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 […]
Category: CCRCs
Construction: Planned Wisconsin Assisted Living Community to Add Memory Care Center An assisted living community in Weston, Wisconsin is scheduled to break ground late this month on a memory care addition to the existing campus, reports Central Wisconsin Business. Stone River Assisted Living and Rehab will break ground on the new, 23,000-square-foot memory care facility […]
Cambridge Arranges $9.6M Loan for Mich. ALF Cambridge Realty Capital Companies reports arranging a $9,631,00 loan to refinance the Crystal Creek Assisted Living community located in Canton, Mich. The fully-amortized 35-year loan was arranged for the owner using the HUD Section 232/Section 223(f) funding program and was underwritten by Cambridge Realty Capital Ltd. of Illinois, […]
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Biggest Losers in the Brookdale-Emeritus Deal: The Big 3 REITs—Following the news that Emeritus and Brookdale would merge, creating the largest senior housing entity in the nation, analysts expressed their ideas on why this may not bode so […]
Construction: Planned Plans Move Forward for $30 million Michigan Senior Living Village Preliminary site plans for a $30 million senior living community in Michigan were approved last week by the Pittsfield Township Planning Commission, bringing the development from Brighton-based Unified Property Group LLC closer to a groundbreaking, reports MLive. The project calls for a 175,000-square-foot […]
An ever-expanding non-profit provider of continuing care retirement communities (CCRC) sees home care as the ticket to growing and protecting its business over time. National Lutheran Communities & Services (NLCS), a non-profit based in Rockville, Maryland, is banking on the multiple benefits of rolling out a new, proprietary home care agency. The CCRC provider went […]
Senior Living Investment Brokerage Handles $5.3M Sale Senior Living Investment Brokerage, Inc. recently facilitated the $5.32 million sale of three small assisted living communities in Southeast Michigan with a total of 78 units. The communities are all located within one mile of one another in Temperance, Mich. and were sold by an owner/operator looking to […]
Construction: Planned Developers Plan $40 Million Lake Geneva Senior Housing Whitestone Realty Capital plans to build a $40 million, 126-unit senior housing community near a Lake Geneva resort, reports Milwaukee Business Journal. The development will offer 100 independent living units, 40 assisted and 20 memory care, according to an official from Whitestone cited in the […]
A class action lawsuit filed recently in California is raising questions about the way continuing care retirement communities handle entrance fees in cases where residents or their estates are eventually repaid a portion of the upfront fee. Residents of Vi at Palo Alto allege in a complaint that Vi (formerly Classic Residences by Hyatt) transferred […]
In case you missed it… here are the top five stories grabbing Senior Housing News readers’ attention this week: Emeritus to Merge with Brookdale Senior Living in $2.8 Billion Deal—Senior living giant Brookdale agreed to merge with Emeritus to create what will be the largest senior living network in the country, spanning 330 markets and more […]
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