In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Brookdale-Emeritus Merger Averted REIT Mega-Deal—It turns out Brookdale Senior Living (NYSE:BKD) wasn’t the only suitor looking to acquire Emeritus, but was just one among several other unnamed interested buyers, several of which analysts suggest may have been real estate […]
Category: CCRCs
While senior living developers have primarily focused their efforts towards assisted living and memory care lately, one provider is bucking the trend with plans to expand its independent living segment with $140 million of luxury developments. Pacific Retirement Services, Inc. (PRS), a non-profit developer and provider of continuing care retirement communities (CCRCs) headquartered in Medford, […]
Construction: Planned Groundbreaking Planned for $70M Oklahoma CCRC this Fall Officials with Oklahoma City-based Epworth Villa plan to hold a groundbreaking for a new continuing care retirement community (CCRC) this fall in Stillwater, OK, reports Stillwater News Press. The Ranch, which will be Stillwater’s first CCRC, will be located on 55 acres adjacent to Lakeside […]
As many existing senior living properties age relative to newer counterparts, operators are realizing there’s more to attracting new residents than maintaining the status quo. Many are turning to repositioning, reprioritizing and introducing new amenities to replace the old, tried and true, say several repositioning experts with the LCS family of companies during a webinar […]
HealthLease Properties REIT Acquires Five Properties for $67 Million HealthLease Properties Real Estate Investment Trust (HLP.UN) completed the previously announced acquisitions of a senior housing and care portfolio, including five properties, May 21 for a combined $67 million. Health Lease acquired Smith Packet III (SP III) and newly-built, triple-net leased, 100-unit seniors housing and care […]
From knowing where to find information to studying up on entrance fees and financial contracts, Forbes offers several tips to help consumers navigate the search process when shopping around for continuing care retirement communities (CCRCs). With nearly 2,000 CCRCs nationwide, according to data from the National Investment Center for the Seniors Housing and Care Industry […]
Health care providers, including dozens of senior living communities and CCRCs, largely give their employees low marks when it comes to their own health care. As a result, many are starting to implement in-house initiatives to improve their outcomes, with CCRCs largely leading that charge. Among senior living providers, CCRCs are more likely to have […]
With two major deals under way that will expand Brookdale Senior Living’s (NYSE:BKD) footprint well beyond its current reach, the company says it is aiming to be the one and only nationwide senior living brand in the years to come. Brookdale and Emeritus Corp. (NYSE:ESC), announced a $2.8 billion deal in February that brings the […]
Construction: Planned Spectrum Affiliate Plans $16.6 Million Assisted Living Community in St. Louis S-K Dougherty Ferry LLC, an affiliate of Denver-based Spectrum Retirement Communities, is planning to build a $16.6 million senior living community in St. Louis County, reports St. Louis Business Journal. The four-story community will include 100 beds, 24 of which will be […]
On the heels of an announced joint venture with HCP that is propelling Brookdale into the entrance fee continuing care retirement community market, the company said this week it is converting one of its existing rental campuses into a CCRC with the addition of new care services. Brookdale Place at University Park in Birmingham, Alabama […]
Subscribe
Receive industry updates and breaking news from SHN