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 […]
Category: Development
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 […]
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 […]
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 […]
Last week the Wall Street Journal published a short article entitled “Designing for the Senior Surge” that discussed bathrooms, appliances and other items in the home being redesigned for seniors as they age in their homes. The article addresses three main areas: vision impairment, motor skills and memory loss. The concept of again in place […]
A new continuing care retirement community (CCRC) is opening its doors on the beautiful island of Oahu, Hawaii. The first phase of the project,scheduled to begin construction in summer 2008, will include 26 garden homes and 96 apartments in a six story building. The project proposes to include independent living, assisted living, memory support, and […]
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