Senior Lifestyle Announces New COO Chicago-based owner, operator and developer Senior Lifestyle Corp. announced the appointment of Lisa A. Fordyce as COO, where she will be responsible for leading the company’s operational business strategies and care initiatives. Before joining Senior Lifestyle, Fordyce served as a vice president of operations at Emeritus Senior Living, leading its […]
Greystone Communities
A clear consensus is emerging in the senior living sector: Nonprofits are bouncing back after the recession, and leaders in the industry are taking note of their aggressive push for affiliations. More nonprofit senior living providers are choosing to consolidate or partake in joint ventures for strategic reasons, as opposed to the financial pressures that […]
On the heels of the merger between California-based nonprofit senior living providers American Baptist Homes of the West (ABHOW) and be.group, Greystone Communities President Mark Andrews says he wouldn’t be surprised if there’s more such activity ahead as other nonprofits play catch-up after the recession. Following this year’s The Greystone Event, the senior living advisor’s […]
Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]
A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]
As the United States comes to grips with its own graying population over the next decade, real estate developers in China are looking to American senior living companies for expertise in providing both housing and health care-related services to serve their own aging boom. Last week, Irving, Texas-based Greystone Communities announced a development and management […]
Memory care is set to boom, but not all operators are jumping on the trend in the same way. Some providers are ramping up development of stand-alone memory care models, while others are expanding existing facilities or building new ones to add memory care to existing senior housing communities. The majority of senior housing leaders […]
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. Brookdale and HCP to Acquire 35 Chartwell Communities for $849 Million—The senior living operator-owner duo agreed to purchase Chartwell’s entire U.S. senior living portfolio for $849 million. The portfolio will be acquired using a RIDEA joint venture […]
While many providers are planning ahead for the amount of seniors expected to double by 2050, economist Dr. Arthur B. Laffer says it’s important to note the impact seniors have on the national economy as a whole as both powerful consumer and voter. “Seniors are like everyone else, just older,” Laffer says. “They like to make money, […]
Construction: Planned Developers Plan $40 Million Lake Geneva Senior Housing Whitestone Realty Capital plans to build a $40 million, 126-unit senior housing community near a Lake Geneva resort, reports Milwaukee Business Journal. The development will offer 100 independent living units, 40 assisted and 20 memory care, according to an official from Whitestone cited in the […]
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