As the financial crisis continue forward for all of America, a growing concern is the rise of financial trouble for seniors as the value of not only their homes decline but also their retirement savings being eroded by either the stock market or the need to spend those funds more quickly for day to day […]
Category: Senior Living
The Pennsylvania General Assembly recently passed a bill that establishes a separate category for assisted living facilities in the state separate from the current category that classifies them them same way as personal-care homes or personal care providers. Many states have already made this designation a part of their state law and others, such as […]
Sunrise Senior Living (NYSE: SRZ) reported a loss of $31.8 million in the second quarter, compared to a profit of $8 million for the same quarter last year. Adding that to the first quarter loss of $33.1 million, the Mclean, Va.-based retirement community operator lost $64.9 million in the first six months of this year, […]
With the recent government take over of Fannie Mae and Freddie Mac, many people are proclaiming that this may be the first step towards setting the housing market back on the right course. Whether you agree with this or not, its important to realize that this will provide some additional support for the senior housing […]
Today Fannie Mae announced on September 3rd that they would be discontinuing their Home Keeper reverse mortgage product. With the Housing and Economic Recovery Act of 2008 being signed into law, the product has become obsolescent based upon that legislation. Below is a copy of the announcement from FNMA. As you are aware, Congress passed, […]
Home Care Franchises are springing up across the country and beginning to compete more consistently with local entrepreneurs in various markets. Approximately 11,000 licensed home-care businesses served 7.6 million people last year, according to the American Association of Homes and Services for the Aging. Many fledgling entrepreneurs are entering this market, seeing that there is […]
Rob and Jennifer Liebreich started SeniorDecision.com about one year ago with the goal of providing a comprehensive listing of home health care, independent living, retirement communities, assisted living, Alzheimer’s care, and nursing homes that provide peer to peer consumer ratings and reviews. The site provides an exhaustive listing of facilities throughout the United States that […]
Premier Assets Valued at $715 Million Concentrated in New York, Los Angeles and Chicago TOLEDO, Ohio–(BUSINESS WIRE)–Sept. 2, 2008–Health Care REIT, Inc. (NYSE:HCN) has entered into an agreement with an affiliate of Arcapita, Inc. to acquire its 90% interest in a venture owning 29 senior housing properties managed by Sunrise Senior Living, Inc. (NYSE:SRZ) for […]
As the market for residential real estate continues to be dismal, should we look at the flip side of the coin for those seniors who are beginning to examine retirement locations? Putting aside the sale of their current residence, could the most popular places for retirement such as California, Florida and Nevada be some of […]
Two senior housing projects are looking to cater to the luxury market for seniors on the Front Range in Denver, Colorado. The goal is to provide a high-end, low maintenance lifestyle with nearby assistance if they need it. The two projects, the Stratford at FlatIrons in Broomfield, CO, and the Balfour Cosmopolitan Club in downtown […]
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