Archive

Archive for April 15th, 2010

Senior Living Investment Brokerage Announces $14.3 million in Florida and Illinois Transactions

April 15th, 2010 No comments

Hollywood - SLIB Senior Living Investment Brokerage announced that it is seeing strong interest in senior living sales during the first quarter of 2010.  The company sold three facilities, one in Illinois and two in Florida, totaling over $14.3 million dollars.  SLIB sold a 44 unit Assisted Living Facility located in Ormond Beach, Florida, for $2.2 million, or approximately $50,000 per unit.  Constructed in 1996, the four-story building is comprised of 32,440 square feet and sits on 1.2 acres and was at an occupancy level of approximately 60% at the time of the sale.  In another Florida transaction, SLIB sold a 78 unit Assisted Living Facility located in Hollywood, Florida which is home to approximately 144,000 residents and adjacent to Ft. Lauderdale.  The four-story, 62,000 square feet and sits on 2.9 acres was construction in 1999 was sold for $7.85 million, or approximately $100,641 per unit. Bradley Clousing of Senior Living Investment Brokerage, Inc. worked on both transactions.

Roseville, IL - SLIB

Additionally, SLIB facilitated the sale of a 99-bed Skilled Nursing Facility located in rural Illinois, just west of Peoria for $4.3 million, or approximately $43,434 per bed.  Constructed in 1971, the one story building is comprised of 29,817 square feet and sits on 2.3 acres.  At the time of the sale, occupancy was approximately 66% and one of attractive attributes of the asset was that it was financed by assumable HUD debt.  Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage, Inc. handled the transaction.

Technorati Tags: ,

George Mason University Establishes Nation’s First Degree in Senior Housing Administration

April 15th, 2010 No comments

George Mason University (GMU), located in Northern Virginia, announced the launch of the nation’s first degree for executives seeking to manage the country’s nearly 50,000 active adult, assisted living, continuing care retirement, and related senior housing communities.  As approved by the State Council of Higher Education for Virginia, the new Master of Science in Senior Housing Administration (MSHA) will begin in the fall 2010 semester.  The deadline to apply for Fall study is July 1, 2010.

“The first of 78 million baby boomers will turn 65 next year, and their interest and expectations for retirement housing will be high,” says Andrew Carle, a former senior housing executive and director of the Program in Assisted Living/Senior Housing Administration. “Just as the Cornell School of Hotel Administration set the standard for the hospitality industry, we want to set the standard moving forward for senior housing.”

Administered through the College of Health and Human Services, the degree will offer coursework in senior housing and health care administration, as well as an interdisciplinary range of topics including business administration, aging, ethics, health policy, assistive technology, therapeutic recreation, and Alzheimer’s disease.

The new degree expands GMU’s existing Assisted Living/Senior Housing Administration curricula which, when launched in 2001, was the first in the nation to offer both undergraduate and graduate concentrations dedicated exclusively to the field. More than 300 students have completed coursework within the Program to date, including internships within more than 60 senior housing communities.

Movers and Shakers: People and Positions For Week of April 16, 2010

April 15th, 2010 No comments

Today is a new day to start thinking about jobs and your wages…is it worth trying to make more money to pay more taxes?  Law of diminishing returns…?  Call your politician…but we digress… see below for this week’s personnel moves. E-mail us at movers-shakers@seniorhousingnews.com

Emeritus Names Executive Officers for 3 Executive Vice Presidents

James Christopher ("Chris") Hyatt was appointed to Executive Vice President–Operations and Chief Operating Officer. Mr. Hyatt joined Emeritus in 1998 and was a Regional and Divisional Director of Operations until promoted to Vice President–Operations for the Southeast Division in May 2007 and to Senior Vice President–Operations in July 2009. Mr. Hyatt worked in the acute care industry for seven years and has a total of 17 years of experience in the healthcare industry.

Budgie Amparo was appointed to Executive Vice President–Quality Service and Risk Management. Mr. Amparo joined Emeritus in September 2007 upon the completion of the Summerville acquisition and has served as the Company’s Senior Vice President–Quality and Risk Management since that time. He also served as Vice President of Quality and Risk Management for Summerville from 2002 until 2007. Mr. Amparo is a registered nurse with a master’s degree in nursing, and has 22 years of combined healthcare experience in nursing education, acute care, skilled nursing, and assisted living.

Jayne Sallerson was appointed to Executive Vice President–Marketing, Sales and Communications. Ms. Sallerson served as the Company’s Senior Vice President–Marketing since September 2008. She joined Emeritus as Vice President of Marketing in September 2007, upon completion of the Summerville acquisition. Ms. Sallerson served as Vice President of Sales and Marketing for Summerville from 2003 to 2007 after having served as a Regional Director of Sales and Marketing for Summerville from 2000 to 2003. Ms. Sallerson has 25 years of sales and marketing experience in the healthcare and senior industry.

Mr. Granger Cobb, President and Co-CEO, stated, "We are delighted to announce the promotions of these key employees to executive positions within the Company. The contributions of these individuals over many years have been instrumental to Emeritus’ success as a leader in the senior living industry, and we look forward to their continued contributions in moving the Company forward to even greater heights."

