Horizon Bay Retirement Living (Horizon Bay), a national seniors housing operator based in Tampa, Florida, announced that it has started managing three continuing care retirement communities (CCRC) in Florida. Regency Oaks in Clearwater, Lake Port Square in Leesburg, and South Port Square in Port Charlotte, have a totalof 1,694 residential units for seniors. The deal […]
Category: Senior Housing
Topretirements.com, a provider of information on various retirement locations, recently published its top 25 places for retirement. The methodology used was simple. They took the most searched locations on their website and used that information as their bench mark. While they don’t provide information on traffic, Quantcast estimates that approximately 14,000 people visit their site […]
Earlier this week, American Land Lease Inc (ANL.N:)a real estate investment trust, agreed to be acquired by private equity investment firm Green Courte Partners LLC for $14.20 a share in cash – roughly a 200% percent premium to the stock’s closing price on Tuesday. Green Courte will acquire the company for $438 million, including assumption […]
Affordable Housing For Seniors & New York City? Sound like an oxymoron? Maybe not…..The New York Times ran an interesting Q and A session with Judy Milone, the Assistant Director of the Member Services Department at the Federation of Protestant Welfare Agencies. She fielded selected questions about what kind of assistance is available to seniors […]
The Federal Home Loan Bank of Boston (the Bank) recently awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities.In all, 24 initiatives in eight states received more than $22.8 million in grants, loans, and rate subsidies as part of the […]
Crismon Peaks Assisted Living LLC recently announced plans for the opening of their upscale luxury Assisted and Independent Living Community nestled at the base of the Superstition Mountains in Mesa, AZ. This community of luxury, custom-built, eco-friendly homes has been developed on 6 acres of desert vista. This newly built property features 3 of 6 […]
Unum (www.unum.com), a large provider of employee benefits products and services in the United States and the United Kingdom, provided an annual review of sales and claims trends each fall in recognition of Long Term Care Awareness Month in November. The company’s survery and results show a dramatic trend indicating Americans’ desire to “age in […]
Paric Corporation stated it completed a $42 million senior living community for the Stratford Companies in Carmel, Indiana earlier this month. The 337,000-square-foot continuing care retirement community is one of the first developments of its kind in the Indianapolis area. The development includes 172 apartments and a total of 400 rooms available to serve a […]
Fortress Investment Group, a 10% owner of of Brookdale Senior Living, liquidated a substantial portion of its equity holdings in order to meet its margin calls late last month. According to Brookdale Senior Living’s SEC Filings, Fortress and its affiliates sold over 100 million shares. Their 8-K stated that: On November 28, 2008, Fortress Investment […]
Sunrise Assisted Living Inc (SRZ) announced last week the receipt of approximately $8.3 million of proceeds resulting from the refinancing of the existing debt of one of its joint ventures. As disclosed last week by Ventas, Inc., a venture owned 85 percent by Ventas and 15 percent by Sunrise closed eight first-mortgage loans with Freddie […]
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