Category: Assisted Living

In the Pipeline: Senior Housing Construction Projects (7/24/14)

Construction: Planned Developers Near Construction on $30MM Michigan Senior Living Village Brighton, Mich.-based Unified Property Group is readying a groundbreaking next month on its latest endeavor, a $30 million “senior living village” in Pittsfield Township, Mich., reports MLive. The Pittsfield Township Planning Commission recently approved the final site plans presented by Unified Property Group, which call… Read More »

CNL Healthcare Completes 9-Property Senior Living Portfolio Expansion for $225 Million

CNL Healthcare Properties announced today it has acquired seven senior housing communities in Texas and one in Illinois from developer South Bay Partners, Ltd., for $187.2 million. It is also expanding through a ninth community that will be developed through a joint venture between CNL and South Bay Partners.  CNL Healthcare, an Orlando-based non-traded real… Read More »

Developers See Opportunity as Old Nursing Homes Become Obsolete

The design elements for post-acute care facilities of the 1960s, such as shared rooms and cafeteria-style dining, have become dinosaurs of the industry. In their stead are upscale, hotel-style models that are redefining post-acute care communities, industry experts agree. “The transitional and long-term care facilities of 40 years ago are functionally obsolete,” said Zeke Turner,… Read More »

Senior Living Faces Danger in Lack of Resident Background Checks

Senior living operators are behind the curve on several important standard procedures that have long been deemed the norm in the housing industry, experts say. The growing senior housing space, which many say is still in its infancy relative to other property types, has a lot left to learn from other housing players, including the… Read More »

Aegis Living Appoints Judy Meleliat as New Company President

Aegis Living has appointed its former Chief Marketing Officer Judy Meleliat to serve as the company’s new president, joining a handful of women C-suite leaders among the largest assisted living providers in the nation. Aegis, which ranked No. 51 of the nation’s largest senior living providers in 2014 by the Assisted Living Federation of America,… Read More »

Developers See Risk and Big Reward in Tackling Crazy Zoning Markets

While some senior living providers see tough zoning laws as a barrier to breaking ground in a certain market, others see an opportunity to stake claim in otherwise uncharted territory. “In difficult markets to zone there are substantial entitlement hurdles, and usually you’re going to find an underserved population because of the challenges developers have,”… Read More »

Senior Housing Investments & Acquisitions: Aviv REIT, Ensign Group, Capital Senior Living

Aviv REIT Announces $94 Million Acquisition Aviv REIT, Inc. (NYSE:AVIV) announced it has acquired two assisted living facilities and one skilled nursing facility for $82 million, in addition to two parcels of land for $12.2 million.  With the parcels of land, Aviv has gained the entitlements for construction of two new assisted living facilities and… Read More »

Senior Housing M&A Activity Surges to All-Time High

The senior housing mergers and acquisitions market continues to bubble with activity across all property types and reach new heights annually and quarterly, according to the latest report from Irving Levin Associates, Inc. The second quarter of 2014 saw 60 publicly announced senior care M&A transactions, the highest volume ever recorded for the period, up… Read More »

Most Popular News of the Week: Assisted Living Leads Senior Living Inventory Market

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Assisted Living Growth Rate Climbs to Highest Peak Yet — Assisted living’s inventory growth rate reached its highest level since 2007 in the second quarter, according to the latest data released by the National Investment Center for Seniors Housing &… Read More »

Senior Housing Still Booming, But Wild Card Remains

Senior housing has proven to be a hot ticket for many types of investors, as they are looking to jump into the market while housing activity rebounds to pre-recession levels. To date, most say there is huge upside for investment given a recession-resilient property type and a consumer demographic that is expanding in droves each day.… Read More »

In the Pipeline: Senior Housing Construction Projects (7/17/14)

Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place… Read More »