HCP (NYSE:HCP) announced that it has placed $140 million of 5-year secured debt on four of its senior housing assets and $179 million of 8-year secured debt on 12 of its senior housing assets. The assets are cross- collateralized and the debt has a weighted average interest rate of 6.39%. Fannie Mae purchased the secured […]
Category: Nursing Homes
The U.S. Department of Health and Human Services’ Office of the Inspector General released a report last week detailing the "Trends in Nursing Home Deficiencies and Complaints" that paints a dismal picture showing that over 90% of that nation’s nursing homes were cited for federal violations from 2005-2007. The most common deficiency categories cited in […]
The Federal Reserve recently released its comprehensive report on banks’ 2007 lending practices that showed that overall mortgage lending dropped sharply. Total originations dropped 25% from 2006 and that nearly one in three applicants were denied. The reports findings are based upon information collected from mortgage lending institutions under the Home Mortgage Disclosure Act of […]
The industry trade group, America’s Health Plans released a press release and report last week that shows Medicaid spending for long-term care will expand at a faster rate than overall U.S. health-care spending, Medicare expenditures and and the overall economy. The report shows state Medicaid programs will spend $1.6 trillion on long-term care expenses over […]
Catholic Health Initiatives announced today a $6 million gift to Mercy Housing for its affordable homes for low-income families, seniors and people with special needs in Omaha and Lincoln, Neb., and Council Bluffs, Iowa. Catholic Health Initiatives, the second largest Catholic health system in the country, is also one of the largest health care providers […]
The National Investment Center for the Seniors and Care Industry (NIC) recently released it’s study that can help operators better understand the relationship between the environments they provide and how they impact their residents was the winning paper in the 2008 Seniors Housing & Care Journal. The paper, entitled “A New Tool for Evaluating Senior […]
Last week, the King County Housing Authority completed the Nia Apartments, its first new public housing for seniors and disabled residents in 26 years. One week later, it is fully leased. The new 82-unit, four-story apartment complex, which is located in the Greenbridge community in White Center, offers residents spacious, light-filled apartments with well-appointed kitchens. […]
In a similar chord (pun intended) to the Country Music Association launching a retirement center, the stars of television attended a fund-raiser Sunday night to raise money and support for the Motion Picture & Television Fund. The event raised almost $1.5 million for the fund that provides relief for those in the film industry who […]
Nationwide Senior Care Company Provides FREE Assistance for Families Seeking Elder Care Guidance for Aging Loved Ones A Place for Mom, the nation’s largest senior care referral service, is available to seniors seeking relocation options in areas hit by Hurricane Ike. The path of Hurricane Ike ripped through twelve states leaving hundreds of thousands without […]
U.S. Secretary of Commerce Carlos M. Gutierrez announced today that residents of licensed nursing homes, intermediate care facilities, assisted living facilities and households that use a post office box for mail delivery will be eligible to request coupons from the TV Converter Box Coupon Program. The rule change takes effect 30 days after publication in […]
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