Earlier this month, architectural and interior design firm Rosemann & Associates, PC announced that construction of the 42 unit, independent senior living community in Kansas City, Mo. known as D.A. Holmes II Senior Apartments has been completed and 100 percent occupied. The owner, D.A. Holmes Senior Housing II, L.P. developed the $4.9 million, affordable senior […]
Category: Finance & Development
Horst Construction is hosting its 8th annual Senior Living Conference — Silver-Lined Strategies: Identifying Opportunities in Today’s Economy on Thursday, April 9, 2009 in Lancaster, Pennsylvania. The conference is designed for CEOs, CFOs and executive administrators of senior-care communities throughout the mid-Atlantic region and will discuss national trends in the senior living market as well […]
Sunrise Senior Living, Inc. (NYSE: SRZ) (“the Company”) filed a 8-K last with with the Securities and Exchange Commission (SEC) that provided notice to its investors that it had received a demand letter from Natixis, London Branch, in its capacity as agent and security trustee in connection with loan agreements, dated March 24, 2006 (the […]
The National Post, a Canadian publication, recently ran an article on Canadian seniors looking to downsize and extolling the benefits of purchasing smaller, luxury types of condominium units rather than renting or participating in a CCRC. While the developers are offering both rental units and condominiums units in the same buildings, they share the same […]
Not only is the economy affecting seniors selling their homes in the United States, it is affecting seniors around the world. The Australian ran an article in it’s business section on retirement living company Aevum, a publicly traded stock in Australia, that discussed the troubles it is facing with respect to the asset values of […]
The NYS Division of Housing and Community Renewal (DHCR) recently announced $727,000 in New York State Community Development Block Grant (NYS CDBG) awards to St. Lawrence County to help United Helpers Nursing Home, Inc. and Canton Daycare Center Inc. develop and construct Maplewood Campus in the Village of Canton. The new $29 million facility will […]
Last week Nationwide Heatlh Properties (NHP) announced its results for the 4th quarter of 2008 and full fiscal year of 2008 showing an increase in revenue from 2007 to 2008 of 21% and an increase in net income by 19.5% year over year. NHP provided 2009 guidance of diluted FFO guidance per share range from […]
Last week, HCP (the “Company”) (NYSE:HCP – News) announced results for the quarter ended December 31, 2008. Funds from operations (“FFO”) applicable to common shares was $121.5 million, or $0.48 per diluted share, for the quarter ended December 31, 2008, compared to FFO applicable to common shares of $117.2 million, or $0.54 per diluted share, […]
The oft-neglected problem of grandparents raising grandchildren is getting some unique assistance in Milwaukee from a housing perspective. The Milwaukee Journal Sentinal ran a story last week entitled, Kid-friendly senior housing proposed, profiled a development on Milwaukee’s north side that would create a 47 unit, $10 million affordable, senior apartment complex called Villard Square. The […]
With the passage of Obama’s stimulus package, The Housing and Economic Recovery Act of 2008, and the President signing it into law, we can look at how the package will provide some housing opportunity although not nearly as much as some people would like. Many trade groups are patting themselves on the back and taking […]
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