Transactions & Financings: Brookdale’s $75 Million Purchase, StoneGate Buys Eight Properties

Brookdale Pays $75 Million for California Property Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) paid about $74.5 million to acquire the real estate of Palm Beach Gardens, a 317-unit property in Palm Beach, Florida. That equates to about $235,000 per unit, according to The Real Deal, which reported on details of the transaction, citing property […]

$140 Million High-Rise Senior Community Planned in Toronto

An Evangelical church in Canada is planning to break ground this August on a towering “life lease” community for older adults. The $140 million project from Toronto-based Global Kingdom Ministries—Trinity Ravine Towers—is yet another example of the strong demand for high-rise senior living communities in the U.S. and Canada. Similar projects are going up in and […]

Transactions & Financings: Welltower’s $130 Million CCRC Acquisiton

Welltower Acquires CCRC in Florida for $130 Million Toledo, Ohio-based health care real estate investment trust (REIT) Welltower, Inc. (NYSE: WELL) has officially acquired Stratford Court of Boca Pointe, a 527-bed continuing care retirement community (CCRC) in Boca Raton, Florida, for $130 million, according to the South Florida Business Journal. The seller was Newton, Massachusetts-based REIT Senior Housing Properties […]

In the Pipeline: Ascent Living to Open in Denver, CA Senior Living Breaks Ground Near Pittsburgh

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Focus Property Group, Ascent Living Planning Denver Community Property investor and developer Focus Property Group […]

Senior Housing Occupancy Could Stabilize in 2018

There may be light at the end of the tunnel for the senior living providers struggling to keep beds filled. Senior housing occupancy rates could stabilize this year, with the potential for occupancy growth beginning in late 2018 or early 2019, according to a new “Seniors Housing and Health Care Market Outlook” report from investment banking […]

HumanGood CEO Envisions Innovation at Every Price Point

HumanGood has gained industry attention for its plans to reinvent the continuing care retirement community (CCRC), but the large nonprofit provider has even grander ambitions when it comes to senior living innovation. This year, it plans to hire an executive to focus on its wide-ranging innovation efforts, which include creating a prototype offering for the […]