Middle Class Britain Squeezed by 60% in Retirement

The number of middle income households in the United Kingdom who face a severe squeeze on their income in retirement is significant and increasing according to a new report from Chatham House. Around 15 million UK households in the middle income group risk a reduction in their income of almost 60% from their pre-retirement income. […]

TimeShare Holdings Announces JV Agreement for $230M Senior Living Project in China

TimeShare Holdings, Inc. (OTCQB: TMSH) recently disclosed that it and Western International External Corporation Ltd. (WIEC) have entered into a Joint Venture agreement with the Shandong Taishan Real Estate Co., Ltd. to finance, construct and secure the long-term management and operation of the Panlongshanshui Senior Healthy Living Center in Jinan City, Shandong Province, China.  The […]

Leisureworld Senior Care Q4 Income Lower On Higher Expenses

Leisureworld Senior Care Corporation (TSX:LW) recently released its  financial results for the year ended December 31, 2010 that showed net operating income (NOI) of $10.9 million compared with $12.0 million in the comparable quarter last year. The year-over-year decrease is primarily attributable to a reduction of the sick time allowance during the corresponding quarter last […]

Manitoba Celebrates 52 New Affordable Senior Housing Units

The Governments of Canada and Manitoba recently announced more than $3 million in joint funding for 52 units of independent, affordable seniors’ housing. The rental apartments will be developed and managed by Bridgepark Manor Inc. and will have 15 two-bedroom units and 37 one-bedroom. "Our government’s Economic Action Plan is delivering for Canadian seniors during […]

Emeritus and Columbia Pacific Advisors to Explore Opportunities For Senior Housing in China

Emeritus Corporation (NYSE: ESC) and Seattle-based Columbia Pacific Advisors (CPA) have entered into a memorandum of understanding to begin exploring the potential to develop senior housing in China.  As part of the agreement, CPA will conduct due diligence with respect to senior living development opportunities in China and if projects emerge Emeritus will have the […]

Edmonton Low-Income Senior Housing Project Gets Underway

Construction began last week on an expansion to provide more housing for low-income seniors in Edmonton, Canada.  The ground breaking event for Emmanuel Home started the expansion of the project that will build an additional 56 one- and two-bedroom suites, 22 of which will be affordable. The expanded facility will contain 149 units in total, […]