Fitch Ratings has assigned a ‘BBB’ rating to the expected issuance of $42.2 million Kentucky Economic Development Finance Authority healthcare facilities revenue bonds series 2008 A&B (Masonic Homes of Kentucky, Inc. [MHKY]). Rating Outlook is Stable. MHKY was established by the Grand Lodge of Kentucky Free and Accepted Masons in 1867 to provide a home […]
Category: Development
Faulkner Design Group has completed the interior design and planning for the Village at Gleannloch Farms, a vibrant, continuing care retirement community at Spring Cypress Road and I-249 in northwest Houston, Texas, according to Adrienne Faulkner, president of Dallas-based Faulkner Design Group, one of the nation’s leading interior and architectural design firms. The Village at […]
AgeSong at Bayside Park, a 116,400 square-foot, 125-apartment community that will offer independent and assisted living apartments for senior adults breaks ground today in Emeryville, expanding AgeSong’s holistic approach to elder care in the East Bay. A five-story residence, AgeSong at Bayside Park sits on a corner site at 1440 40th Street (and Horton), within […]
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, […]
The Grubb & Ellis March 2008 Report for healthcare properties was sent over to us recently and it had some pretty interesting facts: The 65 and over age group will grow by 36 percent between 2010 and 2020 compared with nine percent for the general population. The 65 to 74 age group made an average […]
Two senior housing projects are looking to cater to the luxury market for seniors on the Front Range in Denver, Colorado. The goal is to provide a high-end, low maintenance lifestyle with nearby assistance if they need it. The two projects, the Stratford at FlatIrons in Broomfield, CO, and the Balfour Cosmopolitan Club in downtown […]
The leader in the Senior Housing market is showing some major cracks in its financial statements that were released earlier this month showing that the Credit Crunch is affecting their operation in a major way when it comes to development of new inventory. The company posted a net loss of 70 million dollars when it […]
As the financial system in America continues to grind to a halt, the amount of financing for senior housing plummets proving it is not immune to the credit crisis engulfing the economy. The 60% drop reported in the first quarter of 2008 from the National Investment Center for the Seniors Housing and Care Industry (NIC) […]
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 […]
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 […]
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