Category: CCRCs

Senior Living Non-Profit Looks to Acquire Sears Methodist Post-Bankruptcy

Dallas-based Buckner Retirement Services, Inc. (BRS) may soon become the largest non-profit senior living provider in the state of Texas with plans announced Thursday to pursue a potential acquisition of Sears Methodist Retirement System, Inc. The non-profit, faith-based ministry said it plans to pursue an affiliation with or acquisition of the Abilene, Texas-based Sears, which… Read More »

Lawmakers Work for CCRCs and ACOs To Get Along

Proposed legislation is gaining traction on Capitol Hill that would allow states to create Accountable Care Organizations (ACOs) for seniors in continuing care retirement communities (CCRCs) with existing Medicare and Medicaid coverage. Congressmen Joe Barton (R-Tex.) and Ralph Hall (R-Tex.) recently signed on as cosponsors of the proposed bill, HR 2376 or the Medicare Residential Care… Read More »

In the Pipeline: Senior Housing Construction Projects (9/18/14)

Construction: Planned Ohio Senior Living Community Plans $20 Million Expansion Otterbein Senior LIfestyle Choices is planning a $20 million expansion to add more housing to its continuing care retirement community (CCRC) campus in Lebanon, Ohio, reports Dayton Business Journal. The project will create 83 independent living units across 20 new buildings, among them will be 17… 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 »

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 »

Most Shared: The Apple Watch and Senior Care, Made-to-Order CCRCs

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: How the Apple Watch Will Revolutionize Senior Care—The long-anticipated Apple Watch was unveiled this week by the tech giant. SHN takes a look at how it stacks up… 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 »

Senior Housing Finance Activity: Grandbridge, Greystone

Grandbridge Real Estate Capital Closes $12.2M Mortgage Loan for Ore. Memory Care Facility The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital recently closed a $12,250,000 first mortgage loan secured by Quail Park Memory Care in Eugene, Ore. Funding for the refinance was provided by BB&T Real Estate Funding, Grandbridge’s balance… 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 »

NY Times: Food Snobbery, Top Chefs Enter Senior Living

Culinary artists, farmers markets and other foodie delights are making landfall in senior living—a trend highlighted this week by The New York Times. And while fine dining isn’t new to those in the industry, the emergence of upscale food can be attributed to the aging baby boom generation, The New York Times reports. At The… Read More »

CCRCs Gather on Future Growth, Facing “In or Out” Decision

In or out. It’s a decision that for many non-profit CCRCs, has not yet had to be addressed.  But market factors over the last 10 to 20 years spanning technology changes, traditional innovation, consumer preference and financing vehicles are all leading to a turning point that many of those CCRCs today are facing.  “The continuum as… Read More »