When real-estate investment trusts (REITs) come to mind, most people think of office buildings or industrial facilities, says a recent REIT.com article, not entertainment-themed assets and senior living facilities. However, one REIT, CNL Lifestyle Properties, is making a wide variety of investments that reflect peoples’ activities outside their vocations, and has even branched out to […]
Category: Career
Soon, it might not be necessary to visit Grandma and Grandpa to hear stories about when they were kids, as what may be the next “big thing” in social networking has just been launched. Aimed at enabling friends and family to stay connected while preserving and sharing memories, Proust is an interactive website that allows […]
Summertime is shorts weather, but we’re not talking about the “Bermuda” type. In the spirit of summer reading, I just finished “The Big Short” by Michael Lewis, author of the books “Liar’s Poker” and “The Blind Side.” For those who have not read “The Big Short”, it examines different business people taking short positions against the subprime […]
Sunrise Senior Living (NYSE: SRZ) said it entered into an agreement with the Pennsylvania Department of Public Welfare (DPW) to have its Quadrangle Continuing Care Retirement Community in Haverford, Penn., license reinstated after it was revoked in April for what the agency called gross incompetence, negligence and misconduct. An investigation into the facility using a hidden camera recorded three employees […]
Are you thinking about doing a remodeling project to carve out a space for an aging loved on? Before you get started, you may want to spend time reviewing books on the process and looking at examples to help spur your imagination. A new book, In-laws, Outlaws, and Granny Flats: Your Guide to Turning One House […]
The MetLife Foundation is calling for entries to its 16th Annual MetLife Foundation Awards for Excellence in Affordable Housing. This year’s competition is focusing on the area of green and service enriched affordable housing for seniors. The deadline for entries is May 31, 2011. “Decent affordable housing is needed in all sectors of our community, […]
With special funding programs for affordable senior housing developments, the Valley is booming with new projects to address the growing number of baby boomers entering retirement reports the Fresno Bee. Over the last four months, two affordable senior housing projects have broken ground and construction on another is expected to start by the end of […]
Health Care REIT, Inc. (NYSE:HCN) has completed the formation of its $890 million partnership with Benchmark Senior Living. Announced in February 2011, the partnership includes 34 high quality private pay senior housing communities with an $890 million investment balance that closed effective March 28. “The Benchmark Senior Living transaction underscores Health Care REIT’s ability to […]
Winter Park Construction has broken ground on Serenades by Sonata in Longwood, FL, a new senior living retirement community that will offer memory care services as well. The $4.1-million Serenades community is part of a pilot project for the Sonata Health Care Group. The design will be used as a template for future purpose-built Alzheimer’s/memory care communities. […]
Business First is reporting that Summit Development Inc. has begun work on a new $8 million senior housing complex in Lousivell’s east end. Expected to open by the end of the year, Brookstone Senior will include 56 two bedroom units for residents age 55 and older with an income no more than 60 percent of the […]
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