Pilgram Home, a Christian nursing care home in the United Kingdom, faced a funding scare recently over the opinions of it’s residents regarding homosexuality. The local city council originally had revoked its grant to the nursing home because the home hadn’t been acting according to the requirements of the Labour government’s Equality legislation and Sexual […]
Category: Senior Housing
After the release of Medicare’s Five Star Rating System for nursing homes in the United States, many small town newspapers and TV stations are running stories about their local facilities and the ratings that are provided by the system. Some of the coverage provides a balanced view of a nursing home’s rating while others focus […]
Birchez Associates LLC, announced the start of construction for of The Birches at Chambers, a $15 million, green-friendly 66-unit development for seniors. The new senior housing project will be LEED® certified and comprised 52 one-bedroom and 14 two-bedroom units. Eight of the units will be income directed and the remaining 58 units are set according […]
For those people who thought sub-prime mortgages and fancy CDO/CMOs were creative accounting, you haven’t seen the latest iteration of creating accounting: increased state taxation in order to receive more funding from Medicaid. Florida Health News’s article, Please Tax Me So I Can Earn More, is a fascinating view into the crazy funding crisis Florida […]
Nationwide Health Properties, Inc. (NYSE: NHP) announced yesterday that NHP’s Board of Directors elected Douglas M. Pasquale as Chairman of the Board and Robert D. Paulson as Lead Independent Director. Both Mr. Pasquale and Mr. Paulson are currently directors and will take effect prior to this year’s Annual Meeting of Stockholders. Mr. Pasquale will succeed […]
The Citi Foundation last month announced it is providing funding to local community development organizations in 20 urban communities across the country to support innovative, physical development and rehabilitation projects – known as “place-based initiatives” – that champion the long-term or large scale revitalization of low- and moderate-income communities. The Citi Foundation is offering the […]
Skilled Healthcare Group, Inc. (NYSE:SKH) announced its unaudited consolidated financial operating results for the three- and twelve-month periods ended December 31, 2008 with a net income of $10.3 million in the fourth quarter of 2008 and net income in 2008 of $37.2 million, or $1.01 per diluted share (full press release or 8-K). Revenues were […]
Ever wonder who is doing a lot of reverse mortgages and where? The data presented here is provided by the Department of Housing and Urban Development (HUD) and represents reverse mortgages that are insured by HUD during the month of January 2009. HUD releases this data each month and we’ll provide the summary data and […]
Dominium Development and Acquisition, LLC recently announced the completion of a major renovation of an aging apartment community designed specifically to serve seniors and disabled persons in need of affordable housing. Messenger Towers Senior Apartments was built in 1973 under the Section 8 project-based housing program. This federal housing program subsidizes rent for low-income residents […]
Management consulting and restructuring firm, FTI Consulting, is looking to add staff this year and specifically mentioned that senior housing companies will need assistance this year. The Reuters article talks in broad generalities around assisted living facilities and retirement homes without naming specific names. FTI is a top-tier management consulting firm with its root in […]
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