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Senior Living News Wire

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Archive for March, 2011

NewImageNational Real Estate Investor is reporting that real estate investment trusts (REITs) are on a buying binge, buying up up nearly $27 billion worth of seniors housing during the last six months

Several factors are driving the purchases, led by an improving economy and lower costs of capital.  Real estate fundamentals in the industry are also stabilizing, with the average occupancy rate remaining at 87.6% during the fourth quarter of 2010 according to the National Investment Center for Seniors Housing & Care Industry.

Investors anticipate growing demand for seniors housing as the population of older people soars. Also, new construction has been constrained because financing is scarce. “Seniors housing has great market fundamentals,” said Ray Lewis, president of Chicago-based Ventas Inc. (NYSE:VTR) during an interview with the publication.

Why Health Care REITs Are Bullish on Seniors Housing

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Lutheran Homes Society (LHS) announces the appointment of Angela Powell as Executive Director of Lutheran Memorial Home in Sandusky, an extended care facility in Erie County providing skilled nursing care, rehabilitation services, and respite care.

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Mr. John Sweeney has been named Administrator for Masonicare at Newtown, Masonicare’s long-term care, in- and out-patient rehabilitation and assisted living campus on Toddy Hill Road in Newtown.

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Participation in wellness programs by Glenmeadow Retirement Community residents is significantly higher than the national average.

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Cross Keys Village – The Brethren Home Community has become the newest site for the Pathways Institute for Lifelong Learning®, a unique learning program specifically designed for adults “55 and better.”

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Today at 3 p.m., residents at the Bethany Village retirement community in Mechanicsburg will head out for some serious snow tubing at Ski Roundtop.  This year, three dozen residents signed up to participate in the trip, including some who just want to watch from the cozy lodge and enjoy hot soup and sandwiches.  The residents who are tubing range in age from 66 to 93 years young, and they can’t wait to hit the slopes for some action.

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In an effort to share ideas and technologies to help seniors age independently and healthfully in their own homes, France’s Minister of Aging (Mme. Roselyne Bachelot), members of the French Parliament,  and AARP leadership will visit Selfhelp’s senior center in Flushing, NY, to discuss and observe new services and technology beneficial to seniors.  Comprehensive studies have shown that seniors prefer to age at home, which may offer particular benefits in terms of health, emotional welfare, independence, and economics.  The possibility of aging at home depends to a great degree on new advances and accommodations that must be put into place relating to technology, services and housing.

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On March 4, 2011, the U.S. Department of Housing and Urban Development (HUD) released the Section 202 FY2010 notice of funding availability (NOFA) and ushered in changes to the NOFA to better align the Section 202 program with HUD’s strategic plan and the goal of using housing as the platform for successful service delivery.

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