Management Ciel assumes management of HarborChase of Princeton, rebrands Ciel Senior Living announced it has assumed management of HarborChase of Princeton. Now rebranded to Ciel of Princeton, the 120-unit assisted living and memory care community is located in Monmouth Junction, New Jersey and the second Ciel Senior Living has taken under management since July 2023. […]
Ziegler
This article is part of your SHN+ subscription Senior living providers are staying aggressive on rates as they look ahead to 2024, carrying over yet again another year of substantial increases while attempting to not impact occupancy figures. From right-sizing rates for a specific market footprint to enacting blanket rental rate increases across an entire […]
This article available as part of your SHN+ membership All signs point to 2024 being another banner year for the growth in the active adult sector, judging by recent news. Among the active adult-related headlines and storylines from the last few weeks, a few featured Greystar. Thanks to its sizable active adult portfolio, the company […]
Earlier in the pandemic, many in the industry surmised that the pandemic had made senior living residents much more urgent with regard to moving into senior living But a new report published earlier this week appears to show that is not the case.. The pandemic’s effect on a resident’s number of days from inquiry to […]
This article available as part of your SHN+ membership Last week, Garden Spot Communities announced a new affiliation with another senior living non-profit, Frederick Living. A quote from CEO Steve Lindsey caught my eye: “The era of the single-site and small-system organization is coming to a close.” Most casual readers of Senior Housing News over […]
Life plan communities are continuing to see higher average occupancy than the rest of the senior living industry in 2023, according to a new analysis. . Total occupancy for the life plan community sector, which includes for-profit and not-for-profit communities, surpassed the rest of the industry in independent living, assisted living and memory care, according […]
The National Investment Center for Seniors Housing and Care (NIC) has named Lisa McCracken as head of research and analytics as the organization continues to retool its leadership team. In her role, McCracken will oversee NIC’s research and analytics team that develops data-driven insights on senior housing industry challenges and opportunities, according to a news […]
Transactions Grandbridge Real Estate Capital facilitates sale of communities Grandbridge Real Estate Capital’s senior housing investment sales team announced the sale of three senior housing communities in Florida on behalf of a national real estate investment trust (REIT). The communities were sold in June and August in separate transactions. Two of the properties were sold […]
This article is part of your SHN+ subscription A recession and a steep slowdown in home sales have yet to come to pass despite recent warnings, and senior living operators and finance experts believe that the CCRC sector’s demand outlook is brighter as a result. Trading in home equity is a common way older adults […]
Financings Ziegler Closes $212.9M financing Chicago, Ill.-based investment bank Ziegler announced the successful closing of Seafields at Kiawah Island’s $212.93 million series 2023 bonds. The community will be a licensed continuing care retirement community and is planned to include 90 IL units and 16 AL units. Amenities include full-service dining, bar, bistro, outdoor infinity pool, […]
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