Latest news with #seniorliving
CBS News
3 hours ago
- Business
- CBS News
New affordable housing development for seniors opens in Chinatown
A new affordable senior housing development at the corner of 9th and Vine streets will provide dozens of new housing units atop what was previously an underutilized surface parking lot in Philadelphia's Chinatown neighborhood. Several of the development's partners gathered on Tuesday including Pennrose and Philadelphia Chinatown Development Corporation to celebrate the opening of Man An House, a five-story midrise building that will house 51 units for residents 62 years and older. John Chin, executive director of the Philadelphia Chinatown Development Corporation, said the community was really celebrating the power of preservation, in addition to the building. Will Kenworthy "This came from numerous conversations with seniors who told us what they need to age in place with dignity, and with families who wanted a good neighbor and with partners who believe in equitable development," Chin said. The building has studio, one-bedroom, and two-bedroom apartments for seniors earning 20% to 60% of the area median income and is designed for accessibility, with some units outfitted for residents with physical disabilities, including hearing and vision impairments. Councilmember Mark Squilla said this is part of the city's promise to have 30,000 affordable housing units in Philadelphia. "This mission that happened here today is the proof that we can do that," Squilla said. More information on Man An House is available on Pennrose's website. Philadelphia Redevelopment Authority is the building's previous owner. Man An House is located in an Opportunity Zone and is part of the Center City Redevelopment Area.
Associated Press
5 hours ago
- General
- Associated Press
Volunteers Donate More Than 10,000 Hours at Lutheran Home: Community Invited to Celebrate at Summer Auxiliary Sale on June 20
ARLINGTON HEIGHTS, Ill., June 10, 2025 (SEND2PRESS NEWSWIRE) — In a powerful display of generosity and community spirit, the Lutheran Home in Arlington Heights is honoring a remarkable milestone: More than 10,310 hours of volunteer service were logged between April 1, 2024, and April 1, 2025. These contributions reflect the deep commitment of individuals from across the region who dedicate their time and talents to support residents and staff at this long-standing senior living community. To celebrate this extraordinary achievement, Lutheran Home is hosting its Summer Auxiliary Sale on Friday, June 20, an event open to the public that helps fund essential programs for residents and celebrates the volunteers who make them possible. Volunteers at Lutheran Home perform a wide range of roles, many of them behind the scenes, but all crucial to the well-being of the community's residents. Their impact extends from spiritual care and emotional support to daily logistics and vocational mentoring. Lutheran Home also benefits from volunteers who form one-on-one relationships with residents, offering companionship and emotional connection, especially valuable for those without nearby family. Some serve as Ministers of Care, visiting twice weekly to distribute Catholic communion to residents. Others offer pastoral clerical support, welcoming new residents with information about spiritual services or assisting with preparing and printing weekly worship bulletins. Volunteer transport teams help bring residents to and from Wednesday and Sunday services, and even some residents themselves contribute as Sunday readers, helping foster a sense of spiritual community. In addition, activity volunteers support everything from games and weekly events to escorting residents to clinics or the on-site beauty salon. Volunteers also staff the General Store, keeping it open from 10:00 a.m. to 2:00 p.m. daily. Building Skills and Purpose with District 214 A particularly inspiring aspect of the volunteer program involves transitional students from High School District 214. These young adults, who have special needs and are between graduation and age 21, participate in a vocational readiness initiative. At Lutheran Home, they develop workplace skills by helping with laundry, mail sorting, table bussing, wheelchair washing and assembling admission packets. 'This is more than just a service—it's a meaningful training experience that sets these students up for future success,' said Jennifer Darnell, VP of Sales & Marketing at Lutheran Life Communities. An Invitation to Celebrate The Summer Auxiliary Sale on June 20 is not just a fundraiser—it's a celebration of kindness, dedication and community. Shoppers will find seasonal treasures, with all proceeds supporting Lutheran Home's Benevolent Care Program, which assists residents who exhaust their financial resources through no fault of their own. 