Are Arizona ghost towns & myths prevalent in today’s society? The answer is yes for a senior housing developer in the Tuscon, Arizona area. The Pima County board is supporting a developer’s proposal for the rehabilitation of the Ghost Ranch Lodge at the Miracle Mile landmark. The old resort is in a dilapidated area of […]
Category: Assisted Living
With the credit crunch hurting developers and tax credit financing deals falling apart all over Wall Street, could the use of tax abatements help provide necessary incentives to developers and tenants of the new or rehabilitated senior housing projects? Could abatements from city, school, and county taxes provide developers enough cushion to make their marginal […]
Between rising commodity prices, the increasing cost of capital, the re-pricing of risk and a credit market that is thoroughly in disrepair, a survey showing the average prices for different types of senior housing rising should not be a surprise. According to results from an analysis by Irving Levin Associates, the average price paid per […]
Last Wednesday, the Wall Street Journal ran an article that discussed the large institutional lenders and government sponsored entities (Fannie Mae and Freddie Mac) lack of participation in the federal government’s affordable housing tax credit program. As these companies have losses associated with write downs and credit related issues, their need for the tax credits […]
Southern California is starting to get concerned about the exodus of seniors leaving the area for cheaper areas and is starting to do something about it. As pressure increases to keep seniors in Orange County, municipalities are looking at solutions to keep seniors in the area by re-examining some zoning policies that have age restrictions. […]
For the most part, it’s a safe bet to be long on senior housing according to an article in Barron’s this weekend. For those of you who don’t subscribe to Barron’s Weekly, there was an article in the paper over the weekend touching on the theme that anything housing-related has taken a beating in the […]