Having showed renewed signs of activity after a long, latent period, the market for nonprofit continuing care retirement communities (CCRCs) is showing a sudden uptick, according to recent Ziegler findings. As of September 2013, there were eight new CCRCs expected to open by the end of 2015. Today, that number has jumped to 18. Strong […]
Category: CCRCs
Senior Housing News will be taking a brief pause in observance of President’s Day, but will return Tuesday, February 18. In the meantime, here are the top five stories grabbing Senior Housing News readers’ attention this week: Health Care REIT, Revera Overhaul Sunrise Management in Buyout Deal—Private equity is out when discussing the ownership of […]
Construction: Planned North Carolina SNF Plans $3 Million Expansion Liberty Healthcare & Rehabilitation has plans to expand one of its skilled nursing facilities (SNFs) in Advance, North Carolina—a project estimated to cost about $3 million, reports the local Business Journal. Though a general contractor has yet to be selected for the project, Liberty says the […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Developers Blend Traditional CCRC with Mixed-Use, All-Ages Housing—A Midwest development partnership is mixing senior housing with primary and post-acute care as part of an intergenerational project. Senior Housing Development Boom is More Talk than Action—While new […]
Brookdale Senior Living, Inc. (NYSE:BKD) is looking to build upon the success of its entry fee continuing care retirement community sales in 2014 after reporting strong fourth quarter and full-year 2013 results. BKD reported its cash from facility operations (CFFO) increased 29% in the fourth quarter to $88.5 million, or $0.71 per share, compared to […]
Planned Vermont CCRC to Build $10 Million Expansion The Cedar Hill Continuing Care Community, a continuing care retirement community located in Windsor, Vermont, announced this week its plans to build a $10.6 million addition. The 42,000-square-foot, two-level building addition will house a 20-bed memory care unit and will also double the community’s capacity of its […]
Happy hours exist in all sorts of establishments across the country, from the most common—bars and restaurants— to retirement communities, where residents, as executive directors emphasize, are still very much of the happy-hour going type. Many retirement communities put their own twist on happy hour, whether it’s bring-your-own-beverage style or featuring the community’s own fully-stocked […]
For The Mather, a Mather LifeWays continuing care retirement community in Evanston, Illinois, it’s always been about location, location, location. Enjoying the perks of a walkable university town as well as proximity to both Lake Michigan and downtown Chicago, The Mather took first place in the Senior Housing News Design & Architecture Awards in the […]
The ingredients to develop the next generation of senior living may include one part senior housing developer, one part local hospital and one part wellness organization. That’s the recipe for a Midwest partnership planning to construct a $60 million integrated care campus that will blend senior housing with primary and post-acute care within an intergenerational […]
The continuing care retirement community sector continues to grow with another project recently securing financing after achieving its pre-sale benchmark. The Terraces of Boise announced it has secured $103.2 million in municipal bond sales to close financing for a new $53 million Life Care community in Boise, Idaho. More than 70% of the planned residences […]
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