Terri Cunliffe Named CEO of Covenant Retirement Communities The Board of Directors of Chicago-based Covenant Retirement Communities (CRC), owner and operator of 14 senior living communities nationwide, has named Terri Cunliffe as its CEO, effective June 1, 2015. Cunliffe, who has served as CRC’s chief operating officer since 2010 and has been part of the […]
Omega Communities
Construction: Planned CareTrust REIT Completes $7.5 Million Investment to Build Upscale Colorado Community CareTrust REIT, Inc. (NASDAQ: CTRE) announced today that is has completed a $7.5 million preferred equity investment with Signature Senior Living and Vancouver, Washington-based Milestone Retirement Communities. The investment will be used to develop Signature Senior Living at Arvada, a planned 134-unit […]
Construction: Planned Omega Communities Buys Fla. Site for New $25 Million Community Birmingham, Ala.-based developer Omega Communities this month acquired a nine-acre site in Fort Myers, Fla., which will be the location of the company’s third project in southwest Florida this year. Unlike Omega’s other projects, the Fort Myers development will be the company’s first […]
Senior Housing News kept readers in the front lines of pivotal and breaking senior living industry happenings in 2014 — from billion dollar mergers and acquisitions, to new and innovative practices among providers, to advancements in memory care dining and cutting edge senior housing designs. Here’s a list of Senior Housing News‘s most popular posts […]
Construction: Planned Alaska Developers Inch Forward on Proposed Senior Housing Complex Ward Cove Group is proposing to develop a senior housing complex in Alaska’s Ketchikan Ward Lake-Revilla Road area, a project developers say will address a shortage of housing options for senior citizens, reports local KRBD. Despite hesitation on the part of the Borough Assembly, […]
A California-based private equity firm is moving forward with plans to develop $750 million worth of new senior housing construction over the next three years, for which it’s enlisting foreign investors to help fund a portion of the pipeline. Over the next 36 months, PDC Capital Group, a firm based in Costa Mesa, Calif., will […]
Construction: Planned Developers Propose 239-Unit Senior Living Complex in Georgia Nonprofit the Beverly J. Searles Foundation is proposing to build a 239-unit senior living community in Fayetteville, Georgia, reports The Citizen. The Lafayette Place proposal calls for developing a 13.7-acre site to include 125 independent living units, 24 independent “quad” villas, 60 assisted living units and […]
In case you missed it…here are the top five headlines grabbing SHN readers’ attention this week: EB-5 Funding Booms for Senior Living Development—The Immigrant Investor Program is gaining steam as a growing source of funding for senior living developers, some of which include Omega Communities and RockBridge Senior Living. Brookdale to Change Community Names Under […]
Move over, REITs and private equity—immigrant investors are a growing funding source for senior living development via a government Green Card program that’s gaining steam in the United States. The Immigrant Investor Program—call EB-5—is contributing millions of dollars in capital for some senior living developers. Omega Communities and RockBridge Senior Living are among the senior […]
In case you missed it…here are the top five headlines grabbing SHN readers’ attention this week: 10 Most Expensive States for Assisted Living—The East Coast plays home to some of the most expensive states for long-term care with the median annual cost topping out at more than $86,000 for a single-occupancy assisted living unit, according […]
Subscribe
Receive industry updates and breaking news from SHN