Real estate development company Bonaventure is exploring senior living acquisitions in 2023 as the cost of new development and sourcing capital for projects remains high. The Arlington, Virginia-based real estate development company will look for assets that are “great buildings with great fundamentals, but they have a bad balance sheet,” according to CEO Dwight Dunton. […]
AgeWell Living
Two senior living operators have merged in a move that has created a new company with 19 communities in seven states. The Florida-based companies — Solvere Living, headquartered in St. Petersburg; and AgeWell Living, headquartered in North Palm Beach — on Jan. 1 merged, forming a new company called AgeWell Solvere Living. The two companies’ […]
Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in Montgomery, Alabama; The Crossings at Iron Bridge in Chester, Virginia; and The Chamberlain in Hampton, Virginia. Cushman & Wakefield advises on $37.1M financing for South Carolina assisted living community Cushman […]
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 Watercrest, United Properties Announce Plans for Florida Community Watercrest Senior Living Group and United […]
SmartStop Names Senior Vice President of Finance SmartStop Asset Management, a public, non-traded real estate investment trust (REIT) specializing in self-storage, student and senior housing, recently promoted James Barry to the role of senior vice president of finance. In this capacity, Barry is responsible for managing budgets, forecasts and financial analyses for SmartStop. Previously, Barry […]
(Symphony of Dyer – photo courtesy of Mainstreet and Symphony Post Acute Network) Construction: Planned Methodist Retirement Communities Plans Texas Senior Living Community Methodist Retirement Communities recently announced plans for the development of a new independent, assisted living and memory care community in College Station, Texas. The not-for-profit organization anticipates a mid- to late-September closing […]
Construction: Planned Developers Propose 122-Unit Senior Housing Development in Mass. A group of housing developers and investors say their proposed 122-unit senior housing project in Wareham, Mass. would be a perfect fit within the the community, reports local WarehamVillageSoup.com. Representatives of real estate asset acquisition company Allied Ventures, housing developer Calamar, and G.A.F Engineering of […]
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