 

Senior Resource Group (SRG) Announces New Additions and Relocations

Senior Resource Group (SRG) recently announced the addition of five new staff members.  Debbie Engen has been appointed executive director at Silver Springs, the company’s independent and assisted living retirement community located in Green Valley, Ariz.  At SRG’s resort community in Florida, The Carlisle Naples, Colin Marshall has been named executive director and Amy Hilliard has been added as a sales and marketing representative.  Kimberly Woda has been named director of sales and marketing at Hawthorn Court, the company’s award-winning memory care community located in Phoenix, Ariz.  Dana Berry has been selected as director of sales and marketing at SpringRidge at Charbonneau, SRG’s Wilsonville, Ore. community that is currently celebrating its 20th anniversary.

In addition to new staff appointments, three longtime employees have relocated to assume new roles at SRG communities. Mike Soto has moved from his post in Arizona to take the reins as executive director at the company’s Village at Sherman Oaks community in Sherman Oaks, Calif.  Executive Director, Tim Maloney and Director of Sales and Marketing, Samantha Pal have transferred from Naples, Florida to join the team at the company’s newest development – The Village at NorthRidge.

Lutheran Homes Society Announces Executive Director for LHS Foundation

KLemmebrock Lutheran Homes Society (LHS) is pleased to announce the appointment of Kathleen Lemmerbrock as Executive Director of LHS Foundation. As Executive Director, Ms. Lemmerbrock will be responsible for the ongoing operations, community relations, and business development for LHS Foundation and will coordinate business strategies with other LHS ministries.  Prior to joining LHS, Ms. Lemmerbrock worked for 12 years as the Synod Administrator of the Northwestern Ohio Synod of the Evangelical Lutheran Church in America (ELCA). Ms. Lemmerbrock holds master’s degrees in English, public administration and technical writing from Bowling Green State University, as well as a bachelor’s degree in English and education. She also has certifications in fundraising and board management from the Center on Philanthropy at Indiana University.

“Kathy clearly expresses a passion for social ministry and brings tremendous gifts, including experience on the LHS Board of Directors and a strong working relationship with the 194 congregations of the Northwestern Ohio Synod,” stated Mr. David Roberts, President/CEO of Lutheran Homes Society.

 

KALAMA HEIGHTS RETIREMENT COMMUNITY PROMOTES DANA WARD TO MANAGER

Kalama Heights resident Dana L. Ward has been promoted to manager of Kalama Heights Retirement Community.  Ward first joined Kalama Heights Retirement Community in May 2004 as enrichment coordinator. In December of that year, she was appointed manager of the enrichment program.  In her new role as manager, Ward ensures that all the residents are happy and healthy and oversees day-to-day operations of the facility, including a range of responsibilities from marketing to food services.  Prior to joining Kalama Heights Retirement Community, Ward was a licensed massage therapist and an account representative for AT&T.

“Dana exudes a natural aloha spirit and sincerely cares about the residents here at Kalama Heights Retirement Community,” said Lyle Takeuchi, Hawaii regional director of Holiday Retirement. “She initially began working with us as an enrichment coordinator, but as her passion and commitment became apparent to us, we promoted her to the well-deserving position of manager.”

Senior Housing Jobs

Categories: Movers And Shakers Tags:

Which Mutual Fund Should I Choose?

April 15th, 2010 No comments

For the person who is interested in investing in the stock market, there are numerous mutual funds that can be worthwhile looking into. When you are carrying out this sort of research, it is best to choose a few different mutual funds. To compare mutual funds you will need to keep various benchmarks in sight. The first one is the performance of the different companies that you have selected.

This means looking to see how the company has weathered the ups and downs of the stock market over a number of years. While this is not an indication of future success, it will let you know if the mutual funds company is capable of performing well, even if there is no clear indication of the prices of stocks changing. You can find this information in various financial guides.

You will gain an impression of how the stock market affects different forms of mutual funds from these various data sources and, once you have understood these changes and the way your prospective portfolio is affected by them, you will know which funds are best avoided and which ones are worth to study further. However, it takes much more than just looking through financial reviews to compare mutual funds in any meaningful way

You will also need to check what sorts of costs are booked by the different mutual companies on your list. These expenses will include administrative fees, advertising costs, buying and selling of stocks and bonds charges and also the kinds of load costs. As most of these expenses need to be borne by the customer, it is best for you to research this information thoroughly.

You will find this information in newspapers and on Internet sites. However, ensure that you fully understand all of the information that is given, as this makes investing in a mutual fund easier. In addition to these ideas on how to compare mutual funds, you will also discover lots of comprehensive articles.

These articles will explain the different terms used in mutual fund brochures. You will also be provided with details about the sorts of mutual funds that are available on the stock exchange at the moment.

By looking at all of this information, you can make a well-informed decision as to which mutual funds are worth investing with. Ensure that you look at all of these details when you are ready to start investing. The details gained from comparing the mutual funds will give you the best information for investing in the risky world of mutual funds.

If you are interested in Investing in Mutual Funds or investing at all, please look at our web site called Investing in Mutual Funds Get a totally unique version of this article from our article submission service