It’s often hard for seniors to transition from living at home to entering an assisted living facility, but marketers say it’s important to stress the necessity of the services they offer in order to get people to make the leap sooner rather than later. “Sales people will focus on benefits of assisted living, and all […]
Category: Assisted Living
National Health Investors (NYSE:NHI) closed on a $5.4 million purchase of Willow Run Retirement Center, a private pay 60 unit assisted living community with four independent living cottages in Greensboro, GA. As part of the transaction, NHI is renaming the property as Savannah Court of Lake Oconee, which will be leased to Senior Living Management. […]
Brooks Rehabilitation recently began infrastructure development on its Bartram senior housing and care campus, located in Jacksonville, Fla., adding assisted living and memory care facilities to the services it will offer. The first phase of the project will break ground in early 2012, and will include a 61-unit assisted living facility (ALF), an 18-unit memory […]
Despite declining capital rates in assisted living and skilled nursing facilities, many senior housing and care executives see promise in the industry, especially when it comes to the assisted living sector. During an online conference of senior care investors hosted by Irving Levin Associates earlier in September, a group of panelists weighed in on M&A […]
The Department of Housing and Urban Development awarded nearly $100 million in grants to help public and assisted housing residents find employment and help the elderly maintain independent living. The funding can also be used to retain or hire “service coordinators” or case workers for these HUD-assisted families to connect them to the supportive services that […]
A group of seniors that has valued their independence and ability to roam because of their RVs have reached the proverbial end of the road, but they haven’t given up the RV lifestyle, reports a New York Times article in the last of a series on creative senior housing situations. About 50 seniors continue to […]
Emerald Square Assisted Living was purchased for $3 million by an unnamed private equity fund based out of Dallas, TX, last week. Based in Oklahoma City, OK, the property is a 73-unit assisted living facility that was previously owned by Sunwest Management, an Oregon based operator that filed for bankruptcy protection in 2009. “We are […]
Benefis Health System recently broke ground on its first continuing care retirement community, the Grandview at Benefis, in Great Falls, Mont. The 42-acre campus, which will have 140 units, will cost about $67 million. Construction is due to start imminently, and is expected to be finished in 2014. Residents will consist of a range of […]
While demand is growing for senior housing, supply has dwindled as a result of the housing market collapse, so the companies who have stuck with development are poised to benefit from the housing needs of America’s aging population, a New York Times article reports. Most of these developers are small- to mid-size regional operations that […]
AdCare Health Systems (NYSE:ADK) announced Monday it has signed a definitive agreement to purchase a skilled nursing and assisted living community in Mountain View, Arkansas for $4.2 million. In aggregate, the facilities have 129 beds that generated an estimated $5.2 million in annualized revenue. Expected to close in the fourth quarter of 2011, AdCare plans […]