Nerd alert: Marin County, California might be getting some Star Wars-themed senior housing in the not-too-”far, far away” future. Billionaire George Lucas, of Star Wars fame, is working with the Marin Community Foundation to look at options for developing affordable senior housing at Grady Ranch, a property he purchased more than a decade ago with [...]
Construction—Planned Healthcare Realty Brokerage Represents Sale of Missouri CON for $17 Million Senior Care Development Healthcare Realty Brokerage, a commercial real estate brokerage and advisory services firm specializing in senior housing, long-term care, and medical office properties, recently represented senior care developer Medical Holdings, Inc., based in Arkansas, in the sale of its affiliate entity, [...]
After updating its multifamily rental project closing documents, the Department of Housing and Urban Development (HUD) moved on to the next task at hand: revising its healthcare facility documents “to utilize, as appropriate, the updated multifamily documents while also developing standardized healthcare facility-specific documents as necessary.” The updates have been a long time in coming, [...]
The LaSalle Group to Develop $10 Million Memory Care Community in Georgia Assisted living developer The LaSalle Group announced plans recently to develop its first memory care community in the Northeast region of Atlanta, Ga. The nearly $10 million project will be under The LaSalle Group’s Autumn Leaves brand, which is managed, designed, and operated [...]
The 60+ demographic is blowing up on a global scale and will encompass two billion people by 2050, according to United Nations data, and nearly 440 million of those people will be found in China. The scope of this growth is unprecedented, and with a senior living sector still in the early stages of development, [...]
Pennrose Properties to Build and Manage $19 million LGBT Senior Housing Complex in Philly Pennrose Properties is planning a $19 million affordable senior housing complex in a Philadelphia location known as the “Gayborhood,” reports Pride Source. The development firm recently received $8 million in financing from the Pennsylvania Housing Finance Agency, and plans to obtain the [...]
Just like senior living communities that offer both assisted and independent living are more likely to attract wealthier residents from a greater distance compared to stand-alone IL/AL communities, the seniors housing industry attaches more value to the continuum of care model. “The industry clearly values the continuum of housing options and services in the IL/AL [...]
In a previous article, Senior Housing News looked into the concept of senior living residences incorporating hospitality features to attract a younger resident in pursuit of lifestyle rather than care. While not every boomer is looking for (or can afford) a hotel-like stay on a long-term basis, this idea might be more attractive for shorter-term, [...]
On the Record: Steven Insoft, CFO & COO of Aviv REIT
While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of [...]
On the Record: Majd Alwan, Executive Director of LeadingAge CAST
With technological advancements tied so closely to the future of senior care, Senior Housing News recently interviewed Majd Alwan, Ph.D., the Senior Vice President of Technology and Executive Director of the Center for Aging Services Technologies (CAST) at LeadingAge, an association of not-for-profit, long-term care providers of senior services. At any given time, CAST is [...]
On the Record: Keith Reuben, EVP of Commercial & Specialty Lending at Capital One Bank
In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, [...]
On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living
In 2009, the company known as Erickson Retirement Communities, headquartered in Baltimore, Md., filed for Chapter 11 bankruptcy protection. In December of that year, Hanover, Md.-based Redwood Capital Investments LLC bought most of the bankrupt company’s assets for $365 million, out of which emerged Erickson Living. Senior Housing News recently caught up with Adam Kane, [...]
On the Record: David Reis, CEO of Senior Care Development
After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care [...]
