The Covid-19 pandemic has led to financial distress across the senior living industry as occupancy has fallen to historic lows — but for one new operator, that is an opportunity. The newly launched company, Alta Senior Living, is planning to build out its portfolio first by acquiring communities at a good price due to the […]
Welbrook Senior Living
HCP To Sell 15 Million Shares of Stock HCP (NYSE: HCP) is selling 15 million shares of its common stock. The stock consists of 2 million shares offered directly by the company and 13 million shares offered on a forward basis in connection with a forward sale agreement, at a price of $28.90 per share. The forward buyer, […]
Construction: Planned Senior Community Planned in Hanover Park, Ill. A master-planned community for adults ages 55 and over is planned in Hanover Park, Ill. Verandah will have independent living, assisted living and memory care components. There will be two-story townhomes, single-level villas and condos available for sale. The $40 million community will include amenities such […]
(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 […]
It appears that Mainstreet has some emerging competition in the transitional care space, as a pair of new entrants embark on an aggressive pipeline to develop several short-term rehabilitation facilities primarily located in the Southwest. National Healthcare Realty (NHR), a development company formed earlier this year with a focus on health care verticals, will build 20 […]
(The Westerly Residences and Wichita Presbyterian Manor – Photo courtesy of Presbyterian Manors of Mid-America) Construction: Planned LTC Properties Buys Land for New Chicago-Area Memory Care Development LTC Properties, Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, Calif., this week acquired 3.5 acres of land in Tinley Park, Ill., a south suburb […]
Construction: Planned NHI, Bickford Senior Living Breaking Ground on Five New Projects National Health Investors, Inc. (NYSE: NHI) last week announced that its joint venture with Olathe, Kan.-based operator Bickford Senior Living will develop five senior housing communities in Illinois and Virginia. Each community will consist of 60 private-pay assisted living and memory care units […]
Construction: Planned Senior Housing Trio to Break Ground on $20 Million Assisted Living Project Integral Senior Living announced this week that a new community it will manage will break ground on a new assisted living and memory care community in Torrance, California. Capitol Seniors Housing along with Welbrook Senior Living have begun development of Welbrook […]
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