SAN FRANCISCO, CA – Sunrise Senior Living welcomed residents to its newest community, Sunrise of Pleasanton, CA. The 19th Sunrise community in San Francisco’s Bay Area, it offers helped living as well as evidence-based memory care programming and services for seniors with Alzheimer’s or other forms of dementia, including support in the early to moderate stages of memory loss.

The Public Policy Institute of California projects the state’s senior population will approximately double over the next two decades, growing by nearly 4 million people by 2030, when the baby boomer generation reaches retirement age.

“Increasingly, people are looking for high-quality helped living and memory care services, and we are excited to offer northern California families a new senior community in Pleasanton that supports the overall wellness needs of older adults,” said Jeff Slichta, senior vice president of Operations for Sunrise. “Question me about the largest difference in Sunrise, and I will tell you it’s our team members, who are dedicated, compassionate, and trained to provide the best personalized care. Residents and families are thrilled with their new home.”

“This state-of-the-art community helps meet current and future demand for senior care, as families explore options to continue to age in place within the geographic areas and charming neighborhoods of which they are familiar,” said Chris Winkle, chief executive officer for Sunrise. “We are committed to providing the Sunrise Experience of tailored care and programming, in addition to becoming part of the fabric that is the Tri-Valley community.”

The two-tale, 63,800-square-foot community located at 5700 Pleasant Hill Road provides a personalized approach to care for up to 103 residents, with simple access to several nearby health care facilities, including ValleyCare Medical Center. The 83-unit building allows flexible and adaptable spaces to support Sunrise’s range of meaningful programming and activities that enrich the lifestyles of each helped living and Reminiscence resident.

The new community offers a Reminiscence Neighborhood that serves individuals with Alzheimer’s or other forms of dementia, as well as a Terrace Club Neighborhood, providing tailored programming to help residents in the early to moderate stages of memory loss. The Terrace Club Neighborhood includes a brain fitness space outfitted with a computer and tables, allowing for games specially designed to enhance social engagement and boost brain fitness. The area may be used to support individual or small group activities. In addition, a large interior courtyard with potting benches, garden areas, and seating provides secure space for memory care residents to independently come, go, and explore an outdoor environment. Helped living residents may also directly access a courtyard area by the bistro and dining rooms, which includes a large pergola with an outdoor countertop for residents to delight in meals and events.

Sunrise of Pleasanton is designed to complement the local area’s visual style and regionally specific landscaping. Inside the building are design elements to support seniors’ mobility needs and promote continued independence. For example, “wayfinding” wallpaper helps residents better distinguish different corridors and find their suites. Colors were carefully selected based on what is known about the aging eye and low vision issues that often affect seniors. Decorative elements feature local artist prints, along with images of area landmarks. Residents may also delight in theater and library spaces on the second floor near the activity and dining rooms.

Additional features include Wi-Fi throughout the community for residents and families to stay connected; an electronic health record system, Sunrise CareConnect, to help ensure that residents receive the personalized care they need; a dining program that offers tasty, well-balanced, home-cooked meals that support the unique nutritional needs of seniors; and, community pets to offer comfort and companionship. The community expects to make approximately 100 local jobs.

Sunrise recently demonstrated its capabilities as a premier senior living provider in October during the height of the California wildfires. While preparing for opening, Sunrise of Pleasanton temporarily housed residents from Sunrise Villa Sonoma, who evacuated on October 9 and stayed at Pleasanton until October 27. Throughout the three weeks, dedicated Sunrise team members helped ensure the ongoing comfort of Sunrise Villa Sonoma residents at Sunrise’s Pleasanton community, just as they also started to welcome first-time residents.

“We are incredibly proud of our team members for their unwavering commitment to the safety and comfort of our residents. They showed compassion and poise – putting residents first – even as many of them were personally impacted by these natural disasters,” added Slichta.

Powered by WPeMatico

DENVER, CO – This week marks the release of the November Housing Tides Report, featuring an update to the Housing Tides Index, an objective and sophisticated approach to quantifying and comparing the health of U.S. housing markets.

