Charities/not-for-profits to be forced to return bequests

SAN FRANCISCO: A charity/not-for-profit has been asked to return a large bequest. The charity thought it could on-sell a site gifted to it 25 years ago for “exclusive use as a skilled nursing home”.

The site buyer has applied to sub-divide for general housing. The Read More »

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Attempt to create new affordable housing model

NEW YORK: A public meeting is to be held to launch an innovative community initiative which could help bring about more affordable housing.

The idea of Community Land Trusts – community-led organizations which provide land upon which houses can be built to meet Read More »

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Asian markets compete for North American retirees

NEW YORK: Six Asian countries are vigorously competing to win a share of the USA/Canadian retiree market.

The Philippines is building a retirement community in Subic Bay; the Indonesian Government is bankrolling seven ‘retiree village compounds’ in Bali; the Malaysian Government is Read More »

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Healthcare asset values approaching frothy levels

SAN FRANCISCO: Retirement and medical real estate has emerged as one of the hottest property types of the year for investors, with REITs, hospitals and providers pumping billions of dollars into the space in a scramble to expand and acquire the specialized space, driven by Read More »

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