For those of you who want to read the 700 pages of the House version of ‘American Recovery and Reinvestment Act of 2009 or those who want to review the amendments being debated in the Senate or try to follow all the press coverage, good luck. If you just want the down and dirty from […]
Category: Finance & Development
The Alaska Housing Finance Corporation (AHFC) announced recently that communities across the state will benefit from more than $70 million of combined new housing construction and renovation of existing housing designated for seniors, low-income families and persons with disabilities. The corporation this year is contributing more than $5.5 million in corporate receipts to increase the […]
Forest City Enterprises, Inc. (NYSE: FCEA; FCEB) recently announced that it completed the sale of the Sterling Glen of Rye Brook supported-living community to Atria Senior Living Group. The sale, which closed January 30, 2009, is part of a larger transaction originally announced in July, 2007, under which Atria would acquire the majority of Forest […]
Early this week, Senior Housing Properties Trust (NYSE: SNH) announced that it had initially offered 4,000,000 common shares of stock but increased that number to 5,500,000 common shares of beneficial interest at a price of $17.30 per share due to investor demand. The company plans to complete the sale of the stock on February 9, […]
The Federal Home Loan Bank of New York recently announced that the Bank has awarded $19.1 million in subsidies to fund 51 affordable housing initiatives throughout New Jersey, New York, Delaware and Pennsylvania. These awards, which are funded through the Bank’s Affordable Housing Program (AHP), will result in the creation or rehabilitation of 2,213 affordable […]
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 (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 […]
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