Construction: Planned Maplewood Senior Living Plots Community in Connecticut Local zoning officials have given the go-ahead to a planned Maplewood Senior Living community in Westport, Connecticut. The senior living provider and the Coastal Construction Group are slated to gain approval to build up to 200 mixed-level senior care units, reports Westport News. Officials Bless Plans for Community in […]
Good times are here for many continuing care retirement communities (CCRCs). The boom times for CCRCs—or “life plan communities,” depending on who you ask—was predicted earlier this year by Marcus & Millichap. The national real estate brokerage firm anticipated that CCRCs would be the only senior housing asset class to see an overall increase in occupancy in 2017. CCRCs […]
The senior living industry is evolving. Some changes are in response to consumer preferences, while others are driven by market conditions such as a wave of new supply. A few leaders in senior living recently weighed in on some of the top trends and forces they see shaping the industry. From the growth in ancillary services […]
One non-profit continuing care retirement community (CCRC) operator has quickly sold all of its newly constructed luxury duplexes, attracting a highly sought after population of younger seniors in the process. The provider, Indianapolis-based BHI Senior Living, believes this shows that seniors do not necessarily want to downsize as they age, and the senior living industry could benefit […]
Construction: Planned Ohio Golf Course Redevelopment to Include Senior Community A plan to turn a golf course into a sprawling apartment development with an included senior living community is moving forward in Sugarcreek Township, Ohio. The $60 million development, called Rollandia Greene, would also include “The Grand of Sugarcreek,” a community with 123 senior independent living, 57 assisted […]
The U.S. Department of Housing and Urban Development’s (HUD) Lean financing program for senior housing is back in a strong way. The program, which insures senior housing mortgages and other types of lending, closed a loan volume of $3.4 billion during the fiscal year that ended Sept. 30, 2017, according to HUD data cited by Columbus, Ohio-based Lancaster Pollard. That’s a roughly 20% […]
CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]
Age-related demographic shifts could one day drive a radical transformation of how assisted living communities are designed and operated, according to a recent report from the Massachusetts Institute of Technology (MIT) Center for Real Estate. The latest census data shows the number of Americans age 65 or older is projected to be 83.7 million by 2050, according to the […]
Operating non-profit senior living grows more complex by the year. Accordingly, providers in that space are becoming more interested in satellite locations, wrestling with how many skilled nursing beds they should have and struggling with staffing issues. But they are optimistic on the whole. That was the core takeaway from the 2017 Ziegler Annual Senior Living Finance […]
Though many older adults experience some kind of sensory impairment as they age, the problem doesn’t stop with vision and hearing. Taste, smell and touch can also dull as people age, but not every senior living community takes that into account. With that in mind, providers could do much more to help design “sense-sensitive” environments for […]
