NREI_SENIORS HOUSING_ Penton Media July 27, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/720 SENIORS NEWS --For-Profit Developer Fills Void in Continuing Care Retirement Communities By Jane Adler Despite the steep housing downturn, one for-profit developer is moving ahead with plans for two new continuing care retirement community (CCRC) projects, a seniors housing segment historically dominated by non-profit operators. Integrated Development Group (IDG) has a couple joint-venture projects under way with the National Electrical Benefit Fund (NEBF), a Washington, D.C.-based pension fund. IDG is headed by Matthew Phillips, a former executive at Classic Residence by Hyatt, a big for-profit CCRC developer and owner. To view the full article go to: http://nreionline.com/seniorshousing/for_profit_developer_retirement_communities_0727/ --Assisted Living Avoids Big Slide in Occupancy Amid Housing Downturn By Jane Adler Occupancy rates at assisted living facilities remain healthy, despite the sharp economic downturn. According to a comprehensive study just released by a consortium of industry groups, the average occupancy rate among buildings open at least 12 months is 94.1%. That's only about 1% lower than when the study was last conducted three years ago. The survey of 500 assisted living facilities occurred during the first three months of 2009. To view the full article go to: http://nreionline.com/seniorshousing/assisted_living_occupancy_0727/ ROUNDUP --Innovative Concept Targets Active Baby-Boomer Retirees Staff report Oceanic Retirement Communities of America (ORCA) has started taking reservations for a program that will allow seniors to own a condo on a private residential cruise ship that also provides both the independent and assisted living accommodations typically found in land-based facilities. "People retire to Florida for three things mainly -- warm sunshine, golf, and the water," says Mel Medina, president of ORCA. "This is a unique package that provides for all that, plus a wellness capability." To view the full article go to: http://nreionline.com/seniorshousing/innovative_conceptactive_baby_boomer_retirees_0727/ --Ventas Records Gain of More Than $35 Million on Sale of Non-Performing Facilities Staff report Ventas Inc. has sold six underperforming skilled nursing facilities to its tenant, Kindred Healthcare Inc., for a total cash consideration of $58 million. The transaction includes a $55.7 million purchase price and a $2.3 million lease termination fee. The deal was announced July 1. Chicago-based Ventas expects to record a gain of more than $35 million from the property sales transaction in the second quarter. The gain will be excluded from funds from operations. To view the full article go to: http://nreionline.com/seniorshousing/ventas_records_gain_0727/ --Research & Special Reports: Highlights *Real Estate Investment Quarterly Report (http://viewer.zmags.com/publication/8dc7d238#/8dc7d238/1) *Seniors Housing Section (http://nreionline.com/seniorshousing/) *Join the Seniors Housing Community (http://w.on24.com/r.htm?e=142753&s=1&k=BDC5CB42A164467C35CB0A828EB0A819&partnerref=nrei) *Seniors Housing Research (http://nreionline.com/seniorshousing/research-offer/index.html) *Distressed Section (http://nreionline.com/distressedinventory/) *Green Directory (http://nreionline.com/greenguide-landing/index/) Advertisement ---------------------------------------- Maximize Your Senior Housing Investment! The Appraisal of Nursing Facilities provides practical instruction on the valuation process for skilled nursing facilities. Published by the Appraisal Institute, the text explores long-term care facilities from physical and economic perspectives. Order Now! www.appraisalinstitute.org/NFNREI ---------------------------------------- Featured Research ---------------------------------------- *Top 25 Brokerages 2009 (http://nreionline.com/research/nrei-top-25-brokerages-0401/) *Seniors Housing Research (http://nreionline.com/seniorshousing/research-offer/index.html) *Distressed Real Estate (http://nreionline.com/distressedinventory/) *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) ---------------------------------------- Advertisement ---------------------------------------- Learn how Freddie Mac is here for the multifamily market. 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Contact us for your seniors housing valuation needs including the new 232 Lean Program. http://www.principlevaluation.com/ ---------------------------------------- ---------------------------------------- For additional information on seniors housing, please visit: http://www.cambridgecap.com/filebin/pdf/CambridgeProvides159MillionFHAInsuredHUD232LoanToRefinanceSkilledNursingHomeinILJuly105.pdf ---------------------------------------- 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. 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