As Municipal Tax Revenues Fall, Senior Housing Deals Get Caught In Money Grab

As real estate tax revenues continue to fall, many municipalities may start reconsidering and / or challenging exemptions or tax breaks that were once offered as part of the the locality’s lure for developers and investors or aggressive stances taken as part of senior housing initiatives. One such example is the high profile, retirement home […]

AEW Selects Horizon Bay To Manage CCRC Properties

Horizon Bay Retirement Living (Horizon Bay), a national seniors housing operator based in Tampa, Florida, announced that it has started managing three continuing care retirement communities (CCRC) in Florida. Regency Oaks in Clearwater, Lake Port Square in Leesburg, and South Port Square in Port Charlotte, have a totalof 1,694 residential units for seniors. The deal […]

Maravilla Scottsdale Has Strong Reservation Deposits & Forms Partnership with Fairmont Scottsdale and Scottsdale Healthcare

Even with the economy down, Maravilla Scottsdale has exceeded early deposit projections by nearly 30 percent in 2008. In response to the unprecedented high demand, the community has now begun the site selection process of its Phase One residences featuring casitas and independent courtyard residences. The Maravilla Sales Team is now meeting individually with these […]

Classic Residence by Hyatt in Highlands Ranch Celebrates Grand Opening

Classic Residence by Hyatt, a national leader in luxury senior living, today celebrates the grand opening of the company’s newest continuing care retirement community (CCRC) in Highlands Ranch, Colorado. The community welcomed its first residents in July of this year.  The $150 million dollar development, a “Type A” continuing care retirement community, is the first […]