As a follow up to the article on Christian Living Communities, Ziegler Capital Markets with co-manager Stifel Nicolaus & Company, Incorporated more details on the completion of the first non-rated fixed-rate continuing care retirement community (CCRC) financing since September 2008 for Christian Living Communities. The strong demand from retail investors as well as solid institutional […]
Category: CCRCs
CJE SeniorLife, in partnership with the Jewish Federation of Metropolitan Chicago/Jewish United Fund, recently announced: Karmel, the first Jewish-sponsored continuing care retirement community (CCRC) in the Chicago area, with plans to open in 2012. The full continuum of care community, to be located on the present Weinberg Community for Senior Living property in Deerfield, Illinois […]
Mayford Grange, a new age restricted retirement village in Surrey, announced its grand opening last month and have received strong interest from United Kingdom residents. Mayford Grange is part of the Retirement Villages company that operates over a dozen senior living facilities in the United Kingdom (UK). The village will comprise 46 private apartments grouped […]
Have you seen the I-go and Zipcar zooming around your town lately? Some retirement communities such as CCRCs and assisted living facilities are examining whether the car-share concept is portable to retirement communities? Many facilities are recognizing that seniors have these assets and their cars are idle for much of the time they are at […]
High Acres at Seneca Lake recently received approval for its Offering Plan from New York State to develop a new senior living retirement community in Geneva, New York. Construction of High Acres,sponsored by FLH Senior Communities, Inc., a member of Finger Lakes Health, is scheduled to begin early next year. High Acres plans to offer […]
Christian Living Communities (CLC), which operates three senior-living centers in Denver, announced last week that it successfully issued $30 million in bonds to help finance redevelopment of its Clermont Park community. Stifel, Nicolaus & Co. Inc. and Ziegler Capital Markets sold $30 million in Series 2009 bonds for CLC and individual investors reportedly purchased about […]
Interested in learning more about a publicly traded REIT that specializes in senior housing? HealthCare REIT released an investor presentation last week that discusses its portfolio of properties and outlines its business in 2009. The company feels that its diversification of operators creates a lower risk profile against any down turns or problems that any […]
The Cypress of Raleigh has continued to show strong appeal to seniors across North Carolina since its opening in the fall of 2008 by closing on 158 homes valued at more than $90 million. The 48-acre continuing care retirement community (CCRC) has another dozen homes under contract and is continuing to see tremendous interest from […]
The Sisters of the Most Precious Blood of O’Fallon held its groundbreaking ceremonies for a renovated senior living facility and multiple-use development last month. The Sisters and McEagle Properties partnered for the joint venture to develop the Village of St. Mary’s which includes senior living apartments and patio homes, skilled care, and the development of […]
Health Care Reit, Inc. (HCN) announced that achieved 4Q08 normalized funds from operations (FFO) of $0.83 per share, up 4% and had normalized FFO of $3.38 per share, up 8% for the full year 2008. The company completed a total of $1.0 billion in new net investments of which 85% related to preferred investments which […]
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