The Motion Picture & Television Fund (MPTF), the entertainment industry’s health and social services charity, announced a change of resources under which the group’s hospital and long-term care facility will be phased out in favor of community-based programs that focus on allowing seniors to age in place in their homes for as long as possible. […]
Category: Senior Housing
Last week, the Consumer Electronic Show (CES) had its inaugural Silvers Summit at the show and displayed some cutting edge technology and products that focus on the growing senior demographic. Participants included hospitals, nonprofit groups, retailers, insurers and dozens of entrepreneurs, many of whom got involved after personally experiencing what it is like to care […]
Despite the credit crisis and tightening credit requirements in the mortgage market, data released in December by the Department of Housing and Urban Development shows that on a calendar year basis, the number of federally insured Home Equity Conversion Mortgages (HECMs) closed in 2008 grew 6.4% to 115,176 loans. A more detailed analysis of HUD […]
Kay J. Miller, M.S.W. of Life Care Retirement Communities (LCRC) in Des Moines, IA, recently returned from Kyoto, Japan where she presented the Green House® Project to a global audience. This innovative long-term care potion emphasizes cultural change for residents and staff. Green Houses are part of a broadening movement to humanize care for elderly […]
The American Association of Homes and Services for the Aging’s (AAHSA) President and CEO Larry Minnix applauded the introduction of S. 118, the Section 202 Supportive Housing for the Elderly Act of 2009. The proposed legislation would strengthen the U.S. Department of Housing and Urban Development’s (HUD) Section 202 Supporting Housing for the Elderly Program […]
A few weeks ago, we posted about Mirabella Seattle opening early and just last week the San Mateo County Times ran a piece about Mirabella San Francisco Bay being delayed due to its inability to find construction financing. The developers are looking to resume construction once financing has been obtained but the letter from the […]
Ventas, Inc. (NYSE:VTR) (“Ventas” or the “Company”) announced last week that it has closed on the sale of four seniors housing assets to affiliates of Benchmark Assisted Living (collectively, “Benchmark”) for an aggregate sale price of $58.7 million. The assets are located in Massachusetts and contain 403 units. The sale was made pursuant to a […]
Last week, the Baltimore Sun reported that Erickson Retirement Communities laid off 260 employees and blamed the layoffs on the recession. The company announced that most of the jobs cuts came from positions at its corporate headquarters and included staff in the construction and development areas. This trend seems to follow some of the other […]
Brookdale Senior Living Inc. announced last week that the Company’s average occupancy for the fourth quarter of 2008 was flat with the third quarter of 2008 and that the Company experienced a growth in revenue per unit. Bill Sheriff, Brookdale’s CEO, said, “During the quarter, in spite of a challenging market environment, we retained the […]
Last week, National Health Properties, Inc. (NHP) entered into a sales agreement with Cantor Fitzgerald & Co. to sell up to 5,000,000 shares of its common stock through a controlled equity offering with a proposed aggregate value of over $129,000,000 based upon last week’s stock price. The company intends to use the proceeds for general […]
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