For 86-year-old Lillian Fisher, her move from Florida into an adult living community in New York was a test of courage.
Accustomed to fending for herself, especially after her husband died a few years ago, Fisher began having health issues. Reluctant at first, she decided to move to a retirement community where a staff cooks and [...]
Treasury Dept. Director Donna Gambrell Surveys New Orleans’ Second Line Stages Film Studio and Other Notable Redevelopment Projects Funded With Tax Credits From National New Markets Fund
Donna J. Gambrell, Director of the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund, traveled to New Orleans last week for a series of visits to community [...]
Group Breaks Ground on Another Senior Care Campus in Lafayette, IN
Commercial construction and development are not a problem at Mainstreet Property Group , despite the turbulent economic conditions affecting other real estate development companies. Trilogy Health Systems is one of the latest recipients of such development services at an estimated $16.6 million in value.
Mainstreet Property [...]
Demographics may point to a bright future for senior housing, but the economy is taking a toll on independent living facilities as many active seniors have seen falling home values and shrinking 401(k) plans negatively impact their own personal finances, giving them less money to spend on senior housing options.
“Independent living is a cruise ship [...]
The financial meltdown of Sunwest Management continues to send shock waves through the investor and seniors housing communities, and raises new questions about how tenant-in-common (TIC) offerings will be marketed and sold in the future.
At its peak, Sunwest was one of the largest assisted living owners and operators with over 275 properties in 37 states [...]
GROSS MARGIN INCREASES 51% ON 19% REVENUE GAIN
FRIENDSWOOD, Texas, May 20 /PRNewswire-FirstCall/ — TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR) (”TrinityCare” or the “Company”), which develops, manages and owns faith-based senior living facilities, today announced its operating results for the first quarter of 2009.
For the three months ended March 31, 2009, total revenues rose [...]
By CHRIS CURLE, DON FARMER
Call it an assisted living center, a continuing care retirement community or just a cool place to live in security and comfort in one’s senior years; we’re about to get a new such place here. The Arlington will be built on more than 38 acres in the Lely Resort by Lutheran [...]
By Sule Aygoren Carranza
WASHINGTON, DC-The first of the Baby Boomers will soon be entering the seniors housing market, and there’s no doubt they will have an impact on the sector like they did on many aspects of society. Given this, the National Association of Home Builders and MetLife Mature Market Institute, based in New York [...]
(RTTNews) – Wednesday, Senior Housing Properties Trust (SNH: News ), reported a rise in funds from operations or FFO for the first quarter, although short of estimates. Revenues for the quarter increased, and exceeded analysts’ expectations.
For the first quarter, the Newton, Massachusetts-based company’s FFO increased to $52.1 million from $38.3 million in the [...]
