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 […]
Milwaukee-based Marquee Capital has announced the launch of a new fund targeting property types including senior housing, with a goal of raising up to $100M for investments. Marquee this week announced it had met its $30 million launch goal for Marcus RE Fund II, LP, which represents Marquee’s second investment fund. The fund will be […]
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As the third quarter of 2023 winds down, the internet is still playing an outsized role in the senior living sales process. Operators that cater to residents’ preferences seem poised to win the day in terms of occupancy gains. While more senior living prospects doing their own research online has resulted in an uptick in […]
Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]
Real estate services and investment firm Foundry Commercial has added 16 senior living communities to its Spring Arbor management arm, growing the platform to now 40 communities nationwide. The properties have expanded Foundry Commercial’s presence to South Carolina, Florida, Tennessee, Kansas, Nebraska, Iowa and Minnesota, the company announced in an Aug. 24 press release. The […]
Gardant Management Solutions is growing its presence in the Midwest with the addition of 25 communities to its senior living portfolio. The newly added 25 communities are located in Illinois and Ohio, according to an announcement. Bourbonnais, Illinois,-based Gardant is among the nation’s larger national senior living providers, and with the new management agreements, the […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Ventas (NYSE: VTR) is transitioning operations of 26 previously troubled communities in three states to three new operators, the company announced Tuesday. All three are existing operating partners for the Chicago-based real estate investment trust (REIT). Sodalis Senior Living is slated to operate 13 communities in Texas, while Priority Life Care is operating eight communities […]
Financings Greystone provides $16.8 million for green financing program Commercial real estate financial company Greystone has provided $16.8 million via a HUD LEAN 232/233(f) green loan to refinance a supportive living facility in Illinois. The facility, Plum Creek at Rolling Meadows, is a 102-unit facility on 1.46 acres and was constructed in 1986. The owner […]
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