Serena Senior Care, a leading Assisted Living and health management services company in Baja California Mexico, announces new services that allow American retirees living in Baja to fully enjoy their retirement, giving them peace of mind and quality of life. The company opened its doors in spring of this year offering high quality assisted living, […]
Category: Development
Last week, Senior Housing Properties Trust announced its third quarter earnings showing that net income was $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008, compared to net income of $20.6 million, or $0.25 per share, for the quarter ended September 30, 2007. The results include the gain on sale of […]
Forbes Magazine and CFO.com both recently ran stories that painted a bleak picture for the outlook of Sunrise Senior Living (SRZ). Sunrise recently reported a $68.7 million third-quarter loss and that it does not expect to meet certain financial covenants before they come due at the end of 2008. The company is trying to refinance […]
Empire State Development recently announced that the former elementary school known as Academy Place in the Village of Gowanda will be converted into a mixed-use commercial and residential structure. With a total of $10.2 million being invested in this restoration project, Academy Place will offer the Gowanda community much-needed affordable senior housing, a day care […]
Oregon Business News recently printed an emailed letter from Sunwest’s CEO, Jon Harder, to U.S. Senator Gordon Smith’s office that pleaded for assistance. According to the article, Harder’s lawyer confirmed its authenticity but the tone of the letter paints a shocking picture of the challenges it faces with its lenders and its operations. If Mr. […]
The State Division of Housing and Community Renewal (DHCR) and the US Department of Agriculture (USDA) recently announced they would be jointly funding an affordable housing residence for low-income senior citizens in the Village of Unadilla in Otsego County. The new construction of 24 units will include two units that are fully accessible and adapted […]
The Ensign Group, Inc. (Nasdaq: ENSG – News), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services and assisted living companies, recently announced that it has purchased four skilled nursing facilities in Texas and California for an aggregate price of approximately $10.4 million. The properties were acquired on October 28, 2008 […]
ResCare (NASDAQ: RSCR), a leading provider of residential, training, therapeutic, educational and support services for people with barriers to employment and special needs, recently announced that it is re-branding its operations in the United Kingdom to better reflect expansion and diversification plans in the UK. In late 2007, ResCare purchased the workforce service operations of […]
Aegis Living, a national leader in retirement, assisted living, and memory care communities, recently announced the recent purchase of a property in Bellevue, Washington. The Bellevue location is the latest addition for the company, which has implemented a growth plan to serve the increasing needs for retirement communities throughout the West Coast. Set to open […]
Health Care REIT, Inc. (NYSE:HCN) announced last week that it has terminated its previously announced agreement with an affiliate of Arcapita, Inc. to acquire the affiliate’s 90% interest in a venture owning 29 senior housing properties managed by Sunrise Senior Living, Inc. (NYSE:SRZ). “We performed extensive due diligence and appreciate the cooperation and assistance provided […]
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