Boston College’s Center for Retirement Research recently published a brief which asked “Should You Carry a Mortgage into Retirement?” While the goal of repaying the mortgage prior to retirement remains for many individuals, an increasing number of Americans are entering retirement with a mortgage. The paper examines whether households should use retirement or non-retirement wealth […]
Category: Independent Living
LivHOME, Inc., the nation’s largest provider of professionally led at-home care for seniors, has been named to the Inc. 5000 list of fastest-growing private companies for the third consecutive year. LivHOME has appeared in the prestigious ranking of U.S. private companies each year since the list’s inception in 2007. On the 2009 list, which is […]
The National Seniors Housing Group of Apartment Realty Advisors (ARA), a full-service investment advisory brokerage firm focusing exclusively on the multihousing industry, recently brokered the sale of Village of Stone Brooke, a 202 unit seniors independent living facility located in McKinney, Texas to a private partnership based in Austin, Texas. MMA Financial foreclosed on the […]
Rosemann & Associates, P.C. recently began construction on a $3.8 million independent senior living development in Wentzville, Mo. called Villas at Peruque Hills. Developed by GHL Development, an affiliate of Gundaker Commercial Group who serves as the General Contractor, the Villas will be mixed affordable and market rate senior housing with funding provided by the […]
The 14th Annual MetLife Awards for Excellence in Affordable Housing is officially open for entries. Enterprise Community Partners and MetLife Foundation have focused this year’s competition on best practices in the area of affordable, independent senior living and environmentally responsive housing. The deadline for entries is Friday, August 14, 2009 and the awards will be […]
Senior Living Investment Brokerage, Inc. announced the completion of the sale of an Independent Living Facility located in Metropolis, Illinois, approximately 150 miles southeast of St. Louis and across the Ohio River from Paducah, Kentucky. The one-story structure, consisting of 47 units, was originally built in 2002 with subsequent additions in 2007 and 2009. The […]
The Club at Briarcliff Manor has announced that it has closed on the purchase of the former Kings College property in Briarcliff Manor where it is developing a new $300 million fee-for-service Continuing Care Retirement Community (CCRC). The closing on the purchase of the 59-acre site closely follows the announcement last month when The Club […]
The UCLA Center for Health Policy Research and the Insight Center for Community Economic Development released new data last week that showed that a senior living along in Los Angeles would need twice the media income (based upon $17,029) to survive. In all 58 California counties, long-term health care is far out of reach for […]
In one of the more catchy domain names for senior living in recent memory, www.makewayformom.com, provides a very memorable web address for Home Instead Senior Care (“Home Instead”). Home Instead recently released a survey that showed 43 percent of adult caregivers in the U.S. ages 35 to 62 live with the parent, stepparent or older […]
Earlier this month, Comptroller of the Currency, John C. Dugan warned that reverse mortgages pose significant compliance risks and said regulators should get out in front of this issue, before real problems develop, so that these loans are made “in a way that is prudent for both lenders and borrowers.” This statement has brought up […]
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