'We are overwhelmed with gratitude for the individuals who walk through our doors every week, donating their time out of love and a deep sense of purpose,' said Barbara Morton, PhD, president of the Lutheran Home Auxiliary. 'The Summer Auxiliary Sale is our way of honoring their incredible spirit and welcoming the community to be part of something truly special.' About Lutheran Home Lutheran Home is part of Lutheran Life Communities, a faith-based 501(c)(3) not-for-profit organization founded over 130 years ago that supports Arlington Heights with a full spectrum of care and services. Recognized on Newsweek 's America's Best Nursing Homes 2025 list, they offer assisted living, memory care, skilled nursing, an adult day club, inpatient and outpatient rehab, home care services, move management services and Shepherd's Flock Child Care and Preschool and Jenny's Bistro, which is open to the public and serves gourmet food and beverages. Lutheran Home invests in a full, robust continuum of care that can address early dementia and mild cognitive impairment with stage-form care supportive services and residential solutions like MyTapestry memory support. The memory support programming extends through end of life with care provided by a care team trained in dementia. It's Grace-Filled living. For more information, visit . NEWS SOURCE: Lutheran Life Communities Keywords: Illinois Business, Lutheran Home in Arlington Heights, senior living community, continuum of care that can address early dementia and mild cognitive impairment with stage-form care, ARLINGTON HEIGHTS, Ill. This press release was issued on behalf of the news source (Lutheran Life Communities) who is solely responsibile for its accuracy, by Send2Press® Newswire . Information is believed accurate but not guaranteed. Story ID: S2P126840 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Associated Press
a day ago
- Business
- Associated Press
Sonida Closes Two Previously Announced Senior Living Asset Acquisitions
DALLAS--(BUSINESS WIRE)--Jun 9, 2025-- Sonida Senior Living, Inc. ('Sonida' or the 'Company') (NYSE: SNDA), a leading owner, operator and investor in senior living communities, announced today the closing of its latest acquisitions. The Company continues to execute on its inorganic growth strategy, which aims to further expand, densify and upgrade its portfolio to fully leverage operating scale and efficiencies. 'Sonida remains focused on executing its disciplined growth strategy through thoughtful deal structuring and careful selection of high-quality communities purchased at meaningful discounts to replacement cost,' said Brandon Ribar, President and Chief Executive Officer. 'With no material near-term debt maturities and continued favorable demographic and supply dynamics, we continue to capitalize on compelling and accretive investment opportunities to complement the significant upside potential in our existing portfolio.' Senior Housing Community Acquisition in Atlanta Submarket On June 1, 2025, the Company finalized the acquisition of a single senior living community in the Atlanta MSA for $11 million, or approximately $125,000 per unit, reflecting a significant discount to replacement cost. The upscale and amenitized asset has 88 units (64 Assisted Living / 24 Memory Care) and was completed in 2017. The community is located in Alpharetta, a high-growth submarket of Atlanta with favorable demographics and is strategically situated near Sonida's recently acquired Atlanta assets, further leveraging operating scale through cost efficiencies, local resource pooling and enhanced marketing presence. Consistent with the Company's strategy of regional densification, the acquisition brings Sonida's greater Atlanta portfolio total to four assets. Sonida funded the transaction with cash on hand and proceeds from its senior secured revolving credit facility. The Company expects a double-digit cap rate upon stabilization. Senior Housing Community Acquisition in Tampa Submarket On May 30, 2025, the Company finalized the acquisition of a single senior living community in an affluent and growing submarket of Tampa. The asset, completed in 2017, was purchased for $11 million, or approximately $172,000 per unit, reflecting a significant discount to replacement cost. The community is located in Tarpon Springs, a high-growth submarket of Tampa, and complements Sonida's recently acquired central Florida assets. The asset has 64 Memory Care units in a high-end purpose-built plant with significant amenity space thoughtfully designed for memory care specific needs. Sonida will implement its Magnolia Trails TM personalized memory care programming and services to activate the community while leveraging its regional sales and marketing support to drive occupancy. Consistent with the Company's strategy of regional densification, the acquisition brings Sonida's Florida portfolio total to eight assets. Sonida