Ventas, a healthcare real estate investment trust (REIT), recently filed an 8-K SEC filing that contained a presentation on its company that provided a current profile and discussed the company’s current financial statements and discussed its portfolio of properties. The presentation goes to great lengths to focus on the liquidity of the company and the […]
Category: Finance & Development
Sunrise Senior Living (NYSE: SRZ) announced that it has created and is providing a a new informational guide to help seniors and their families identify ideas for affording senior care in today’s challenging economy. The guide is entitled Affording Senior Living: The Financial Options and is available at Sunrise communities nationwide and also online at […]
Since the start of the year, many developers from other industries have asked Senior Housing News to provide some information on developing senior housing and more specifically finding financing and funding for proposed senior housing projects. Many of these requests have been from residential / single family developers that have found their access to construction […]
MassDevelopment announced last week the closing of a low-cost financing package for an affordable senior housing construction and preservation project. The Somerville Housing Authority will use the proceeds from a $14 million tax-exempt bond to demolish an outdated 64-unit apartment complex for the seniors and the disabled, and construct a new 95-unit affordable housing facility […]
Equity Lifestyle Properties, Inc. (NYSE:MHC), a real-estate investment trust focusing on resort communities for ages 55+, announced its 4th quarter results that were down from last year due to rising expenses and fewer sales of homes in their communities. Approximately seventy percent of Equity Lifestyle’s residents are 55+ and nearly two-thirds of its communities are […]
Last week the National Association of Home Builders (NAHB) released a new segment of its Housing Market Index (HMI) that tracks the confidence levels of builders that serve buyers of homes that are 55 years or older. The HMI has been used for over 20 years to gauge builder perceptions in the single-family home market […]
Last fall, all reverse mortgage lenders suspended their production of proprietary reverse mortgage products indefinitely citing secondary market restrictions and funding capacity constraints. It now seems that these challenges are starting to hit the FHA HECM reverse mortgage market. According to Reverse Mortgage Daily, one of the major wholesale reverse mortgage lenders is facing new […]
Home sales jumped 6.5% in December, the biggest monthly increase in nearly seven years, as falling prices drew out more buyers according to information released by the National Association of Realtors on Monday. The NAR report for December showed that sales are strongest where home prices have been pummeled in markets such as California, Florida, […]
The Charlotte Observer and the St. Louis Business journal are both reporting that Erickson Retirement Communities has confirmed that it is delaying two projects in those respective areas due to the inability to obtain construction financing. Both projects are likely to be restarted once credit starts flowing into the construction markets again according to the […]
Last week, Sunwest Management announced that it has sold 45 senior living communities currently managed by Sunwest to a large, un-disclosed private equity investor. . The buyer has contracted with La Vida Communities, part of the Senior Resource Group family of companies, to manage the properties once ownership and license transfers are complete. The sale […]