The residents of Essex Meadows in Connecticut are making a bold ‘green’ statement by planning on installing solar panels in their facility to offset the costs of rising energy besides being a environmentally friendly retirement community. Essex Meadows’ list of environmental amenities includes geothermal heating and cooling, native-plant meadows instead of lawns, and an environmental […]
Category: Senior Housing
Cook County Sheriff has announced its suspending evictions for foreclosures where lenders do not provide adequate notice to people that are living in houses as a tenant rather than the owner. The sheriff’s office has seen almost double the number of foreclosures from last year and the suspension on evictions has received a large amount […]
There was a letter to the editor posted in the Dallas Morning News responding to an article covering the release of the report stating that 90% of nursing homes were not providing adequate care. The letter was written by a husband and wife couple that have parents in nursing homes. The best line in the […]
Senior marketing agency Walker Marketing was recently honored by the National Active Retirement Association (NARA). The agency received 12 awards for its work on behalf of The Cascades at Verdae, a continuing care retirement community (CCRC) in Greenville, S.C. and The Cardinal at North Hills, a CCRC in Raleigh, N.C. Among the numerous recognitions, Walker […]
Brookdale Senior Living (NYSE: BKD) shares took a nose dive last week over concerns about their levels of debt. With the market rising today almost 1000 points, BKD’s shares ended the day lower. Not exactly a vote of confidence when almost 90% of the NYSE stocks traded higher. Even though Fortress Investment Group, a large […]
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 […]
The U.S. House Education and Labor Committee held a hearing early this week on the impact the credit crunch is having on retirees 401k plans. On the same day, AARP release two reports examining the state of Americans’ retirement and financial security. The findings of these reports paint a bleak picture for retirement dreams right […]
TheStreet.com posted a video interview with Granger Cobb, CEO of Emeritus Corp. and he tries to explain why he thinks the senior housing business is ignoring the market’s turmoil. The piece discusses that Emeritus is only down 5% this year, which is better than the broader market. Cobb states that moves by seniors into their […]
A few weeks ago, the Assisted Living Federation of America (ALFA) CEO testified before the Senate Special Committee on Aging. The hearing called Honoring Final Wishes: How to Respect Americans’ Choices at the End of Life discussed the importance of respecting end-of-life choices by again Americans and discussed the deference to a senior’s decisions about […]
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 […]
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