Construction: Planned Granger Group Plans $25 Million Senior Living Community The Granger Group, a real estate developer based in Wyoming, Michicgan, announced it will build a $25 million, 130-unit senior living community on the campus of Metro Health Village, reports MLive. Plans for the four-story building include 70 independent living units, 40 assisted living and […]
Category: CCRCs
After a months-long process to gain ownership of a distressed Florida continuing care retirement community, Erickson Living announced today its ownership and management of Palm Beach Gardens-based Devonshire at PGA National and its continuing care neighborhood. “We are proud and excited about bringing the Erickson Living lifestyle to southeast Florida and expanding our management portfolio […]
LCS announced an agreement to acquire Encore Senior Living, a management company based in Portland, Ore. that operates nine communities across the country. Under the deal, Peter Muhlbach, Encore’s principal and several other key employees will join LCS and continue to manage the communities under the Encore brand. The acquisition becomes effective February 1, 2014, […]
In the thawing of nonprofit CCRC financing for new construction, Zielger announced Thursday the closing of $190 million in unrated, tax-exempt fixed-rate Series 2013 Bond issue for nonprofit the Arlington of Naples. The Arlington of Naples was incorporated in 2008 for the purpose of developing, owner and operating a non-for-profit Type B CCRC in an […]
Griffin-American Healthcare REIT II has acquired four continuing care retirement communities located in the Midwest from West Loop Holdings, LLC in a RIDEA-structured deal. The purchase price was about $300 million, according to unnamed sources close to the deal. The involved parties did not disclose the purchase price in documents filed with the Securities and […]
An Iowa life care retirement community voluntarily filed for prepackaged Chapter 11 bankruptcy last Friday, citing the economic downturn’s “significant adverse impact” on the community’s ability to attract new residents into its independent living units. Deerfield Retirement Community Inc. in Urbandale, Iowa is a 224-unit continuing care retirement community sponsored and managed by Lifespace Communities […]
A $250 million senior housing development is slated to break ground later this month, as a project of the Jewish Federation of South Palm Beach County called the Sinai Residences of Boca Raton. The development is planned to include 237 units with a refundable entrance fee model. As of this month, more than 70% of […]
Construction: Planned Isakson Living $200M CCRC Delayed Again A $200 million senior living project from Isakson Living has been delayed again following the rescheduling of a zoning hearing by the Cobb Planning Commission of Cobb County Georgia, reports the local Patch. The delay, according to Patch, was due to the commission’s decision to appoint a […]
Construction: Planned LCB Senior Living Seeks Approval for New Hampshire Assisted Living Norwood, Massachusetts-based LCB Senior Living is proposing to develop an 84-unit assisted living and memory care community for Salem, New Hampshire, reports New Hampshire Union Leader. Project plans detail a three-story, 73,000-square-foot building across from the Ingram Senior Center on Sally Sweets Way. […]
Senior Housing News today announced the winners of its first-ever architecture and design competition. A panel of expert judges worked tirelessly to choose the best-of senior living across seven categories. We are pleased to announce the winners and congratulate them on their well-deserved success. The 2013 winners for the best of senior living design are: […]
Subscribe
Receive industry updates and breaking news from SHN