Last week, HCP (the “Company”) (NYSE:HCP – News) announced results for the quarter ended December 31, 2008. Funds from operations (“FFO”) applicable to common shares was $121.5 million, or $0.48 per diluted share, for the quarter ended December 31, 2008, compared to FFO applicable to common shares of $117.2 million, or $0.54 per diluted share, […]
Category: Senior Housing
The oft-neglected problem of grandparents raising grandchildren is getting some unique assistance in Milwaukee from a housing perspective. The Milwaukee Journal Sentinal ran a story last week entitled, Kid-friendly senior housing proposed, profiled a development on Milwaukee’s north side that would create a 47 unit, $10 million affordable, senior apartment complex called Villard Square. The […]
The topic of moving a senior from one level of care to another has always been a topic of conversation and frustruation amongst residents and facility administrators. The court system has ruled that facility administrators has a duty to provide a resident with medical care based upon the level of need and cannot delegate that […]
The Gay and Lesbian senior housing movement is heading east. Bellevue Senior Living has transformed a historic manor into a shared single-family residence actively welcoming GLBT seniors (they are accepting straight seniors, too). Bellevue Manor is the first of its kind to provide gay seniors with the opportunity to maintain their current lifestyle with like-minded […]
American Baptist Homes of the West (ABHOW) recently announced that CARF-CCAC – the industry accreditation governing body – has awarded all ten of ABHOW’s communities with five-year accreditation in recognition of its ongoing high-level performance in continuing care retirement communities. The Continuing Care Accreditation Commission (CCAC) was founded in 1985 as the nation’s only accrediting […]
With the passage of Obama’s stimulus package, The Housing and Economic Recovery Act of 2008, and the President signing it into law, we can look at how the package will provide some housing opportunity although not nearly as much as some people would like. Many trade groups are patting themselves on the back and taking […]
Cornerstone Growth & Income REIT, Inc. recently announced that it finalized the purchase of a 91 unit, assisted living facility near the Highland Park area of northern Dallas, Texas. The property marks the first acquisition in the REIT and spotlights the strategic alliance that was formed between Cornerstone Real Estate Funds and Servant Healthcare investments. […]
Churches, such as First Lutheran Church in Sandpoint, Idaho, and their senior housing development partner Ecumen, see aging as an opportunity to help people live better and expand ministries. The two recently collaborated on Luther Park at Sandpoint, a new senior housing community that opened in December 2008. Ecumen, affiliated with the Evangelical Lutheran Church […]
Miller-Valentine Group recently announced the beginning of construction of Lyons Place Elderly Housing, a project with long-time partner, St. Mary Development Corporation (SMDC). Lyons Place will provide 67 affordable units (62,000 square feet) on SMDC’s existing Hoover Place campus at 1300 Genesis Way, Dayton, Ohio. These units are designed specifically for the lifestyle needs of […]
Ventas, Inc. (NYSE:VTR) (“Ventas” or the “Company”) announced yesterday that normalized Funds From Operations (“FFO”) for the year ended December 31, 2008 rose two percent to $2.74, from $2.69 for the comparable 2007 period. Normalized FFO for the year ended December 31, 2008 increased 16 percent to $383.2 million, from $330.6 million for the comparable […]
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