Blueprint Arranges Sale of Assisted Living, Skilled Nursing Portfolio in Ohio Blueprint recently announced the first closing of a multistage portfolio sale comprising one assisted living community and two skilled nursing facilities in northeast Ohio. The seller was a regional owner-operator looking to transition out of day-to-day community management. Blueprint identified a regional operator to lease […]
For years, modular construction has mostly eluded the senior housing industry—despite its perceived ability to deliver projects more quickly and at a lesser cost than traditional construction methods. Now, a manufacturing company with deep industry roots hopes to make modular construction in senior housing the norm. Chicago-based Skender recently announced plans to open a new […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Koelsch Communities to Open $70 Million Community in 2020 Koelsch Communities intends to break […]
HCP, Inc. (NYSE: HCP) has set out to reinvent its senior housing portfolio, and company leaders believe that they are “making massive progress.” The Irvine, California-based real estate investment trust (REIT) is currently “remaking [its senior housing portfolio] in a pretty dramatic way,” switching up the properties it owns, the providers it works with, the […]
Capital Senior Living’s (NYSE: CSU) only salvation may be in its owned real estate, according to analysts from Stephens and Stifel. On Tuesday, the Dallas-based senior housing provider reported “disappointing” financial results for the second quarter of 2018, as well as a drop in occupancy for consolidated and same communities to 85.5%. Currently, Capital Senior […]
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Capital Senior Living (NYSE: CSU) posted “disappointing” second quarter 2018 financial results on Tuesday—blaming ultra-competitive pricing and wage pressures for the company’s lower occupancy and worse-than-anticipated earnings. The provider is also currently “conducting a comprehensive review of operations to determine additional steps that can be taken to improve performance going forward,” according to a press […]
In senior living, utilizing third-party referral sources often results in less desirable leads—as well as a litany of frustrations. That’s according to a recent report from Chicago-based special investment banking firm Ziegler. For the report, Ziegler surveyed more than 150 senior housing financial professionals and CFOs, 98% of whom worked for nonprofit organizations. It’s much […]
Senior living construction costs remain on the rise, due in part to an ongoing labor crunch and the rising price of building materials. Currently, mid-level assisted living projects range from $176 to $228 per gross square foot, while mid-level independent living projects range from $147 to $185 per gross square foot, according to a recent […]
A senior housing developer known for a high-end project near Walt Disney World has now set its sights on Kiawah Island, South Carolina. Florida-based Big Rock Partners is planning to build a $125 million, “highly amenitized” senior housing rental community in the island’s Freshfields Village. The 200-unit building, which is scheduled to break ground in the […]
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