Ventas SEC Filing Profiles Its Business Model For 2009

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 […]

Sunrise Senior Living Suggests Financing Options For Senior Care

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 […]

Senior Housing Finance Crash Course Needed For New Developers

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 […]

Massachusetts Senior Housing Project Receives Funding Support

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 The Somerville Housing Authority will use the proceeds from a $14 million tax-exempt bond to demolish an outdated 64-unit apartment complex for the seniors and the disabled, and construct a new 95-unit affordable housing facility […]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 Q4 Results Are Down

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 […]

Reverse Mortgage Lenders Feeling Credit Crunch With Funding Bottlenecks

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 […]

Sunwest Management Sells 45 Properties and Harder Resigns

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 […]