determining which taxes that they would pay. Brethren Home argued that it is a nonprofit charity donating services […]
New Orleans builders will break ground this summer on a $22-million gated community on the North Shore available exclusively to people 55 years and older. Maison du Lac will have 269 one-story detached homes and 151 condos, which will sell for between $200,000 for a condo and $500,000 for a three-bedroom home. Thirty six percent […]
The goal of Varenna, a senior housing project by Oakmont Senior Living LLC, was to create a community that infuses everyday retirement living with the ease and elegance of a five-star Italian resort. The property for the new continuing care retirement community (CCRC) was purchased over two years ago and has two dining areas, spa […]
HRPT Properties Trust (NYSE: HRP) recently announced that it has entered into a series of agreements to sell 48 medical office, clinic and biotech laboratory buildings (2.2 million sq. ft.) for $565 million. The purchaser of these properties is Senior Housing Properties Trust (NYSE: SNH). SNH will pay an aggregate of approximately $554 million in […]
An article out of USA Today highlighted the problems of retiring in an ailing economy. The usual culprits of decreasing values of retirement funds, decreasing homes values and rising prices of consumables were the big three for this article. “Americans need to face a sobering fact: They’re not likely to have as much money for […]
Leading Assisted Living Organization’s Report on States’ Assisted Living Regulations Finds Widespread Change in 2007 Analysis of unique annual report reveals more than 20 states changed policies regarding assisted living Washington, D.C.: The National Center for Assisted Living’s (NCAL) 2008 Assisted Living State Regulatory Review found that in 2007 significantly more states changed their assisted […]
More seniors are trying to stay at home, whether it’s an economic decision or an emotional decision, and trying to figure out how to use technology to make their stay at home more comfortable. Many people think that the use of technology for “aging services” is a costly indulgence. While the capital and upfront expenditures […]
Late last week the associated press ran an article on how senior housing and assisted living operators were lowering their guidance and forecasts as housing prices continue to fall and sales stagnate. These baby boomers and many retirees are choosing to remain in their homes and stick it out rather than selling for a lesser […]
Assisted Living Concepts (NYSE:ALC) reported net income of $4.1 million dollars in the first quarter of 2008. The most interesting part of the press release is the quote from the President and CEO of ALC, Laurie Bebo. “Despite lower same store overall occupancy, we improved revenues and adjusted EBITDA through strategic acquisitions and cost reductions […]
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