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Del Webb Survey Previews Boomer Preferences On Retirement Housing

February 7th, 2010 No comments

The Del Webb division of Pulte Homes recently announced a “preview” of the results of its 2010 Del Webb Baby Boomer Survey.  In late 2009, Pulte Homes conducted a survey among different baby boomer populations that were at the company’s own facilities.  The survey included input from younger boomers turning age 50 in 2010 and older boomers turning age 64 in 2010.  The most important considerations in selection of retirement housing from the respondents were cost of living and healthcare.  The results showed that interest in age-restricted appears to peak after age 50 and those that are planning to move again, almost 10 to 1 indicated a preference for an age restriction in their next choice for housing.

The survey showed some of the following:

  • About 1/3 of Baby Boomers plan to move to a new home during retirement.
  • The desire to move during retirement is on the rise as 42% of today’s 50-year-olds plan to do so as compared to 36% among the 1996 50-year-olds.
  • Approximately 50% of both age groups who plan to move during retirement plan to move to a different state while about 25% of them plan to move to a different city within the same state.
  • The Carolinas are the New Florida among both the younger and older Baby Boomers.  Florida, Tennessee and Arizona also remain Top contenders.
  • 50-year-old’s ranking of where to move: S. Carolina (20%), N. Carolina (16%), Florida (15%), Tennessee (9%), Arizona (8%), California (8%), and Virginia (8%).
  • 64-year-old’s ranking of where to move: N. Carolina (19%), S. Carolina (16%), Florida (15%), Tennessee (12%), Virginia (10%), Arizona (6%), and California (6%).

2010 Del Webb Baby Boomer Survey

NHP Announces Acquisition and Closing of Two PMB Buildings

February 7th, 2010 No comments

Nationwide Health Properties, Inc. (NYSE: NHP) recently announced the acquisition of two medical office buildings under an amendment to the original agreement with Pacific Medical Buildings LLC, a California limited liability company ("Pac Med"), and certain of its affiliates. The two transactions were effective as of February 1, 2010 and included the acquisition of the Pomerado Outpatient Pavilion in Poway, California for an aggregate purchase price of $74.0 million consisting of cash and the issuance of 301,599 units of limited partnership interest in NHP/PMB L.P., a limited partnership, for which a subsidiary of NHP acts as general partner ("NHP/PMB"). 

The other transaction involved NHP entering into a limited liability company agreement and a contribution agreement with PMB Gilbert LLC. Under these agreements, NHP and PMB Gilbert LLC formed a limited liability company (the "Gilbert JV") to acquire the Mercy Gilbert Medical Plaza in Gilbert, Arizona (the "Gilbert Property"). PMB Gilbert LLC contributed the Gilbert Property to the Gilbert JV, and NHP contributed $6.3 million in cash. In addition, NHP agreed to loan the Gilbert JV up to $8.8 million as project financing, including $6.8 million that was disbursed initially. NHP owns a 71.2% interest in the Gilbert JV.

Visit the press release or the 8-K.

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Atherton Breaks Ground on New Senior Apartments In California

February 7th, 2010 No comments

Atherton Baptist Homes celebrated the ground breaking of its newest development the Courtyard last week.  The development, located in the San Gabriel Valley, will consist of 50 luxurious, independent living apartments with underground parking on a 15 acre campus. Located in Alhambra, California, the Courtyard community will feature two and three stories of spacious apartment homes with a variety of floor plans and amenities. The project financed with tax-exempt bonds and designed and built by The Haskell Company of Jacksonville, FL, is expected to take about 14 months to complete.

"The Courtyard represents the most ambitious building project in our 96-year history. Both in size and scope, it is simply breathtaking. Out staff and board are united in believing that this is what seniors are calling for in the next generation of retirement living," said Dr. Dennis E. McFadden, President and CEO Atherton Baptist Homes.

The Value of Home Care And Individuals With Advanced Cancer– The results of a German Study

February 7th, 2010 No comments

Researches from Germany conducted a study to evaluate the significance of home care patients suffering from advanced cancer. Results were published in Med Klin, 15;95(3): 136-42.

Analysis of the study was derived from interviews with relatives of patients with terminal cancer diseases. They had participated in the home care of 50 consecutively treated patients 2 years previously.

The value of home care was evaluated on the basis of the personal experience of those concerned. Data showed that the holistic concept of palliative home care could be implemented by a specialized team at a high quality level.

Under the favorable conditions of the familiar surroundings, an atmosphere of trust developed as a result of the cooperation with the family members, people close to the patients and with family doctors. It contributed to a relatively high quality of life and to alleviate the emotional stress. Most of those involved were able to accept the hand of fate. On this basis, the terminal phase could be satisfactorily arranged and preparations made for a good quality of death.

During the home care, appreciation of the value of the family increased. The intensified family relations were mostly sustained after the patient’s death. The results document the great personal importance of home care for patients, their caretakers and families. The positive experience and the awareness of having contributed substantially to coping with the life crisis made it easier for the bereaved to grieve and to rearrange their life. Stepwise discriminant analysis was performed using admission, discharge, and combined variables. In our final model of the predictors of discharge disposition, the use of admission functional variables, age, and sex correctly classified 100% of the NH group and 91% of the other group, with IADL, ADL, and mobility defining the function that discriminated the groups.

In conclusion, other studies have been conducted on predictors of bereavement outcomes in family caregivers of persons who have died of cancer. The literature has been divided into common themes of predictors: characteristics of the deceased person, characteristics of the bereaved person, comparisons of bereaved and non-bereaved persons, well-being of the bereaved person prior to the death, prior interpersonal relationships, characteristics of the illness, characteristics of the caregiving experience, and characteristics of terminal care.

A number of recurring patterns point the way to identifying persons who may be at increased risk for poor adjustment during bereavement. It is apparent that men and women express their grief somewhat differently. Whether men or women are at greater risk for poor adjustment, however, remains to be determined.

There is some empirical evidence to suggest that lower socioeconomic status and linguistic barriers interfere with adjustment during bereavement. There is a dearth of culturally relevant services to help palliative-care patients and their family members make the required adjustments. The literature makes apparent the need for open awareness of the impending death and for careful and thoughtful planning for where and how the death ought to occur.

The regular and frequent presence of professional caregivers contributes to family caregivers’ satisfaction with care. Discrepant findings point to the need to explore the issues that underline them. Older bereaved caregivers appear to have some advantages over younger ones, but this finding is not universally found in the results of these studies. Methodological problems include small sample sizes and large variations in the particular bereavement outcomes studied.

Jack Haddad, MD, MBA Portfolio Manager MD Capital Management

Affiliated Hospitals Sutter-Roseville Medical Center, Roseville, CA San Francisco General Hospital, San Francisco, CA San Jose Orthopedic Medical Group, San Jose, CA Highland Hospital, Oakland, CA

Dr. Jack Haddad, MD, MBA is the founder and owner of King of Home Care, an independently owned non-medical In-home care agency. In addition to his compassion and dedication to the home care industry, Dr. Haddad’s expertise and knowledge in hospice care is evident by the clinical research trials that he has conducted over the years.