Category: Finance and Development

Senior Housing Pulls Back on New Construction

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Construction and renovation projects remain popular plays for senior living providers in the year ahead, but their interest in such forays has slightly decreased, according to recently released findings from investment banking and financial advisory firm Lancaster Pollard. The survey, distributed in December, includes responses Read More »

Best of Independent Living 2015: Right Site, Right Size

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For a market that is no stranger to new real estate development, Azulon at Mesa Verde had an unusually welcome reception when it was in the planning stages of its recent senior living project in Orange County, California. The 55-plus community was first envisioned in Read More »

Large Investment Stirs More New Senior Predictions

The world’s largest asset management firm has purchased a significant claim in New Senior Investment Group (NYSE: SNR), but the purchase may not contribute much to an unfolding story that some believe could end with an outright sale of the real estate investment trust. In the Read More »

How Mainstreet Health Aims to Reinvent Long-Term Care

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The U.S. long-term care industry as we know it is on its last legs, and innovative new communities are about to redefine extended-stay, residential senior living. So say two high-profile leaders in the sector, who recently teamed up and have ambitious plans. Zeke Turner is the Read More »

Top Predictions for Nonprofit Senior Living

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Nonprofit senior living providers experienced a 2015 marked by an aggressive push for affiliations, and the year ahead will likely follow suit. Technology adoption, repositionings and staff recruitment and retention will play an increasingly important role in the sector, as well, according to predictions from Read More »

In the Pipeline: Senior Housing Construction Projects (2/4/16)

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(Project rendering of Dominion Senior Living of Richmond located in Richmond, Ky.) Construction: Planned Dominion Senior Living Announces Master-Planned Community in Ky. Knoxville, Ky.-based senior housing provider Dominion Senior Living will soon begin construction on a new assisted living and memory care community in Richmond, Read More »

Labor Shortage Drives Up Senior Housing Construction Costs

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A shortage of skilled workers has driven labor costs for senior living construction projects upward, causing some contractors to even turn down work or be more picky in the projects they choose. While the labor issue continues, material prices remained relatively stagnant in January after Read More »

NIC: Hunger Grows for Skilled Nursing Assets

While transaction volume dwindled among seniors housing and care asset classes during the last quarter of 2015, nursing care remained strong, solidifying its position as an emerging market sweetheart. Quarterly data from the National Investment Center for Seniors Housing & Care (NIC) revealed that skilled Read More »

NBA Star Gets Into the Senior Housing Game

Senior housing operators want their communities to possess an “it” factor: Something that catches future residents’ interest and persuades them to move in. For Federal Way, Washington-based Village Concepts, the “it” factor may come in the form of former NBA player Brian Scalabrine. Scalabrine, who Read More »

Best of CCRC Design 2015: Old Meets New

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Location was the name of the game when it came to the development of Balfour at Riverfront Park, the 2015 Senior Housing News Design Award winner for “Best CCRC.” Location is what prompted Balfour’s Founder and CEO Michael Schonbrun in 2005 to purchase the plot Read More »