Category: CCRCs

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 »

Indiana CCRC Leans on New Fee Model After Chapter 11 Bankruptcy Filing

An Indiana continuing care retirement community (CCRC) with $14 million of outstanding debt is leaning on Chapter 11 bankruptcy protection as well as a new fee model for independent living residents to help meet the community’s financial obligations. River Terrace Estates, a CCRC located in Bluffton, Ind., on Tuesday filed for Ch. 11 in the… 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 »

Capital Raise Launches $100 Million for China CCRC

A Hong Kong-based investor and a global capital raising firm have accumulated U.S. $100 million via insurance-based bonds for the development of a Chinese continuing care retirement community (CCRC). Assisted by Hong Kong’s First Equity Finance Company and IFA Capital, Chinese development company Jiangsu Suja Group Ltd. will raise the $100 million to construct a CCRC… 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 »

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 »

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

Legacy Healthcare Expands Team Legacy Healthcare, which owns and operates 17 skilled nursing centers in Illinois, has hired Kristin Scott as regional director of business development and Erik Iverson as director of business development for Warren Barr North Shore.   Scott brings to the position experience in physician relations and business development, most recently working… Read More »

CCRC Face-Lifts Keep Aging Communities Competitive

As continuing care retirement communities (CCRCs) in the pipeline nationwide have all the fixings today— multiple dining areas, exercise and wellness facilities and more — those with years under their belt are staying competitive through campus renovations and updates. An older CCRC in Portland, Ore., – founded in 1957 – is undergoing a $60 million redevelopment project… Read More »

A Place for Mom Expands Reach Into Canada

Log onto A Place for Mom, Inc. (APFM) and you might notice a red maple leaf icon at the top of its website. The senior living lead giant rolled out a Canadian division Monday that it will operate in addition to its wide-reaching American branch. “Canada is the next logical step for the company and, after… Read More »

Most Popular News of the Week: Erickson Eyes CCRC Market with $1B Investment

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Erickson to Invest $1 Billion in Clustered CCRC Developments — Erickson Living’s $1 billion investment in continuing care retirement community (CCRC) development and expansion signals a robust future for the CCRC market, which has had sluggish development compared to its pre-Recession… Read More »

Movers and Shakers — People and Positions for July, Part I

Kayne Anderson Promotes Max Newland to Managing Director Kayne Anderson Real Estate Advisors (KAREA), a private equity from in the senior housing segment, announced it has promoted Max Newland to Managing Director. In his new position, Newland will continue to be responsible for origination, analysis, underwriting and execution of acquisitions for Kayne Anderson’s real estate… Read More »