The Industry Giant Fights Turmoil In Capital Markets Who would have ever thought that the Dow Jones Industrial Average would drop below 8,000, a more than 40% plunge from its recent high? Even though in theory there are many buying opportunities in the market today,...
Swiss Village Is First To Take Advantage Of FHLB’s New Program December 1, 2008 In late October, Lancaster Pollard financed $7 million in tax-exempt bonds enhanced by a direct-pay letter of credit (LOC) for a project being undertaken by Swiss Village, a not-for-profit...
Borrowers Must Manage Debt Proactively In This Difficult Economy December 1, 2008 Many not-for-profit senior living organizations that are tax-exempt bond borrowers have little idea of their obligations to disclose changes in operations to bondholders and, as a...
With October’s Drop, Price Levels Should Be At The Bottom For some reason, the month of October is often the most volatile month of the year for the stock market, and 2008 was certainly no exception. The difference, however, is that the level of volatility this past...
Health Care REIT Terminates 29-Property Acquisition As we all know, the seniors housing acquisition market is in a funk. Buyers are waiting for sellers to accept the new market environment, and sellers are clinging to the hopes for a better market with low cap rates...
Impressive Growth Strategy Includes A For-Profit Management Arm Originally chartered in 1874, United Methodist Homes (UMH) operated two small facilities through 1998 but has demonstrated an impressive growth pattern over the last decade. The board of directors of...