The executives behind West Bay Senior Living are pivoting to a new venture called Momentum Senior Living in a move that will set the stage for the company’s next evolution. West Bay CEO Jim Biggs and COO Josh Johnson are forging ahead with the new management company but swapping roles, with Biggs as COO and […]
Senior housing developer South Bay is now part of the Harbert Management Corporation (HMC) platform. The Birmingham, Alabama-based alternative asset firm in December announced it had entered into a “strategic transaction” to become majority owner and manager of Dallas-based South Bay Partners. HMC has approximately $8 billion in assets under management across multiple asset classes, […]
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 and the annual SHN Awards Competition. Construction: Planned Cypress Cove at HealthPark Florida Planning $60M Active Adult Community Cypress Cove at […]
Welltower acquires San Antonio senior living portfolio Toledo, Ohio-based health care real estate investment trust (REIT) Welltower (NYSE: WELL) acquired a two-building senior housing portfolio in San Antonio, Texas, totaling 335 units. The seller was Dallas-based senior housing developer, South Bay Partners. The two adjacent buildings, Watercrest at Dominion (230 units) and Isle at Watercrest […]
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 South Bay, SageLife Join Forces for Pennsylvania Project South Bay Partners, through its joint […]
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 Ryan Companies, Grand Living Plan Community in Iowa Ryan Companies US and Grand Living […]
South Bay Partners has built over 10,000 senior living units across the country since its founding in 1994. But the Dallas-based senior housing developer’s current pipeline may signal its most ambitious phase yet: South Bay has nearly 2,000 units under construction or in the design and development phase, with a total capitalization of over $1 […]
(Rendering of The Veranda at Groveway, located in Roswell, Ga. — Photo courtesy of McShane Construction Company) Construction: Planned New $10 Million Senior Living Community Planned A new assisted living and memory care community plans to break ground in October in Bethalto, Ill. Cedarhurst Assisted Living and Memory Care will comprise 62,476 square feet and […]
American Healthcare REIT III Completes $350 Million in Acquisitions in Q1 American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced recently that the real estate investment trust (REIT) completed the acquisition of 18 health care properties in 11 states, as well as a collateralized debt instrument, for an […]
Construction: Planned Smith/Packett to Bring $28 Million Project to South Carolina Senior housing developer Smith/Packett is believed to have a $28 million community planned for North Charleston, S.C., local The Summerville Journal Scene reports. The Crossings at Wescott Plantation will be a 182-unit community providing housing options for independent, assisted living and memory care. Project team […]
