This week was equally as emotional for the senior housing industry as it was for the rest of the country. Kindred surprised the industry by saying “see ya later” to the skilled nursing business, and the industry, as a whole, shared its concerns and hopes surrounding the future of senior housing under a Trump presidency. […]
Construction: Planned Civitas Community Planned in Texas Civitas Senior Living is developing a new senior living community for people ages 55 and up, located in Azle, Texas. The community will be Civitas’ fourth community in Tarrant County and its 25th location, nationwide. Legacy Oaks at Azle will have 123 independent living apartments and 77 assisted […]
After a long evening of counting votes on Tuesday, Donald Trump was declared as the next President of the United States. The impacts of a Trump presidency will soon be known, but Tuesday night fears swirled around a potential market collapse as Trump’s imminent victory created a sharp initial downturn. By Wednesday morning however, the outlook is […]
(Rendering of Longs Ridge at Wind Crest, located in Highlands Ranch, Colorado —Photo courtesy of Erickson Living) Construction: Planned Dominion Senior Living Community Planned for $8 Million Dominion Senior Living has announced plans for a new assisted living and memory care facility in Frankfort, Ky. The $8 million community will be 44,000 square feet. The […]
Major skilled nursing real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) saw a positive third quarter, with a handful of acquisitions—the largest being a $337 million deal, which included 31 skilled nursing facilities. The Hunt Valley, Maryland-based REIT completed $428 million in new investments during the third quarter, with a large portion coming from […]
(Rendering of Arcardia Senior Living, located in Bowling Green, Kentucky —Photo courtesy of Arcadia Senior Living) Construction: Planned Arcadia Community Planned in Kentucky A new senior housing community in Bowling Green, Kentucky is being planned by Arcadia Communities. The community will be constructed on a seven acre portion of land and will encompass 80,000 square […]
A seven-property, assisted living and memory care portfolio has been acquired for $186.25 million by an affiliate of health care real estate investment trust (REIT) HCP Inc. (NYSE: HCP). Chicago-based Senior Lifestyle Corp., the eighth-largest provider in the nation, will take over operations. Senior Lifestyle operates senior living communities in 27 states and offers independent living, […]
Like many Chicagoans, we spent the week in the newsroom battling our emotions over the Cubs—but while that was full of ups and downs, we always were happy to bring our readers up to date on the most recent happenings in the senior housing industry. Readers were clued in on how an immigration program that helps finance […]
(Photo of The Georgian Lakeside Assisted Living and Memory Care, located in Roswell, Georgia —Photo courtesy of KTGY Architecture + Planning) Construction: Planned Updates to Wisconsin Senior Living Community Planned Located in Sun Prairie, Wisconsin, Tallgrass Senior Living (formerly KindredHearts) is planning to start a $2.5 million renovation to the community, if the plans are […]
Senior housing transaction volume continued to slow down in the third quarter of this year, following a sharp dip in the second quarter, according to recent data from the National Investment Center for Seniors Housing & Care (NIC). Decreased activity among the majority of public real estate investment trusts (REITs) partly explains the downtrend, though less […]
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