We’re proud to announce our Senior Housing Index of publicly traded stocks. We’ve selected 10 publicly traded entities to follow that have major components of their businesses associated with Senior Housing, Senior Retirement Communities, Senior Living Projects (Assisted & Skilled Care) and the Aging process. We welcome input from our readers as to our selection […]
Category: Development
Are Arizona ghost towns & myths prevalent in today’s society? The answer is yes for a senior housing developer in the Tuscon, Arizona area. The Pima County board is supporting a developer’s proposal for the rehabilitation of the Ghost Ranch Lodge at the Miracle Mile landmark. The old resort is in a dilapidated area of […]
Between rising commodity prices, the increasing cost of capital, the re-pricing of risk and a credit market that is thoroughly in disrepair, a survey showing the average prices for different types of senior housing rising should not be a surprise. According to results from an analysis by Irving Levin Associates, the average price paid per […]
Last Wednesday, the Wall Street Journal ran an article that discussed the large institutional lenders and government sponsored entities (Fannie Mae and Freddie Mac) lack of participation in the federal government’s affordable housing tax credit program. As these companies have losses associated with write downs and credit related issues, their need for the tax credits […]
As seniors start looking to move into different types of senior housing, the disposition of their current residence can be difficult to manage and obtain the highest possible price. As the housing market decline continues, some senior communities are enlisting consultants to work with seniors that are looking to buy in these communities. A fallout […]
The decline in U.S. home prices continued to accelerate in the 4th quarter according to the S&P/Case-Shiller national home price index. The drop was the largest in the index’s 20 year history. The lower home values threaten the economy by making consumer feel less wealthy and less willing to spend money on discretionary items. This […]
Sun City Peachtree, the Pulte Homes/Del Webb active adult community located in Atlanta, Georgia, is continuing to find success despite the down turn in the housing market. The project continues to receive a large amount of inquiries from interest parties looking to buy lots and build homes in the 1,700 acre active-adult community. Plans for […]
The Fontana City Council (Fontana, CA) recently awarded the re-development of its senior center with a $14.5 million contract to Lake Elsinore-based Tovey/Shultz Construction Inc. to build a senior center on the northeast corner of Juniper and Ceres avenues in the downtown area. The two story, 43,000 square foot facility is expected to be completed […]
Sunrise Senior Living recently sold a 1.6 acre tract of land in the Oak Lawn Neighborhood of Dallas, Texas to Belmont Village Senior Living. Belmont Senior Living, based in Houston, Texas and a subsidiary of GE Capital, purchased the property in January and is in the design phase of the project and expects to break […]
Part of the recent news and commentary about Barack Obama’s relationship with real estate financier Tony Resko has to do with a senior housing apartment complex down on the south side of Chicago. Part of the controversy surrounding the Obama / Resko affair has to do with letters of support that Obama wrote in support […]
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