NREI_SENIORS HOUSING_ Penton Media February 23, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/665 SENIORS NEWS --Memory-Care Facilities Provide Safe Haven for Investors By Jane Adler In search of a sure bet in uncertain times, investors are turning their attention to housing for persons with dementia. While many seniors stay put in their own homes until the resale market rebounds, elderly persons with severe memory impairments usually cannot age in place. Nursing homes, assisted-living and dementia-care facilities are often the only housing alternative for those who need round-the-clock supervision. The LaSalle Group plans to capitalize on the trend. The Irving, Tex.-based company develops and owns nine Autumn Leaves dementia-care facilities. Seven buildings are in the Dallas area, with two in the Chicago area. Another building is under way in the Chicago suburbs, with plans to build three more there. A facility is also under way in the Dallas area. The company plans to expand to Houston in the near future. To view the full article go to: http://nreionline.com/seniorshousing/memory_care_facilities_safe_haven_0223/ --Clarett Group Acquires FountainGlen Portfolio Management By Jane Adler In a sign that seniors housing is perhaps one of the only safe havens for commercial real estate investors, multifamily property owner and developer the Clarett Group has purchased a seniors housing company with plans to expand the brand. New York City-based Clarett bought FountainGlen Portfolio Management of Irvine, Calif. The company includes a property management company and a development business. FountainGlen manages and develops upscale apartment buildings for persons age 55 and older. The firm currently manages 10 properties in Southern California. The properties were developed by FountainGlen and are owned by an institutional investment partnership. To view the full article go to: http://nreionline.com/seniorshousing/clarett_group_fountainglen_portfolio_0223/ ROUNDUP --Seniors Housing Tidbits Staff report Ventas Completes Sale of Four Seniors Housing Properties Ventas Inc. (NYSE: VTR) recently closed on the sale of four seniors housing properties to affiliates of Benchmark Assisted Living for $58.7 million. The assets are located in Massachusetts and include 403 units. Ventas expects to record a gain of approximately $11 million on the sale. The purchase price represents an 8.5% capitalization rate. To view the full article go to: http://nreionline.com/seniorshousing/seniors_housing_tidbits_0223/ Advertisement ---------------------------------------- Join a panel of industry experts in a lively discussion of the operating and financing challenges -- and opportunities -- in today's seniors housing environment for each property type. Find out what trends are emerging in this troubled economy and where you might find the silver lining! http://www.nic.org ---------------------------------------- Featured Research ---------------------------------------- *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) *ASHA 2008 (http://nreionline.com/research/issue_20080901_1/) *Top 25 Office Owners (http://nreionline.com/research/real_estate_top_office_owners_0701/) *Top 25 Apartment Owners (http://nreionline.com/research/real_estate_top_apartment_owners_0701/) ---------------------------------------- Advertisement ---------------------------------------- Principle Valuation specializes in the seniors housing industry. Our team has completed valuations, market studies, and other services for thousands of communities, assisting our clients with acquisitions, insurance, litigation, and conventional or FHA 232 financing. Contact us for your seniors housing valuation needs including the new 232 Lean Program. http://www.principlevaluation.com/ ---------------------------------------- NREI Interactive Products ---------------------------------------- ON-DEMAND WEBINAR Transparency in TICs (https://event.on24.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=118240&sessionid=1&key=57C0EF10417024A116BEFFEBCB8B6986&partnerref=rrep3&sourcepage=registe) A complimentary Webcast explaining how Tenant-In-Common (TIC) properties are packaged, marketed ... JOHN P. LEVY PODCAST Where Have All the Flowers Gone? (http://nreionline.com/jblevypodcast/) Here's three borrowing tips for executing deals in what will likely be another tumultuous year in the capital markets. ---------------------------------------- Advertisement ---------------------------------------- Now in its third year, the Symposium provides educational sessions and networking opportunities for local and regional operators and financiers in the seniors housing and care industry. Gain insights into recent market trends for 2009 and hear analyses from expert industry leaders. Click here for more information: http://www.nic.org/events/symposium/. ---------------------------------------- ---------------------------------------- Strategies For Reinventing Retail Space This Webcast will look at tips for how empty space can be used in a way that generates foot traffic and cash flow. We'll explore strategies and incorporate real-life examples of what some creative owners and retailers have done to weather the weak retail environment and keep dark space from harming healthy retailers that are operating. It will look at solutions such us bringing in tenants that aren't reliant on sales for success, but can help generate traffic for existing retailers. Further, it will look at how landlords and economic development officials can best position existing properties to work with tenants that are expanding. http://w.on24.com/r.htm?e=134481&s=1&k=1BE4C37C5E5810C22C30A98829FA6492&partnerref=nreinl468 ---------------------------------------- ABOUT THIS NEWSLETTER You are subscribed to this newsletter as #email# To subscribe to this newsletter go to: http://subscribe.nreionline.com/?tc=NLSUB To unsubscribe from this newsletter go to: http://subscribe.nreionline.com/?tc=NLSUB&cid=#message_id#&lid=#list_id#&email=#email# For information on advertising in this newsletter, please contact Marianne Rivera at 312-840-8466 or by email at mailto:marianne.rivera@penton.com. For questions concerning delivery of this newsletter, please contact our Customer Service Department at: US Toll Free: 866-505-7173 International: 847-763-9504 or mailto:nreionline.com@pbinews.com To get this newsletter in a different format (Text or HTML), or to change your e-mail address, please go to your profile page here: http://subscribe.nreionline.com/?tc=NLSUB&email=#email# Penton Media | 249 W. 17th Street | New York, NY 10011 Copyright 2007, Penton Media. All rights reserved. This article is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of Penton Media.