Understanding the health of a housing market and its relationship to other top markets requires an aggregated, comprehensive view of the industry. The Housing Tides Index provides a succinct monthly measure of market health across the top 41 U.S. markets. Referencing 18 market indicators ranging from unemployment rates and housing permits to rental vacancy and mortgage foreclosure rates, the Tides Index helps users know exposure at a deeper level than is currently possible.

The largest driver of the small rise in the Index this month is the improvement in housing supply, which went from 2.8 months of supply in August to 3.3 in September. Still, this level of supply is lower than that of a healthy, balanced market and we must note that this increase was due entirely to a 17% decrease in the number of home sales. This exceeded the drop in for-sale inventory, which fell month-over-month and in September marked the eighteenth consecutive month of year-over-year decreases. The increase in the months of supply measure could therefore be attributed to a combination of the typical seasonal sales slowdown and some price resistance among potential homebuyers, with the median sales price increasing 7.5% in the last year, a pace considerably higher than that of wage growth.

Strength in the U.S. employment market continued in September as the unemployment rate fell to 4.1%, its lowest level since late 2000. This strength was expressed in the October Consumer Confidence Index, which reached its most optimistic level since December 2000. Consumers noted improvements in both present-day conditions and the small-term economic outlook, though a slightly smaller share of respondents expected an improvement in small-term income prospects.

As we noted in June, the number of apartments under construction reached a forty-year high this summer and rental rates have been affected by the stream of completed units coming to market; the national median price for a two-bedroom unit fell year-over-year in each of the last eight months. Median monthly rents for these units have fallen by over $200 since mid-2014, from $1,750 in June 2014 to $1,545 in September 2017. Remarkably, these rent decreases have taken place at a time when much of the new multi-family construction in the U.S. has been in the high-cost luxury category. Taking a huge-picture view, this trend should be beneficial for renters that have struggled to save for a down payment while home prices have continued their march upwards. Multi-family housing permits have totaled 292.9k through the first nine months of 2017, marginally higher than the same period in 2016, so we can expect the trend of moderating rent prices to continue in the small term.

Single-family permit approvals fell further than expected in September, with 32,400 approved in aggregate across the 41 Tides markets. Multi-family permitting was characteristically volatile, falling 15.7% in September with just 23,000 permits approved in the month. But, the six-month moving average was small changed at a rate of 25,000 permits per month.

Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Powered by WPeMatico

DALLAS, TX – Napali Capital, a leading real estate investment company, announced the acquisition of Adira Apartment homes (Adira) in Dallas. The buy of Adira is part of Napali Capital’s ongoing strategy to expand its real estate portfolio with qualified assets to generate sustainable passive income streams for its accredited investors. This is the company’s first property in Dallas and sixth in Texas.

Adira is a 12-building, 164-unit, gated community featuring apartment homes ranging from one- to three-bedroom. It is located along Interstate 20, just 15 minutes south of downtown Dallas in the Red Bird area of the city and has more than 10 major distribution centers including Home Depot, Walmart, Amazon, Kohl’s, FedEx, Conn’s and Penske within a three-mile radius of the property.

Napali Capital has plotted $600,000 in capital improvements including the addition of new landscaping, covered pergolas with grilling stations and children’s play equipment. Select units also will receive cabinets, countertops, light fixtures and kitchen appliance upgrades.

Napali Capital invests only in areas with a strong economic base, high job growth and low unemployment. South Dallas’ apartment market has seen steady growth with average effective rent increasing every year since 2012, and current and plotted developments and economic growth are pushing rental rates in the area to record levels.

“The ongoing expansion in this area, both economic and residential, positions Adira as an ideal investment opportunity,” says Napali Capital co-founder and Managing Partner, Thomas Black, M.D.  “Considering this and the plotted property improvements, we are very enthusiastic about the projected equity and return to our investors.”

Powered by WPeMatico