Seniors housing developers compete for Global Award

NEW YORK: The three hundred and thirty-seventh entry for the seniors housing Global Awards for 2015 has been received.

Birchwood Properties is to develop an upscale project designed by NORR in the community of Kensington. Ezra on Riley Park is a multigenerational two-tower, eight-storey mix of Read More »

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Prudential raises $629m for senior housing investment fund

SAN FRANCISCO: Prudential Real Estate Investors (PREI) has raised $629m for a senior housing fund.

Four new investors, including US public and corporate pension plans, backed the investment manager’s Senior Housing Partners V fund, committing $199m.

PREI said it exceeded its initial target of $500m Read More »

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Age care compounds becoming soft crime targets

CLEVELAND: Retirement communities and rest homes imply a level of elevated safety in their commercial pitch to prospective customers. But evidence is mounting that age-apartheid compounds are increasingly becoming soft crime targets and the care sector is trashing its reputation by doing nothing to effectively Read More »

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Hospice care becoming costlier, less aggressive, study finds

ATLANTA: Researchers have concluded that hospice care for nursing home residents is becoming more prevalent — and more expensive — despite less aggressive life-sustaining measures.

The research is consistent with an earlier university study that concluded nursing home caregivers well-versed in palliative care tend to Read More »

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