Best Repositioning of 2019: Dated 1980s Office Building Becomes Modern Senior Living

Originally opened in 1923, today Country Club Plaza in Kansas City, Missouri is recognized as a landmark shopping and office district in the City of Fountains — its architecture and design inspired by Moorish and Spanish influences. Walking distance from the plaza stands a five-story building. For years, it was a relic of 1980s office […]

In the Pipeline: Cypress Cove’s $60M Expansion; South Bay Partners Breaks Ground in California

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Cypress Cove at HealthPark Florida Planning $60M Active Adult Community Cypress Cove at […]

CA Ventures to Build Mixed-Use Senior Housing, Medical Office with New Vertical

CA Ventures launched a new service line this week that will share synergies with its fast-growing Anthology Senior Living brand. The Chicago-based real estate developer and investor announced the formation of a medical office building and life sciences division. To lead it, CA Ventures named Russell Brenner president. “Unlike some of our other lines, medical […]

Related, Atria, Welltower, Spitzer Close on JV for Hudson Yards Highrise

Welltower (NYSE: WELL) and Atria Senior Living are involved in the mixed-use tower development by Related Companies and the real estate firm of former New York Governor Eliot Spitzer near the Hudson Yards mega-redevelopment. Related, the New York-based real estate developer, announced the strategic partnership in a press release on Wednesday, February 5. In June […]

Assisted Living Outshines Active Adult In Eyes of Investors

Assisted living has rebounded as a favorable product type with senior housing investors, and has even overtaken active adult communities as demand for assisted living grows and new construction begins to slow. Assisted living surpassed memory care and active adult as an investment focus and trails only independent living as the most popular senior housing […]

How Senior Living Providers Can Defend Against Rising Threat of Litigation

Last week, a jury in Van Nuys, California awarded plaintiffs $5.5 million in a suit they brought against AvantGarde Senior Living for negligence — the largest verdict in that city’s history. The facts in that case are troubling, involving an 89-year-old resident who broke her neck in a fall. But providers throughout the industry may […]

Transactions & Financings: $277M Brookdale-Healthpeak CCRC Deal Complete; Genacross Lutheran-Benedictine Affiliation

Genacross Lutheran Services, Benedictine affiliation planned Toledo, Ohio-based Genacross Lutheran Services signed a letter of intent to join Benedictine Health System, a Duluth, Minnesota-based senior care provider. The 160-year-old Genacross provides post-acute care, senior housing, and family and youth services across northwest Ohio and southeast Michigan. Benedictine provides services across a continuum of care including […]

6 Senior Living Providers to Watch in 2020

Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]

Trilogy Plans to Hire 1,000 High Schoolers in 5 Years Through New Program

Trilogy Health Services launched a new initiative in its ongoing efforts to recruit and retain new senior housing workers, through a work-study program in Kentucky high schools. The Louisville-based senior housing and care provider announced it will invest $10 million in high schools across the Bluegrass State for students interested in pursuing careers in health […]