Must-Read News: Brookdale Deal on Hold, CCRC as a Second Home

Happy Monday, Senior Housing News readers!

Did you have an especially busy weekend? One where you didn’t even leave your house? No matter how you spent the past two days, we’re here to fill you in on of all of last week’s senior housing industry news.

Also, be sure to check out the “Also in the News” section for the latest on the 115-year-old Diablo the tortoise saga.

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Here’s what happened last week:

The acquisition of Brookdale Senior Living (NYSE: BKD) by Beijing-based real estate and leisure firm Zhonghong Zhuoye Group Co Ltd has reportedly stalled. All the while, the nation’s largest senior living provider is feeling plenty of heat from new competition.

Colorado-based Balfour Senior Living is taking an extra step to clear the air around marijuana use by educating its residents about the green, leafy plant—and by permitting its employees to use the drug recreationally.

A continuing care retirement community in Washington recently unveiled plans for small but amenity-rich senior apartments for residents who want to get their foot in the door at the CCRC, but may want to just treat the senior living community as their second home.

Senior Housing News spoke with several industry veterans who specialize in the build-out of senior living communities about how to successfully keep their project costs in check and deliveries on time. 

Also in the News

Elusive 115-Year-Old Tortoise Returns After Second Vanishing Act—Diablo, the famous, 115-year-old reptilian resident of a senior living community in Albuquerque, New Mexico, has recently disappeared from the community and come back—twice. “We’re looking into getting a GPS tracker or name tags to attach to his shell in case he goes missing again,” Vera Schaffer, Manzano del Sol Village’s resident services director, told the Albuquerque Journal.

Written by Mary Kate Nelson

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