Management Legend Senior Living grows portfolio to 60 Legend Senior Living announced it has assumed management of Crescent Fields at Huntingdon Valley, bringing its total up to 60. According to a press release, Legend has now added 12 communities over the last 12 months. The transition took place on Aug. 20. Thrive expands Texas footprint […]
This story is part of your SHN+ subscription There is a growing focus on finding alignment between the owners of senior living communities and the operators that manage them – but doing so is not always easy. Leaders of senior living real estate investment trusts (REITs) such as Ventas (NYSE: VTR) and Welltower (NYSE: WELL) […]
Senior living developer, owner and operator Solinity has acquired a new community as part of a brand launch and growth strategy. The acquisition of St. Ives, a 36-apartment assisted living and memory care community in Johns Creek, Georgia, is the first community in the company’s new Hometown Living brand. It’s also the step in the […]
At a time when many single-site senior living communities are scaling up by joining a larger organization, one life plan community in Pennsylvania is taking a different approach. The community, The Highlands at Wyomissing, on Thursday announced the launch of the new organization, Aspire for Well-Being. The organization will serve as a holding company for […]
A new crop of leaders is at the helm at a handful of senior living nonprofits. Now, they are collectively plotting their organizations’ next steps with an eye for what the incoming generation of residents will want. Some of the nonprofit senior living sector’s newest leaders include Erin Shadbolt, who ascended to the CEO role […]
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An older adult’s chance of getting a diagnosis of Alzheimer’s or another form of dementia may depend on where they live. That’s according to a new study conducted by researchers at the University of Michigan and Dartmouth College and published in the journal “Alzheimer’s & Dementia.” The study’s researchers examined Medicare claims from 4.8 million […]
The cost of building a senior living community is still rising in 2024, but there are some reasons to be optimistic about the road ahead. That’s according to the latest Senior Living Construction Costs report from Weitz Company. Constructing a mid-level independent living unit in the summer of 2024 ranges from $237 to $284 per […]
Fitch Ratings has set in stone its new rating criteria for new ratings and how it will be monitoring life plan communities (LPCs) moving forward. The agency on Monday said it had made some “notable changes” to its methodology for life plan community ratings, including better defining the major factors it looks at when assigning […]
Financings Atria Newport Beach refinanced secures $52M refinancing JLL Capital Markets announced on Aug. 15 that it secured $52 million in refinancing for Atria Newport Beach in Newport Beach, California. According to a press release, JLL represented the borrower, a partnership between a national real estate investment trust and Atria Senior Living. The community was […]
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