Construction: Planned Community for 55+ Proposed in Pennsylvania A community for adults 55 and older has been proposed in Goochland County, Pennsylvania, by developer HHHunt Communities. The proposed plan would include 520 homes and amenities such as a pool, walking trails and open green spaces on 208 acres of land. If the plan is approved, […]
The skilled nursing sector came under pressure in 2016, pushing Care Capital Properties (NYSE: CCP) to give a major tenant some short-term rent relief. And the “pure play” skilled nursing real estate investment trust may be expanding its scope, looking to add new asset classes to its portfolio. The difficult labor market, decreasing lengths of stay, increasing regulatory […]
In multi-facility long-term care companies, those in CEO positions are bringing in significantly more than other high-level executives, a new compensation comparison report found. As of October 2016, the average total compensation (salary plus bonuses) of a CEO in long-term care was $484,010 while the average salary for a chief operating officer was $339,381, according […]
(Rendering of Atria at Villages of Windsor located in Palm Beach County, Florida — photo courtesy of Atria Senior Living) Construction: Planned Developers Investing $9 Million In New Memory Care Community A new memory care community is planned to start construction soon. The $9 million Fieldstone Memory Care community, located in Spokane, Washington, will be […]
Society is heading toward a major shift in 2020, when the growth rate for those 85 and older will accelerate. To be able to handle that, there needs to be an infrastructure that will keep up. Senior housing providers and investors should start looking at Medicare-certified home care companies as valuable allies, according to research findings from […]
Rumors of a potential sale of senior housing giant Brookdale Senior Living (NYSE: BKD) took another turn Thursday, as real estate investment trust (REIT) Ventas (NYSE: VTR) was said to be in talks to buy the company in whole or in part. The Wall Street Journal first reported the rumor, citing unnamed sources with knowledge of the […]
(Rendering of River Tower at Harbor’s Edge, located in Norfolk, Virginia— photo courtesy of Harbor’s Edge) Construction: Planned Upscale Retirement Community Tower Planned in Virginia Harbor’s Edge, a Life Plan Retirement Community in Norfolk, Virginia, announced it is building a new, $100 million, 27-story building. River Tower at Harbor’s Edge will add 138 luxury residences that […]
Following bleak fourth quarter earnings, executives at the largest senior living provider in the nation are predicting a gloomy 2017. A rumored takeout by a private equity buyer was the backdrop for the earnings, which likely increased pressure on Brookdale Senior Living (NYSE: BKD) to get a deal done. Brookdale leaders on Tuesday cited a number of factors […]
For the largest senior housing provider in the country, the struggle goes on. Brookdale Senior Living’s (NYSE: BKD) net loss for the fourth quarter of 2016 increased by more than 50% on a year-over-year basis. Its quarterly revenue of $1.21 billion missed analyst expectations by $10 million. Specifically, Brentwood, Tennessee-based Brookdale posted a net loss of $268.6 million […]
Construction: Planned Ground Breaking Scheduled for Community in Washington Construction is set to begin on Wesley Homes Bradley Park later this month. Located in Puyallup, Washington, the community will be for those 62 and older. The community will be built on a 14-acre plot of land and will be the first faith-based nonprofit continuing care retirement […]