funded the transaction with cash on hand and a new $9 million non-recourse mortgage from the asset's existing lender. The loan has an initial 3-year term with two 1-year extensions and carries an interest rate of SOFR + 0%, which will step up by 1% in years 2 and 3 and end at SOFR + 3% if the Company elects the extension. The Company expects a double-digit cap rate upon stabilization. Safe Harbor The forward-looking statements in this press release, including, but not limited to, statements relating to the Company's acquisitions, are subject to certain risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements, including, among others, the risks, uncertainties and factors set forth under 'Item. 1A. Risk Factors' in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the 'SEC') on March 17, 2025, and also include the following: the Company's ability to generate sufficient cash flows from operations, proceeds from equity issuances and debt financings, and proceeds from the sale of assets to satisfy its short and long-term debt obligations and to fund the Company's acquisitions and capital improvement projects to expand, redevelop, and/or reposition its senior living communities; elevated market interest rates that increase the cost of certain of our debt obligations; increased competition for, or a shortage of, skilled workers, including due to general labor market conditions, along with wage pressures resulting from such increased competition, low unemployment levels, use of contract labor, minimum wage increases and/or changes in immigration or overtime laws; the Company's ability to obtain additional capital on terms acceptable to it; the Company's ability to extend or refinance its existing debt as such debt matures; the Company's compliance with its debt agreements, including certain financial covenants and the risk of cross-default in the event such non-compliance occurs; the Company's ability to complete acquisitions and dispositions upon favorable terms or at all, including the possibility that the expected benefits and the Company's projections related to such acquisitions may not materialize as expected; the risk of oversupply and increased competition in the markets which the Company operates; the Company's ability to maintain effective internal controls over financial reporting and remediate the identified material weakness discussed in Item 9A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024; the cost and difficulty of complying with applicable licensure, legislative oversight, or regulatory changes; changes in reimbursement rates, methods or timing of payment under government reimbursement programs, including Medicaid; risks associated with current global economic conditions and general economic factors such as elevated labor costs due to shortages of medical and non-medical staff, competition in the labor market, increased costs of salaries, wages and benefits, and immigration laws, the consumer price index, commodity costs, fuel and other energy costs, supply chain disruptions, increased insurance costs, tariffs, elevated interest rates and tax rates; the impact from or the potential emergence and effects of a future epidemic, pandemic, outbreak of infectious disease or other health crisis; the Company's ability to maintain the security and functionality of its information systems, to prevent a cybersecurity attack or breach, and to comply with applicable privacy and consumer protection laws, including HIPAA; and changes in accounting principles and interpretations. About Sonida Dallas-based Sonida Senior Living, Inc. is a leading owner, operator and investor in independent living, assisted living and memory care communities and services for senior adults. The Company provides compassionate, resident-centric services and care as well as engaging programming at our senior housing communities. As of June 1, 2025, the Company owned, managed or invested in 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,150 residents, including 83 owned senior housing communities (including four owned through joint venture investments in consolidated entities, and four owned through a joint venture investment in an unconsolidated entity, and one unoccupied) and 13 communities that the Company managed on behalf of a third-party. For more information, visit or connect with the Company on Facebook, X or LinkedIn. View source version on CONTACT: Investor Relations Jason Finkelstein IGNITION IR [email protected] KEYWORD: UNITED STATES NORTH AMERICA GEORGIA FLORIDA TEXAS INDUSTRY KEYWORD: HEALTH CONSUMER RESIDENTIAL BUILDING & REAL ESTATE SENIORS MANAGED CARE CONSTRUCTION & PROPERTY SOURCE: Sonida Senior Living, Inc. Copyright Business Wire 2025. PUB: 06/09/2025 08:30 AM/DISC: 06/09/2025 08:28 AM
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Travel + Leisure
03-06-2025
- Business
- Travel + Leisure
