As Covid-related distress has hit senior living, particularly for mom-and-pop operators, some providers with regional portfolios are seizing the opportunity to expand in 2021 and beyond. While regional operators weren’t seen as a big driver of consolidation in previous years, some brokers now expect them to be a driving force in acquisitions this year. In […]
Sales and operator transitions Livingston Street Capital affiliate acquires Maryland active adult community An affiliate of Livingston Street Capital has acquired Alta at Regency Crest, a 150-unit, 55-plus active adult community in Ellicott City, Maryland. This is Livingston Street’s fourth recent active adult acquisition. Previously, the firm purchased two communities in Utica and Albany, New […]
HJ Sims closes $96M financing package for Asbury Communities HJ Sims closed on a $96.12 million bond refinancing for Asbury Communities’ senior housing communities in Pennsylvania: Bethany Village in Mechanicsburg; and Springhill in Erie. Sims assisted Asbury the communities’ outstanding Series 2010 Bonds on their first optional redemption date of January 1. Sims successfully priced […]
Some senior living providers are standing out in their local markets by catering to residents with unique needs. In particular, two companies — Randall Residence, a senior living provider headquartered in Lawton; Michigan and Wilsonville, Oregon-based Avamere Companies — have developed operational models that blend traditional senior living with services for residents who have experienced […]
Construction: Planned $75 Million CCRC Planned for Long Island, N.Y. Plans have been proposed for a new Life Plan Community, Fountaingate Gardens, in Commack, Long Island. The community will include spacious one-and two- bedroom residences in two buildings called The Parkview and The Terraces. Some will include dens and balconies as well as landscaped grounds and […]
Senior housing providers across the country have found rebranding can fill long-standing vacancies and make their communities relevant again, so it shouldn’t come as a surprise that more and more seem to be taking the plunge. Several high-profile name changes have already occurred within the past year, including The Assisted Living Federation of America (ALFA) […]
Construction: Planned Dayton, Ohio Senior Living Proposal Represents $60 Million Investment A plot of undeveloped land is presenting a $60 million investment opportunity for a planned senior living community in the Dayton, Ohio metro area, reports Dayton Daily News. A 65-acre tract of land could be the site of a new senior living community in […]
