(Patrick Square front rendering courtesy of Dominion Senior Living) Construction: Planned Watercrest, United Properties Teaming Up on Florida Community Operator Watercrest Senior Living Group and developer United Properties are teaming up to open a 128-unit luxury senior living community in Naples, Florida, the companies announced jointly. United Properties purchased the property in 2016. The two […]
If the senior living industry faces one imminent challenge related to the looming demand wave, it’s staffing. Widespread labor shortages and stiff competition in some markets makes hiring good employees particularly challenging these days. Can anything be done about it? Four senior living CEOs tackled that very question during a July 13 panel discussion moderated by PointClickCare’s […]
Despite sagging occupancy nationwide, the CEOs behind some of the country’s leading senior living companies still see plenty of opportunity for growth—and a chance to shape regulations that may be coming down the pike. That was the theme of a July 13 panel discussion at the Senior Housing News Summit in Chicago that included insights from […]
Construction: Planned Caddis Plans Senior Housing Community Near Atlanta Health care real estate firm Caddis is moving forward with its plan to build an independent, assisted living and memory care community in Suwanee, Georgia. The community, Heartis Suwanee, would include 175 units and amenities such as walking paths, game and activity rooms, and a beauty and barber shop. Caddis expects […]
Though some senior living operators use expensive amenities and state-of-the-art facilities to boost their image, they might receive more referrals if they had an overarching theme to pull their communities together. That’s according to a new report authored by Scott Girard, director of imaginality and planning at landscape architectural firm Brad Smith Associates. Girard would know better than most. For 34 years, […]
HCP Names New Senior Vice President and Chief Accounting Officer California-based real estate investment trust (REIT) HCP (NYSE: HCP) named Shawn Johnston to the role of vice president and chief accounting officer, the company announced. Johnston starts his new job on Aug. 15. Johnston is replacing HCP’s current Chief Accounting Officer, Scott Anderson, who is […]
(This story has been updated with a July 14 statement from Affinity) Two senior living providers are targeted in a lawsuit alleging they defrauded the U.S. and the state of North Carolina out of more than $60 million. That’s the gist of the suit, which was recently unsealed and claims that the senior living operators […]
One of the largest senior living operators in the U.S. has a new chief operating officer. Capital Senior Living (NYSE: CSU), which operates 129 senior housing communities in 23 states including California, New York, Virginia, Texas and Illinois, named Brett D. Lee, 42, as its new executive vice president and chief operating officer, according to a press […]
It should come as no surprise that leaders of the largest publicly traded real estate investment trusts in senior housing—and the nation’s largest provider—topped this list of highest paid senior living executives in 2016. Company leaders at Welltower (NYSE: HCN), Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation in 2016, which includes base salary, […]
Construction: Planned Former National Guard Armory in Pennsylvania to Become Senior Housing The new owners of a former National Guard armory in Sunbury, Pennsylvania, seek to turn the historic building into a senior living community. As planned, Z&Z Limited Partnership would build nearly 50 senior homes on the same site as the armory, according to the Daily […]
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