This U.S. State Was Just Named the Happiest for Retirees
According to a new study, there's one state in particular that has nailed the recipe for happiness. And it's the perfect place for seniors looking to live out their golden years. In late May, released its Senior Happiness Index to determine which places around the U.S. offer the highest chances of finding happiness for older people. To determine the ranking, the team analyzed a number of factors, including the number of senior centers in each state using and normalized the data per 100,000 people. It then determined the percentage of seniors (65 years and older) living alone, which was collected via the U.S. Census American Community Survey (2023), along with an overall senior health ranking taken from America's Health Rankings 2024 Senior Report. Next, it calculated the cost of living index by state using data from the Missouri Economic Research and Information Center, along with the average annual life expectancy at birth from the National Vital Statistics System. Then, it gathered data on the happiest states in the U.S. using a 2024 study by WalletHub and finally assigned each state a score from zero to 10. After looking at all that information, the team named Utah the happiest state of all for seniors. "Utah tops the list with the most content seniors, scoring 7.69 out of 10 thanks to its supportive environment for senior living," the findings noted." Utah was also named the healthiest state for older people in 2024, and it ranks as the third-lowest percentage of those aged 65 and over living alone (21.48 percent), reducing the risk of social isolation." The findings also noted that Utah is among the top five happiest states in general and is a spot where more than two-fifths (44 percent) actively volunteer, which is the highest rate in the nation. "This not only means Utah's aging population is staying connected and involved with their community, but volunteering also contributes significantly to Utah seniors' well-being and happiness," the findings added. Idaho came in a close second with a score of 7.38, thanks to most of its seniors living with others, ensuring fewer people are experiencing loneliness. And as the findings stated, it's a fantastic spot for seniors looking to live an active lifestyle with "30 state parks to explore and proximity to national treasures like Yellowstone." Rounding out the top three is Connecticut, with a score of 7.01, thanks to its strong statistics, including the third-highest average life expectancy, access to health care, and its ranking among the top 10 happiest states overall on WalletHub's rankings. Ready to find more happiness? See the full report and where your state ranks on
Daily Mail
29-05-2025
- Business
- Daily Mail
Outrage as seniors are 'kicked out' of their homes in retirement mecca to make way for luxury housing boom
A senior living facility in Florida is under fire for 'evicting' elderly residents to secretly make way for upscale luxury apartments as the infamous retirement hot spot undergoes a baby boom transformation. Oasis Living Quarters, a senior care facility in Fort Lauderdale, came under intense scrutiny in March after allegedly telling some of its 180 residents they'd have to leave their homes without giving proper notice or obtaining the correct permits, Local 10 News reported. The facility is now facing massive fines after a building inspector discovered construction he described as being 'much like hotel rooms' while many of the seniors are still living at the facility. City officials are slapping Oasis with $1000 daily fines for 'unpermitted construction' - work they claim is a covert effort to capitalize on demand for luxury housing in sun-soaked Fort Lauderdale. In a city long considered a paradise for retirees, a wave of anger and disbelief has been rising among residents and their families, many of whom are elderly and need extra care. 'It's heart-wrenching,' Jim Woods, whose mother was forced out of the facility in April, told CBS News. 'Some residents don't know what's going on.' On March 5, Oasis residents were summoned to an emergency meeting where management abruptly informed them that they had until the end of the month to vacate. The change left many feeling 'blindsided' and unprepared for such a sudden upheaval, with families demanding answers from building management. 'We are all depressed,' Alonso and Patseta Lawhorn, who have lived at the Oasis facility for more than eight years, told NBC Miami News in March. 'Some people had to go to the hospital and some people got sick,' they added. 'I suffer from hypertension and I have one kidney and my spleen is out and my husband suffers from PTSD, and everybody is all stressed and sick.' According to residents, all units of the facility - Independent Living, Assisted Living and the Memory Care Unit - were impacted in the mass move. 