The assisted living communities of today look vastly different from the stereotypical images many conjure up when thinking of where their grandparents lived out their final days. More options have been developed to meet the changing demands and preferences of successive generations, and as the boomers storm into their golden years, that trend will continue. […]
Category: Assisted Living
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired two senior care communities in separate transactions for a combined $42.5 million. The first is a 48-unit memory care community in Aurora, Colo., purchased for $16 million from an affiliate of New Dawn Holding Company. The REIT also entered into a triple-net lease agreement with the New […]
With new senior housing and care construction still challenging to finance, investors and operators have a great opportunity to reposition aging stock to meet the demand of future residents, said panelists at the National Investment Center for the Seniors Housing & Care Industry’s National Conference earlier this week. There has been a “dramatic” change in […]
Assisted living providers in Wisconsin can be thankful for a redesigned regulatory approach that has transformed the state’s system for monitoring providers to focus more heavily on those with bad track records instead of imposing an extensive survey on every community, even those who don’t have any serious deficiencies. It happens in lots of industries—a […]
Senior living providers today say they are seeing much more demand for services to address the needs of residents suffering from mental illness. While they see the opportunity in providing that care, delivering it presents more of a challenge. There are between 5.6 million and 8 million older adults in America who have one or […]
Senior housing occupancy is recovering across the board, but the pace of that recovery varies depending on campus type, according to the National Investment Center for the Seniors Housing & Care Industry (NIC), and so far, independent living is winning the race. The first quarter of 2010 saw the senior housing occupancy rate dive to […]
The average monthly cost for assisted living has risen 5%, which might drive some seniors to consider other, more economical options when it comes to long-term care, according to the 2012 American Association for Long-Term Care Insurance (AALTCI) Sourcebook. Assisted living costs an average of $3,350, reports the association, but despite the increase, more people have […]
Toledo, Ohio-based real estate investment trust Health Care REIT (NYSE:HCN) has been busy in recent weeks with its approximately $845 million acquisition of Sunrise Senior Living and a $65 million purchase of three senior housing communities, and now it has been reported that the REIT purchased three more properties for a total of $26.2 million. […]
Health Care REIT Inc. (NYSE:HCN) recently purchased three Florida assisted living facilities from Royal Senior Care LLC for $64.6 million, report the South Florida Business Journal and the Jacksonville Business Journal. The Sunrise Atrium was bought for $31.54 million by HCN affiliate HCRIX Royal from RSC Atrium. The 160-unit community is located on 2.3 acres in […]
The former chief financial officer of Leland, N.C.-based assisted living chain Caremerica Inc., Michael Elliott, pleaded guilty last week to several charges after being served with an indictment last year accounting for 28 tax offenses in North Carolina, according to the U.S Department of Justice, and must now pay nearly $5 million in restitution. At […]
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