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 […]
Category: Development
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 […]
New and prospective buyers joined David Cutler Group representatives yesterday celebrating the grand opening of Montgomery Walk, one of two active adult communities nestled in the woodlands of Montgomery Township and Worcester Township. The development marks David Cutler Group’s first project delivery in the active adult community living market. David Cutler Group’s grand opening celebration […]
uWink, an entertainment and hospitality software company, has partnered with InSite Development, a leading developer of senior housing communities, have launched a revolutionary interactive game and entertainment facility at InSite’s Arbor Court, a ground-breaking senior housing community in Lancaster, California. This onsite amenity is an unprecedented effort to stave off the ravages of old age, […]
The trend of university affiliated senior housing continues to grow and a new community called Limestone Crossing by the University of Kentucky is being developed by Jacksonville, Fl based Praxeis. Praxeis has communities at the University of Florida and Florida State University and has plans for a third Florida location. The project is classified as […]
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 […]
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, […]
Subscribe
Receive industry updates and breaking news from SHN