Construction: Planned Omega, Maplewood Senior Living to Co-Develop $246 Million NYC Community This week, Hunt Valley, Md.-based real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) and Westport, Conn.-based operator Maplewood Senior Living announced they will co-develop a $246 million luxury senior living community on Manhattan’s Upper East Side. The luxury senior living residence […]
Following a quarter that saw nearly $200 million of new investments, along with the completion of the Aviv “mega merger,” Omega Healthcare Investors (NYSE: OHI) is hungry for more acquisitions—and it’s already spent $184 million in the past month alone. And among its current projects is a senior living development in Manhattan, which is an […]
Brookdale Senior Living (NYSE: BKD) has experienced its share of growing pains after acquiring Emeritus last year. And now, three full quarters since, the nation’s largest senior housing provider continues to see some near-term shortfalls due to integration challenges—namely, turnover of communities’ management staff and ineffective marketing campaigns. In the second quarter ended June 30, […]
Ziegler Arranges Sale of Six-Property Portfolio to Griffin-American Healthcare REIT III Chicago-based specialty investment bank Ziegler recently announced the closing of the sale of the Brentwood Portfolio on behalf of SLCM, LLC., a developer and provider of senior housing in Indiana and Michigan. The portfolio, which was purchased by Griffin-American Healthcare REIT III under a […]
Senior living in the United States isn’t cheap, and average prices have been rising each year. And with with continuing care retirement communities (CCRCs) in particular having hefty price tags, these senior living providers increasingly may find financial planners to be invaluable referral sources. The typical entry fee for a CCRC can be a six-digit […]
The Internet has undeniably changed the senior living buying process. And as more seniors and their family members go online to research senior living options, a provider’s online reputation can be either a deal-maker or a deal-breaker in attracting new residents. Having a strong online reputation can be one of the best weapons in a […]
(Ventana by Buckner – Photo courtesy of Buckner Retirement Services) Construction: Planned Buckner Senior Living Reveals Renderings of Dallas High-Rise CCRC Texas-based Buckner Senior Living, a not-for-profit organization that is part of Buckner International, recently revealed new renderings of its latest project: a high-rise continuing care retirement community (CCRC) called Ventana by Buckner. Scheduled to […]
A large majority of older Americans expect they will likely need long-term care services in the future, but even so, they still lack confidence in their financial ability to pay for this care, a recent report finds. And adults age 40 and older may also be getting less realistic about their eventual needs. Just 32% […]
(Stonecroft Health Campus in Bloomington, Ind. — Photo courtesy of Mainstreet and Trilogy Health Services) Construction: Planned Benchmark Senior Living to Break Ground in Woburn, Mass. The Wellesley, Mass.-based operator will break ground on their newest senior living community, Benchmark Senior Living at Woburn, on July 29th at 10:30. This $30 million development project will bring […]
Amenities can help senior living providers differentiate themselves from their competition, but they can also leech revenue and silently drain cash flow if not priced adequately. And the issue might only become more pressing given the market: Senior living providers today are tasked with providing the best quality of care and services to their residents, […]
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