Category: Assisted Living

New Joint Venture Aims to be Best of Multifamily, Senior Living

New Joint Venture Aims to be Best of Multifamily, Senior Living

A recently formed joint venture between an Arizona-based senior living operator and a multi-family housing developer from Michigan plans to bring several new luxury-style communities to the Phoenix metropolitan area in the years to come. Last week, Phoenix-based operator Retirement Community Specialists, Inc. (RCS) announced it would join forces with Investment Property Associates, LLC (IPA),… Read More »

Movers & Shakers — People and Positions for September, Part III

Mainstreet Names 5 New Staff Members to Join Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of post-acute health care properties, has announced five new members will join its team. Michael Klingl has joined Mainstreet as a development director. Klingl most recently worked for GreenbergFarrow in Chicago, where he served as a senior development manager for more… Read More »

Mystery Shopping Reveals Failing Marks for Senior Living Sellers

Despite senior living communities’ ongoing efforts to improve their outreach and marketing campaigns, the fundamental basics of their marketing strategies are still seen largely as flawed. Mystery shops completed by students in senior housing administration at George Mason University show that assisted living communities’ sales staff overwhelmingly fail to ask the right questions and provide the necessary… Read More »

Senior Housing Investments & Acquisitions: Sentio Healthcare, Aviv REIT, Validus

Sentio Healthcare Properties Acquires Community for $42.5 Million Sentio Healthcare Properties, Inc., a health care-focused real estate investment trust (REIT), recently announced the $42.5 million purchase of St. Andrew’s Village, a Class A, 246-unit continuing care retirement community (CCRC) in Aurora, Colo. The St. Andrew’s Village campus includes 146 independent living units, 60 assisted living units… Read More »

Affordable Senior Housing Is the Next Big Growth Opportunity

Senior housing operators will be forced to address the growing need of low- to moderate-income seniors in the coming years, as an estimated 3.5 million seniors today don’t have enough money to pay for higher acuity services. The high-end senior living facilities that have emerged within the past few years just won’t cut it when… Read More »

Benchmark Implements New Standard for Assisted Living Staff Training

As assisted living regulation looms on the horizon, Benchmark Senior Living has announced it is partnering with Redilearning Corporation in an effort to get ahead of the curve and boost staff training efforts. Under the partnership, Benchmark University — which manages all training, development and employee learning for the company — will leverage the services, support… Read More »

Health Care REIT Targets $1.7 Billion of Acquisitions in 2014′s Second Half

Based on acquisitions that have either already closed in the third quarter or are in some form of contractual agreement, Health Care REIT (NYSE: HCN) announced today that it anticipates to acquire approximately $1.7 billion worth of properties in the remainder of this year. The acquisitions to come—those which may have not already closed—include ones… Read More »

In the Pipeline: Senior Housing Construction Projects (9/11/14)

Construction: Planned Houston CCRC Announces $56 Million Expansion  The Buckingham, a 501(c)3 non-profit continuing care retirement community in Houston, Texas, recently announced it will undergo a $56 million expansion that will add 187 total residences to its existing campus. Sponsored by Senior Quality Lifestyles Corporation (SQLC), The Buckingham—a Type A CCRC—currently has 204 independent living… Read More »

Movers & Shakers — People and Positions for September, Part II

Homestead Assisted Living Welcomes New Director Homestead Assisted Living, formerly Prairie View Assisted Living, has named Gloria Rink, registered nurse, as executive director. Rink has been with Homestead since 2008, serving as resident care coordinator, and is the longest-serving employee at the facility. Prior to working at the community, Rink was the evening head charge… Read More »

Most Shared: Senior Housing Crisis Looms, Future of Upscale Design is Here

Senior Housing News wrote them, you read them and passed them along to your friends and colleagues. Here are the most shared posts from SHN this week: Harvard, AARP Say Seniors Housing is Next Big American Crisis – A shortage of caregivers for baby boomers, high cost of senior living products and services and lack… Read More »

In the Pipeline: Senior Housing Construction Projects (9/4/14)

Construction: Planned Pinkard Construction to Build New Villagio Senior Living Community in Colo. Pinkard Construction, along with Van Tilburg, Banvard & Soderbergh Architects, have been selected as general contractor and architect on the newest Villagio Senior Living community in Broomfield, Colo.  The project is a 51-unit “Memory Care Continuum,” the companies stated in a release.… Read More »