Arveda Alzheimer’s Family Care, LLC, an Austin-based company that specializes in operating assisted-living residences, announces that its Buda and Austin residences are near completion and are now accepting reservations. The Buda and Austin residences will offer the most attentive and state-of-the-art care available in the Austin area. They will follow the “social model” of care, […]
Category: Development
AMC Delancey Group, Inc., a leading national real estate investment and development firm, today announced the formation of Delancey Senior Living, an affiliated company launched for the purpose of pursuing development and investment opportunities in the senior housing sector. Delancey Senior Living, an AMC Delancey Group company, is actively seeking land within 100 miles of […]
Aging services provider Ecumen, one of the country’s largest non-profit senior housing companies, has broken ground on a new senior living development in Apple Valley for people living with the challenges of Alzheimer’s Disease and dementia. The $3.7 million memory care expansion at The Centennial House of Apple Valley, located at 14625 Pennock Avenue, is […]
Chicago Housing Commissioner Ellen Sahli recently joined Ald. Ray Suarez (31st) other City officials and members of Senior Lifestyle Corporation to officially break ground for Senior Suites of Kelvyn Park, a new $20.1 million affordable rental complex for seniors. The ceremony marked the start of construction for a proposed 85-unit development, which will be built […]
Albuquerque, New Mexico residents are angered over the proposed development of a 4 story retirement home that is proposed to be built by 2012. The 267-unit, $512 million retirement community is planned to be built on land owned by a local church. Local residents "say the place will look like a massive, four-story prison, invading […]
The residents of Essex Meadows in Connecticut are making a bold ‘green’ statement by planning on installing solar panels in their facility to offset the costs of rising energy besides being a environmentally friendly retirement community. Essex Meadows’ list of environmental amenities includes geothermal heating and cooling, native-plant meadows instead of lawns, and an environmental […]
Senior marketing agency Walker Marketing was recently honored by the National Active Retirement Association (NARA). The agency received 12 awards for its work on behalf of The Cascades at Verdae, a continuing care retirement community (CCRC) in Greenville, S.C. and The Cardinal at North Hills, a CCRC in Raleigh, N.C. Among the numerous recognitions, Walker […]
HCP (NYSE:HCP) announced that it has placed $140 million of 5-year secured debt on four of its senior housing assets and $179 million of 8-year secured debt on 12 of its senior housing assets. The assets are cross- collateralized and the debt has a weighted average interest rate of 6.39%. Fannie Mae purchased the secured […]
TheStreet.com posted a video interview with Granger Cobb, CEO of Emeritus Corp. and he tries to explain why he thinks the senior housing business is ignoring the market’s turmoil. The piece discusses that Emeritus is only down 5% this year, which is better than the broader market. Cobb states that moves by seniors into their […]
Sunrise Senior Living (SRZ) was added to the list of stocks that are not permitted to be shorted last week and it does not seem to have had any effect on the share price as it dropped last week. The stock dropped from 15.42 on September 29 to 13.40 on October 3rd. So much for […]
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