Mather LifeWays Bets on Smart Home Tech in $460 Million High-Rise Community

There’s already demand for Mather LifeWays’ newest high-rise project—and it will prominently feature smart-home technology. “We’ve already received three priority deposits—and the first depositor desires two units on the top floor of the first tower,” Mather LifeWays President and CEO Mary Leary told Senior Housing News of the planned $460 million life plan community opening in […]

Silverado Charts Five-Year Plan to Expand Memory Care, Hospice Portfolio

Despite longstanding occupancy turbulence in the standalone memory care sector, one provider continues to chart future growth. Irvine, California-based memory care provider Silverado intends to add two hospice sites and between two and three memory care communities per year over the next five years, President and CEO Loren Shook told Senior Housing News. Silverado has been expanding its presence […]

Transactions & Financings: LTC Credit Agreement, $750M Greystone Debt Fund

LTC Announces Extension of Unsecured Credit Facility California-based LTC Properties, Inc. (NYSE: LTC) recently entered into a second amended and restated unsecured credit agreement to replace the real estate investment trust’s (REIT’s) previous unsecured credit agreement dated Oct. 14, 2014. The credit agreement maintains the $600 million aggregate commitment of the lenders under the previous […]

CCRC Commits $500,000 to Launch Institute on Aging

A nonprofit continuing care retirement community (CCRC) is hoping to soon provide services to the approximately 60,000 local seniors who live outside of its walls, through a new Institute on Aging. Saint John’s on the Lake in Milwaukee, Wisconsin, is establishing the institute, spurred by an initial commitment of $500,000 from the Saint John’s Foundation. The goal of […]

How to Navigate the ‘Flaming Hoops’ of Urban Senior Living Development

The senior housing industry has long contemplated the “urban opportunity,” as large cities appear to be in-demand markets for retirement communities. Plenty of developers are testing this hypothesis and breaking ground in high-barrier-to-entry cities such as New York City, Atlanta and Dallas. To do this successfully, though, “it takes a willingness to jump through flaming hoops,” Dana […]

The Wolff Co. Goes All-In on Offsite Construction for Senior Housing

Senior housing developers on the hunt for creative, cost-cutting construction solutions may want to take a leaf out of The Wolff Company’s book. The real estate development, investment and management firm first entered the senior housing sector in 2016. Before that, The Wolff Co. worked primarily in the multifamily sector. Going forward, all of Wolff’s senior […]

Transactions & Financings: Revera Buys UK Operator, Cushman & Wakefield Files for IPO

Revera Buys UK-Based Senior Living and Skilled Nursing Operator United Kingdom-based senior care and nursing home provider and developer Signature Senior Lifestyle has been purchased by Canada-based operator and investor Revera Inc., Care Home Professional reported. The purchase price was undisclosed. Signature develops and operates care homes, and currently manages 10 care homes in the UK, with […]

Apollo Rumored to Buy $428 Million Brookdale Portfolio from HCP

Apollo Global Management LLC (NYSE: APO) is under contract to acquire a 22-property Brookdale Senior Living (NYSE: BKD) portfolio from HCP, Inc. (NYSE: HCP) for $428 million, Bloomberg reported on Friday, citing an anonymous source with knowledge of the matter. Apollo, a New York City-based alternative investment management firm, currently has about $247 billion worth […]

NHI Strikes Deal with New Operating Partner Comfort Care Senior Living

National Health Investors (NYSE: NHI) has a new operating partner in Comfort Care Senior Living, which believes its commitment to ground-up development and technology integration differentiate it from the competition. Earlier this week, the Murfreesboro, Tennessee-based real estate investment trust (REIT) announced it had purchased a 51-unit assisted living and memory care community in Bridgeport, Michigan, and […]