Man admits setting fire to Killaloe nursing home

first_imgJames Sherlock, who arrived at court in a wheelchair, pleaded guilty to arson under Section 2 of the Criminal Damage Act at the nursing home on August 20, 2010Margaret O’Gorman died while residents were being moved to safety after the blaze was discovered.The inquest concluded that her death was the result of an acute heart attack and a contributory factor was a narrowing of the main heart valve – and that there was no sign she died as a result of the fire.Ennis Circuit Court today heard that James Sherlock is currently living in a care home and Judge Gerald Keyes remanded him on bail for sentencing tomorrow.Above: The Lakes Nursing Home in Killaloe. Advertisement Twitter Print WhatsApp A 22-year-old disabled man has admitted to causing a fire at a nursing home in Killaloe during which a 95-year-old woman died.James Sherlock of Childers Road, Ennis appeared before Ennis Circuit Court today in connection with the incident at the Lakes Nursing Home, Hill Road, Killaloe over two years ago. An inquest last year found the 95-year-old resident Margaret O’Gorman did not die from the effects of the blaze but of natural causes.Sign up for the weekly Limerick Post newsletter Sign Up Facebook NewsLocal NewsMan admits setting fire to Killaloe nursing homeBy admin – February 20, 2013 719 Email Linkedin Previous articleFitzgibbon Cup exits for Limerick pairNext articleHotline appeal over information on missing Limerick man adminlast_img read more

SFR Vacancy, Turnover Rates Drop in Winter Months

first_img The Best Markets For Residential Property Investors 2 days ago Print This Post Demand Propels Home Prices Upward 2 days ago Tagged with: SFR Securitizations Single Family Rental Related Articles Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / SFR Vacancy, Turnover Rates Drop in Winter Months SFR Securitizations Single Family Rental 2016-02-03 Brian Honea About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, News Fewer properties with lease expirations in the winter months resulted in a general decline in vacancy rates along with strong retention rates for the month of November, according to data reported by Morningstar Credit Ratings in its December 2015 Single-Family Research: Performance Summary Covering All Morningstar Rated Securitizations.The lower percentage of lease expirations for the winter months could also be the cause of a general decline in turnover rates, according to Morningstar. Overall, delinquency rate remained low and cash flows remained sufficient to cover bond obligations despite an uptick in delinquency rate for 12 out of the 23 securitizations covered in Morningstar’s report.Morningstar publishes its performance summary in order to provide property-level data for each securitization monthly for market participants, since historical data for SFR securitizations is relatively limited. The first SFR securitization, IH 2013-SFR1 (Invitation Homes), in October 2013. Since then, issuance for SFR securitizations has surpassed $13 billion for about 100,000 homes, according to Morningstar.“The December property-level data shows performance of the single-borrower, single-family rental asset class has remained strong,” Morningstar stated in the report. “Vacancy and turnover rates have been improving and delinquency rates continue to be low and in line with Morningstar’s expectations. Monitoring the monthly performance of key metrics in both the single-borrower and multiborrower areas of the singlefamily rental asset class is important as more historical data becomes available, particularly as issuers employ different strategies in managing their securitized pools.”Delinquency rates generally ticked up among the 23 securitaztions, yet they remained low; the highest delinquency percentage for any transaction in December was 1.7 percent, for both ARP 2014-SFR1 (American Residential Properties) and PRD 2015-SFR2 (Progress Residential). Even though the ARP transaction tied for the highest delinquency rate in December, the rate of 1.7 percent was still way down from its peak of 3.0 percent reached in June 2015.Since the number of lease expirations heavily influences the vacancy rate during a given month, the vacancy rate tends to be higher when there are more lease expirations. Likewise, the fewer the lease expirations during a month, the lower the vacancy rate. Out of the 23 transactions covered in Morningstar’s report, 16 of them had fewer lease expirations in December than they had in November. The highest delinquency rate during December went to AH4R 2015-SFR1 (American Homes 4 Rent) with 8.0 percent, which was still an improvement of a full percentage point from December’s rate of 9.0 percent. PRD 2015-SFR2 reversed five consecutive months of steady increases by declining to 6.6 percent in December.Click here to view the complete Morningstar SFR Performance Summary. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago February 3, 2016 1,151 Views Previous: DS News Webcast: Thursday 2/4/2016 Next: LenderLive Welcomes New Regional Account Executive Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago SFR Vacancy, Turnover Rates Drop in Winter Months Sign up for DS News Daily last_img read more