'We have to move out because they are dismantling the memory care unit,' Steven DeLeon, whose 83-year-old family member lives there, told NBC. Milton Amengual, whose 94-year-old mother had only moved into the facility three months prior to the 'mandatory' meeting, also joined other families grappling with the shock. 'My mother is nervous. She hasn't slept in a few days just thinking about the fact that she has to move,' Amengual told Local 10. According to Oasis, the move was because the facility would be undergoing renovations to 'enhance the overall experience' (pictured: letter from Oasis management about renovations) 'She at first thought she did something wrong - but I said, no you didn't do anything wrong.' According to Oasis, the move was because the facility would be undergoing renovations to 'enhance the overall experience'. However, just days later, moving trucks and vans were already filling the facility's parking lot, concealing torn-out drywall and beginning to remodel units - all while residents were still in the process of finding new homes. Last month, Fort Lauderdale building inspector Andrew Gebbia visited the facility in response to multiple complaints about the treatment of elderly residents. During that visit, he uncovered unpermitted construction tied to the controversial conversion into Waterview Rental, prompting a scathing 30-page report that outlined dozens of violations. The work, Gebbia explained, involved the 'replacement of kitchenettes, structural plumbing and electrical, and replacement of split-unit ACs', as reported by Local 10. 'As I walked through the building, I observed renovations being done in a number of rooms, much like hotel rooms,' Gebbia said, Local 10 reported. 'There were no permits issued for this work, so I issued a stop work order, left it on the counter in the main entrance,' he added. The released state inspection report detailed a series of unusual exchanges between inspector Gebbia and Oasis administrator Steven Gottlieb, raising further questions about the facility's conduct. While Gebbia accused the facility of kicking out residents while secretly converting the complex into luxury apartments, Gottlieb denied that any evictions had taken place, as reported by the outlet. Instead, the administrator blamed the departure of residents since the inspector's last visit to natural deaths and rude nursing staff, rather than any forced evictions. Also last month, Oasis was hit with a court injunction over the alleged evictions, after a civil court judge sided with a grieving attorney who had been advocating for the vulnerable seniors, as reported by Local 10 News. On April 2, Broward County Circuit Judge William W. Haury, Jr. issued a court order requiring Oasis to stop evicting residents. The facility's attorneys requested that he overturn the order - which he didn't. Oasis was also facing citations from the Florida Agency for Healthcare Administration for violating rules meant to protect residents. On Tuesday, it was announced that the senior living facility will now be fined $1,000 a day by the city if they don't come into compliance within 15 days. 'To me, this is why I'm so aggressive with this particular case,' Fort Lauderdale Building Committee Vice Chair Donald Karney III said during a meeting Tuesday morning, Local 10 reported. 'They've done these people extremely dirty and that's why I'm being such a stick in the mud about it.' Karney also declared that he's 'going after big money for the city and giving them the same amount of time they gave these poor old people to get out of their places they call homes'. With just 15 days to comply, many believe Oasis has no realistic chance of meeting the deadline, which could mean mounting fines soaring into the tens of thousands - potentially exceeding $100,000, the outlet reported. Notably, the Oasis administrator skipped Tuesday's meeting, but members are demanding his presence at the next one scheduled for July 22. Oasis Living Quarters management did not immediately respond to for comment. Fort Lauderdale, commonly known as a hub for retirees, is now appealing to young families as the city is witnessing a massive baby boom transformation. According to the Downtown Development Authority's recent annual report, there has been an 83 percent increase in families with kids since 2018. In the past five years, there has been a 47 percent increase in families with children under five years old migrating to the sunny area. New data also suggests that families have chosen to flock to the downtown area because of its $10 million infrastructure expansio n, including the renovation of Huizenga Park and its enhanced dining scene. Young families have also found that the area is a bit cheaper than that of nearby West Palm Beach or Miami, where the average rent is $3,000 a month, compared to $2621 in downtown Fort Lauderdale.
