Author Archive: Jason Oliva

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In the Pipeline: Senior Housing Construction Projects (4/17/14)

Construction: Planned Validus Senior Living to Break Ground on New Florida Assisted Living Project Tampa, Florida provider Validus Senior Living will team with a local developer to create a combined assisted living and memory care community that the company says will feature innovative programming and life-enhancing technology. Validus anticipates breaking ground on the new InspiredLiving… Read More »

Senior Housing Investments & Acquisitions: Mainstreet, LCS, BMA Management

BMA Management Tapped to Operate 2 New Ill. Communities BMA Management has been picked to operate two senior living communities currently being developed in Illinois. Both will serve low-income seniors through the state’s Supportive Living Facility program. Goldblatts Senior Living Community is being developed in the historic Goldblatts Department Store building in Chicago’s Back of… Read More »

Developer Takes Multi-Gen Approach to Senior Housing in China

China’s massive aging population and a new government policy are meshing well for one developer’s multi-general “mini-city” concept that looks to house 30,000 people of all ages, reports Quartz. M Health China plans to build a mult-gen mini-city in the southwestern city of Chongqing, featuring 30-story high rise complexes designed with the elderly in mind.… Read More »

Health Care REIT Appoints New CEO

Health Care REIT (NYSE:HCN) announced on Monday that Thomas J. DeRosa has been appointed chief executive officer. DeRosa will replace George Chapman, who has retired from his positions as chairman of the board, chief executive office, president, but will continue to serve as a senior advisor to the company. Prior to being named CEO, DeRosa… Read More »

Brookdale Now Wireless Portfolio-Wide, Emeritus Up Next Post-Merger

Brookdale Senior Living (NYSE:BKD) has gone wireless in its Internet capabilities for residents, staff and guests across its portfolio with plans to expand into Emeritus properties post-merger, according to InformationWeek HealthCare. Everything from ordering meals and hair appointments to monitoring physical therapy and electronic health records (EHRs) will be available online to those living and working under… Read More »

Senior Housing Q1 Occupancy Nudges Upward as Construction Slows

Overall occupancy for all senior housing property types ticked slightly upward during the first quarter of 2014 as new construction slowed, according to recent data from the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for senior housing properties in the first quarter was 89.8%, an increase of… Read More »

Top Posts of the Week: Assisted Living’s Priciest States, Nursing Home Sued for Strippers

In case you missed it…here are the top five headlines grabbing SHN readers’ attention this week: 10 Most Expensive States for Assisted Living—The East Coast plays home to some of the most expensive states for long-term care with the median annual cost topping out at more than $86,000 for a single-occupancy assisted living unit, according… Read More »

Developer and Hedge Fund Form Independent “Light” Joint Venture

A New York-based senior housing developer sees huge value in developing independent living “light” residences, and is teaming with a New York City hedge fund on a massive, national pipeline, reports business trade journal Buffalo Business First. Calamar Enterprises, Inc., headquartered in Wheatfield, has entered into a joint venture with Mount Kellett Capital Management LP,… Read More »

In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room,… Read More »

Senior Living Acquisition Prices Neared Record Highs in 2013

Senior living acquisition prices are nearly back to their pre-recession peaks across property types, with skilled nursing seeing the highest per unit prices paid in 2013—up 21% year over year—according to an annual tally published by Irving Levin Associates. In its 19th year of publication, The 2014 Senior Care Acquisition Report notes that the average… Read More »

Emeritus to Close Dallas Community, Cites Costly Building Code Updates

Costly building improvements is forcing Emeritus Corp. (NYSE: ESC) to close one of its outdated properties in Texas. Emeritus at Vickery Towers, located in the Dallas-Fort Worth area, will close its doors on July 15, according to a statement from Summer Hammerle, regional director of operations at Emeritus.  The community was first constructed in 1968,… Read More »