by David G. Stevenson1 and David C. Grabowski
Assisted living has emerged as an important housing and long-term care option for older Americans. To date, development of this sector has occurred largely without government financing or regulation. In this study we used primary data that we collected on county-level assisted living supply to gain a fuller understanding of this sector nationally.
Read more →Hospitals Especially Could Thrive Under Proposed Universal Health Care Winding Through Congress. But The Medical Office Sector Should Remain Healthy Regardless of What Lawmakers Decide
With the mammoth health care reform package hanging in the balance, medical real estate companies will enter 2010 in the throes of debate over the legislation’s potential impact on their business, [...]
WESTPORT, CT – Despite the economy and subsequent fall in market prices, the cost of long-term care has gone up, according to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services and Home Care Costs.
According to the survey, private-room nursing home rates rose 3.3 percent to $219 per day or $79,935 [...]
MERRIMACK – If any one building in town could have a personality complex, it might be the former Merrimack Hotel and Conference Center.
In its near 30-year existence, the Executive Park Drive building has traded hands at least six times. With that has come six name changes. The latest former owners even hoped to spice things [...]
Sep 28, 2009 (FinancialWire via COMTEX) — Select Medical Holdings Corp. (NYSE: SEM) has priced an initial public offering of 30 million shares of its common stock at $10 per share.
This is a primary offering of common shares by Select, with Goldman, Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), BofA Merrill Lynch and J.P. Morgan [...]
NEW YORK CITY-Traditionally considered a recession-proof sector, the seniors housing market is starting to become a bit strained under the weight of the downturn. On the performance side, vacancy rates are going up, while the tough conditions have forced developers to sideline or stall projects.
As with most other commercial real estate sectors, the lack of [...]
Air Force Village, a retirement community near Lackland Air Force Base for military officers and their spouses, will release details on new $145 million expansion project next month.
On Oct. 15, Air Force Village will break ground on The Hill Residences and The Mission.
The Hill Residences will involve the development of 36 apartments specially designated for [...]
Emeritus Corp., a national provider of assisted living and Alzheimer’s care services to seniors, announced that it has been selected by Blackstone Real Estate Advisors (BREA) as manager in conjunction with BREA’s preliminary agreement to acquire approximately 148 communities currently operated by Sunwest Management.
BREA has executed a preliminary agreement with Sunwest, a Salem, Oregon-based operator [...]
PENFIELD — A new assisted living facility on Route 250 in Penfield will create about 75 new jobs and will be home to roughly 90 residents.
Construction workers broke ground on ElderWood Assisted Living at Penfield on July 16, and the facility is expected to open in early 2010, said spokeswoman Barbara Tschamler. There are 90 [...]
FAIRBANKS — The shortage of senior housing in the Interior is a looming issue for the ever-increasing senior population as baby boomers get older and settle into retirement.
Saturday morning’s ground breaking celebration for a new senior housing project was met with bouts of relief and anticipation for what’s to come, especially among members of the [...]
