Sunrise Receives Proceeds from Venture Refinancing

Sunrise Assisted Living Inc (SRZ) announced last week the receipt of approximately $8.3 million of proceeds resulting from the refinancing of the existing debt of one of its joint ventures. As disclosed last week by Ventas, Inc., a venture owned 85 percent by Ventas and 15 percent by Sunrise closed eight first-mortgage loans with Freddie […]

Five Star (NYSE: FVE) Acquires Seven Senior Housing Facilities

Five Star Quality Care, Inc. (NYSE Alternext US: FVE) recently announced that it has purchased seven independent living, assisted living and Alzheimer’s care communities located in North Carolina (four communities) and South Carolina (three communities) for a purchase price of $44 million. Including these seven properties, Five Star currently operates nine senior living communities in […]

Does Five Star’s Settlement Make Its Earnings Any Prettier?

Five Star Quality Care, Inc. (NYSE Alternext US: FVE) recently announced that it has entered a settlement with UBS AG and its affiliates (“UBS”) regarding Five Star’s investments in auction rate securities made through UBS.  Under the terms of the settlement, UBS will purchase 100% of Five Star’s $74.8 million (face amount) of investments in […]

Can Senior Housing Stocks Continue to Deliver These Yields?

The Motley Fool posted an article discussing the attractive yields that many Senior Housing Stocks are providing to investors as of November 19: Health Care REIT (NYSE: HCN) – 7.6%, Senior Housing Properties (NYSE: SNH) – 9.7%, Medical Properties Trust (NYSE: MPW) – 18.8%, National Health Investors (NYSE: NHI) – 9.0%. The article ponders whether […]

HCP Announces 3rd Quarter Results

HCP (the “Company” or “we”) (NYSE:HCP) announced results for the quarter ended September 30, 2008 a few weeks ago and it’s net income applicable to common shares for the quarter ended September 30, 2008 was $120.1 million, or $0.49 per diluted share of common stock, compared to net income applicable to common shares of $316.9 […]

Ventas (NYSE:VTR) Group 3rd Quarter Earnings

Ventas recently reported its net income applicable to common shares for the quarter ended September 30, 2008 was $64.7 million, or $0.46 per diluted common share. These results were substantially better than last year but included a previously recorded contingent liability reversal, offset in part by the valuation allowance on real estate mortgage loans receivable […]

Sunwest’s Management Pleas For Federal Assistance

Oregon Business News recently printed an emailed letter from Sunwest’s CEO, Jon Harder, to U.S. Senator Gordon Smith’s office that pleaded for assistance. According to the article, Harder’s lawyer confirmed its authenticity but the tone of the letter paints a shocking picture of the challenges it faces with its lenders and its operations. If Mr. […]

Federal Government and New York State Provides Funding For Senior Housing Solution In Ostego County

The State Division of Housing and Community Renewal (DHCR) and the US Department of Agriculture (USDA) recently announced they would be jointly funding an affordable housing residence for low-income senior citizens in the Village of Unadilla in Otsego County. The new construction of 24 units will include two units that are fully accessible and adapted […]