Happy Monday, Senior Housing News readers! We’re happy to share that the San Diego Splash—the oldest (dare we say best?) team in the San Diego Women’s Basketball Association—has secured an official endorsement deal from Miracle Whip. “I couldn’t be happier because I’ve been a Miracle Whip fan since I was 3 years old,” team member […]
Category: Finance & Development
When it broke ground on a luxury highrise in Manhattan earlier this summer, Maplewood Senior Living also announced that the building would launch its new Inspīr brand. Maplewood now is detailing ambitious plans to create other Inspīr communities by pursuing a multi-billion dollar pipeline of developments both in U.S. and international urban markets. “There’s been […]
As far as senior living is concerned, it’s time to start planning ahead. At first, some senior living owners and operators may find that difficult, as the future of the industry tends to be a little foggy, according to Chris Frommell, managing partner at Milwaukee, Wisconsin-based senior living development services firm Direct Supply Aptura. “When […]
(Patrick Square front rendering courtesy of Dominion Senior Living) Construction: Planned Watercrest, United Properties Teaming Up on Florida Community Operator Watercrest Senior Living Group and developer United Properties are teaming up to open a 128-unit luxury senior living community in Naples, Florida, the companies announced jointly. United Properties purchased the property in 2016. The two […]
As the senior housing industry struggles to adapt to declining occupancy rates and staff availability, investing in quality market analyses is a crucial step before breaking ground. As new industry trends emerge, new areas of the market need to be monitored by senior housing owners and operators. These new market feasibility indicators include seniors’ individual […]
Construction: Planned Caddis Plans Senior Housing Community Near Atlanta Health care real estate firm Caddis is moving forward with its plan to build an independent, assisted living and memory care community in Suwanee, Georgia. The community, Heartis Suwanee, would include 175 units and amenities such as walking paths, game and activity rooms, and a beauty and barber shop. Caddis expects […]
Assisted living occupancy is continuing to fall nationwide, according to data released Wednesday by the National Investment Center for Seniors Housing & Care (NIC). The average occupancy rate for assisted living properties across the country fell to 86.5% in the second quarter of 2017. That’s 0.7 percentage points lower than the average occupancy rate in […]
Walker & Dunlop Arranges $20 Million and $6.9 Million Loans for Senior Housing Projects in Florida, Wisconsin Bethesda, Maryland-based commercial real estate services and finance company Walker & Dunlop (NYSE: WD) recently arranged a $6.9 million loan for William Booth Towers, a 15-story, 168-unit Section 8 apartment community in Orlando, Florida, that’s restricted to residents 62 years old […]
Senior housing stakeholders have understandably been on high alert this year, as concerns around overbuilding seem to grow by the day. These concerns, however, may be overblown. In fact, capital is plentiful and can potentially offset any negative effects of overbuilding, according to the Spring 2017 Seniors Housing Market Report from Chicago-based global commercial real estate […]
Senior housing veterans with resumes that include stints at Fortress Investment Group (NYSE: FIG), Brookdale Senior Living (NYSE: BKD) and GE have now closed an impressive private equity fund to make investments in the sector, which could total $900 million. Focus Healthcare Partners LLC, a Chicago-based private real estate investment firm targeting the senior housing […]
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