What happens when the cowboy rides away? He goes to retire in style at a new facility planned in Nashville, Tennessee. In one of the most targeted Senior Housing niche’s yet, Nashville music industry leaders announced plans for an upscale "senior living" facility for those who have made music their career. To be called the […]
Category: Communities
Sunrise Senior Living (NYSE: SRZ) reported a loss of $31.8 million in the second quarter, compared to a profit of $8 million for the same quarter last year. Adding that to the first quarter loss of $33.1 million, the Mclean, Va.-based retirement community operator lost $64.9 million in the first six months of this year, […]
Rob and Jennifer Liebreich started SeniorDecision.com about one year ago with the goal of providing a comprehensive listing of home health care, independent living, retirement communities, assisted living, Alzheimer’s care, and nursing homes that provide peer to peer consumer ratings and reviews. The site provides an exhaustive listing of facilities throughout the United States that […]
Premier Assets Valued at $715 Million Concentrated in New York, Los Angeles and Chicago TOLEDO, Ohio–(BUSINESS WIRE)–Sept. 2, 2008–Health Care REIT, Inc. (NYSE:HCN) has entered into an agreement with an affiliate of Arcapita, Inc. to acquire its 90% interest in a venture owning 29 senior housing properties managed by Sunrise Senior Living, Inc. (NYSE:SRZ) for […]
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 […]
HCP (NYSE:HCP) announced that it has placed $259 million of secured debt on 21 of its senior housing assets. The assets are cross-collateralized and the debt has a 7-year term with a fixed interest rate of 5.83%. Fannie Mae purchased the secured debt provided by Grandbridge Real Estate Capital LLC. HCP, Inc., an S&P 500 […]
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 […]
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 […]
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 […]
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