In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room, […]

Buckner International To Build $108 Million Dallas CCRC

Buckner International, a global developer of housing including senior living communities, announced it has plans for its next faith-based senior housing development: Ventana by Buckner in North Dallas. The CCRC is projected to cost roughly $108 million and is expected to be developed over the next four years, targeting completion in 2018. Buckner International plans […]

In the Pipeline: Senior Housing Construction Projects (4/3/14)

Construction: Planned Developer Dives into Senior Living Market with $15 Million Project  Kansas City, Missouri-based development firm Lane 4 Property Group is entering the senior living business, partnering with Tetrad Property Group of Omaha, Nebraska, to develop a $15 million independent living project, Kansas City Business Journal reports. The 101-unit independent living facility will be […]

CCRC Sees Future as Angie’s List of Senior Living

For years, continuing care retirement communities (CCRCs) have attracted residents based on the services and amenities they offer within their campuses. But for one organization, the overwhelming adoption of a program offered specifically to seniors living outside one of its California communities has led it to rethink the future of its business model. Carmichael, California-based […]

New Jersey CCRC to Launch $97 Million Expansion For Household Model

An existing New Jersey non-profit CCRC is pursuing nearly $100 million in financing for a renovation and expansion that will focus on repurposing its units to a household model of care.  Fellowship Senior Living in Basking Ridge, New Jersey, about 35 miles from New York City, has reportedly selected RBS Citizens Bank to lead a […]

CMS: CCRCs Count as Community-Based Care Settings

In updating guidance from a final rule published in January, the Centers for Medicare & Medicaid Services rule that continuing care retirement communities (CCRCs) do count as community-based care settings. Unlike more institutionalized settings such as nursing homes, CCRCs do not raise the same concerns regarding isolation, particularly since CCRCs “typically include residents who live […]

NY Times: Legal Rights for CCRC Residents Vary by State

Recent mainstream media coverage of lawsuits against continuing care retirement communities (CCRCs) may be the result of residents’ limited legal rights that vary from state to state, suggest a New York Times blog. Since CCRCs are regulated at the state level, there is no consistency as to what residents’ rights are from state to state, […]

N.Y. Times: Vi CCRC Lawsuit Hinges on Lost Peace of Mind

Six residents at Vi at Palo Alto are still waiting to see if the lawsuit they filed, claiming lost peace of mind regarding the financial stability of community, will be certified as a class action.  They’re suing over concerns their continuing care retirement community entrance fees won’t get refunded, writes the New York Times’ The […]

NY Times: Faith Based Senior Living Makes Comeback

After getting rocked by the downturn in the economy over the last few years, continuing care retirement communities (CCRCs) are making a comeback, reports the New York Times.  While still a small portion of the overall market for senior living, CCRCs are seeing an increase in occupancy and development says Ziegler, an investment bank based in […]