(Rendering of Westminster of Dallas — Photo courtesy of Riverwood Retirement Management Inc.) Editor’s note: Senior Housing News will be observing the Labor Day holiday on Monday, September 7, but will return to our normal posting schedule Tuesday, September 8. In the meantime, everyone here at SHN would like to wish all of our readers […]
ROC Seniors Housing Fund Manager LLC is having a busy year. The Orlando-based company has already acquired more than $1 billion worth of senior housing and medical properties in the last month, and it shows no signs of slowing down its investment activity for the senior living space. The company has raised $737 million for […]
(The Tower at The Buckingham – Photo courtesy of Senior Quality Lifestyles Corporation) Construction: Planned Developer Planning $250 Million CCRC in Calif. San Luis Obispo, Calif.-based general contracting firm John Madonna Construction Co. is proposing a 342-unit continuing care retirement community (CCRC) on 111 acres in the area, reports San Luis Obispo’s The Tribune. John Madonna, […]
As the senior housing industry continues to grow in sophistication, the technology that tracks it must also evolve to bring more transparency to the market. For more than two decades, the National Investment Center for Seniors Housing & Care (NIC) has been the go-to source for senior living operators, developers, investors and other industry stakeholders […]
(Masonic Village at Lafayette Hill – Photo courtesy of Masonic Villages) Construction: Planned Immanuel Lutheran Communities Plans Senior Housing Community for Montana Not-for-profit organization Immanuel Lutheran Communities, in partnership with Mountain Plains Equity Group, have developed plans to build a new senior living apartment complex on 4.2 acres at 41 Meridian Court near downtown Kalispell in […]
Senior living is already flush with a variety of capital sources, new operators and other entrants looking to cash in on the sector’s favorable demographic trends. But as new players continue to enter the space, they are inevitably priming themselves and the industry for even more consolidation over the next few years. Simply put: consolidation […]
Construction: Planned Zenith Capital, Village Concepts Plan $25 Million Project for Seattle Zenith Capital, a company that provides alternative financing for the senior housing industry such as EB-5 funding, is teaming up with Federal Way, Wash.-based Village Concepts to build a new 100-unit, $25 million assisted living and memory care facility in Seattle. The Linden […]
National Health Investors (NYSE: NHI) President and CEO Justin Hutchens is switching roles in the senior housing investor playing field, announcing his resignation today to join HCP, Inc. (NYSE: HCP) as the company’s chief investment officer for senior housing and care. Hutchens’ resignation, effective August 11, also includes the resignation from his position as a member […]
After several reports in the past few months of rumored buyers interested in acquiring GE Capital Healthcare, a new report indicates the front-running bidder may be Capital One Financial Corp. (NYSE: COF). The national lender, which also services the health care and senior housing industries, is in “exclusive talks” to acquire GE Capital Healthcare in […]
NHI Acquires Ohio Assisted Living and Memory Care Community for $21 Million National Health Investors (NYSE: NHI) announced on Aug. 3 that its NHI-Bickford Senior Living joint venture has acquired Fairfield Village, an assisted living and memory care community in Lancaster, Ohio, for $21 million in cash. The 92-unit Fairfield Village was built in 2006 […]
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