On Tuesday, Sunrise Senior Living (NYSE:SRZ) announced that its expects to take additional pre-tax charges of $22.8 million dollars in the 1st quarter of 2008 and also expect to book an impairment charge of $50 million dollars associated with its hospice line of business. This announcement follows the the company’s suspension of most of its […]
Category: Senior Living
Are Arizona ghost towns & myths prevalent in today’s society? The answer is yes for a senior housing developer in the Tuscon, Arizona area. The Pima County board is supporting a developer’s proposal for the rehabilitation of the Ghost Ranch Lodge at the Miracle Mile landmark. The old resort is in a dilapidated area of […]
Between rising commodity prices, the increasing cost of capital, the re-pricing of risk and a credit market that is thoroughly in disrepair, a survey showing the average prices for different types of senior housing rising should not be a surprise. According to results from an analysis by Irving Levin Associates, the average price paid per […]
Southern California is starting to get concerned about the exodus of seniors leaving the area for cheaper areas and is starting to do something about it. As pressure increases to keep seniors in Orange County, municipalities are looking at solutions to keep seniors in the area by re-examining some zoning policies that have age restrictions. […]
For the most part, it’s a safe bet to be long on senior housing according to an article in Barron’s this weekend. For those of you who don’t subscribe to Barron’s Weekly, there was an article in the paper over the weekend touching on the theme that anything housing-related has taken a beating in the […]
As seniors start looking to move into different types of senior housing, the disposition of their current residence can be difficult to manage and obtain the highest possible price. As the housing market decline continues, some senior communities are enlisting consultants to work with seniors that are looking to buy in these communities. A fallout […]
As private pay centers grow across the United States, the question of whether these types of facilities will ever accept state or federal aid as payments for monthly rent in these units. Nationally, assisted living costs an average of $2,969 a month, or $35,628 annually, according to the American Association of Homes and Services for […]
On February 26, the Center for Medicare and Medicaid Studies released its report of “Health Spending Projections Through 2017: The Baby-Boom Generation Is Coming to Medicare” that showed that home health care spending is projected to grow by 9.2% in 2007. The study projects that home health is expected to grow approximately 7.7% per year. […]
As more senior housing developments are being developed with public housing funds, the questions regarding updating and improving existing senior housing projects arise. Some senior housing projects are so old and out of date that demolishing rather than rehabbing and refurbishing these older buildings and complexes. The state of Connecticut has been using its Small […]
The decline in U.S. home prices continued to accelerate in the 4th quarter according to the S&P/Case-Shiller national home price index. The drop was the largest in the index’s 20 year history. The lower home values threaten the economy by making consumer feel less wealthy and less willing to spend money on discretionary items. This […]