HumanGood’s new affiliation with Presby’s Inspired Life serves dual purposes: creating an organization with national scale that could further expand, with a platform to create an offering for an overlooked segment of the middle market. That platform revolves around the existing affordable housing portfolios of both companies, as well as the capabilities of HumanGood’s in-house […]
A “zen-inspired” continuing care retirement community in northern California is taking shape. Proposed by Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, the project now has a name, financial backing, approval from local officials and a growing list of seniors interested in calling it home. The project brings an innovative new twist to […]
The “Vertical Medical City” is still only a concept, but Ponte Health Properties continues to build a pipeline of sites in the U.S. and is looking overseas for future growth of the ambitious projects that tie senior living and health care in prime locations. Ponte Health will break ground on its $1 billion Vertical Medical […]
Senior living communities are in constant reinvention, looking for ways to improve operations, strengthen relationships with residents and employees and plan long term for future growth. This is something The Admiral at the Lake, a Kendal Corp. continuing care retirement community in Chicago’s Edgewater neighborhood, knows well. It has gone through several reinventions throughout its […]
New Senior Investment Group (NYSE: SNR) appointed Justin Hutchens to its board of directors, the New York City-based health care real estate investment trust announced Wednesday. His appointment is effective immediately, New Senior said in a statement. Hutchens is currently chief executive officer of HC-One, one of the largest care home operators in the United […]
Ventas invests $490M in Colony Capital refinancing, announces $800M research development pipeline Ventas (NYSE: VTR) announced four new developments, totaling $800 million in its university-based research and innovation business, all in partnership with Wexford Science & Technology (“Wexford”), the leading developer of university-focused real estate solutions. These investments are part of $1.5 billion research and […]
Bridgewood Property Company has quietly become a regional force in senior living with a “steady as she goes” approach to development and operations. The Houston-based company has developed 34 communities since its founding, founder and president Jim Gray told Senior Housing News. Its current portfolio of 22 properties in Texas, Oklahoma and Arkansas, totaling 2,600 […]
The question of whether the senior living industry is prepared to meet the demand for middle-market senior housing has emerged as one of the top issues facing the industry in 2019. With the aging of the baby boom, the contingent of middle-income seniors is set to hit 14.4 million people by 2029, and 56% of […]
Two Dallas-based companies have teamed up to build a $17 million assisted living and memory care campus in nearby Denton, Texas, and have established an opportunity zone fund to raise part of its capital stack. Sage Oak Assisted Living and ANG Development established GoodHorn Senior Living Opportunity Zone Fund, with a target goal to raise […]
GenCare Lifestyle, already an industry leader in wellness-focused senior living operations, is launching a health system partnership in one of its communities, with plans to scale. The partnership will build on the company’s wellness foundation and broaden what the Seattle-based provider can offer its residents, as well as improve their quality of life, founder and […]
