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 […]
Category: Finance & Development
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 (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 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 […]
Last week, Senior Housing Properties Trust announced its third quarter earnings showing that net income was $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008, compared to net income of $20.6 million, or $0.25 per share, for the quarter ended September 30, 2007. The results include the gain on sale of […]
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. […]
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 […]
The Social Security Administration announced today that monthly Social Security and Supplemental Security Income benefits will increase 5.8% in 2009. This increase isn’t enough to offset the increases that many seniors have seen in their housing expenses including their property taxes and insurance, let alone any increases in rent or mortgage payments. More than 55 […]
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 […]
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 […]