ZOM Senior Living is positioning itself to capture the “migration patterns” of older adults as the company gears up for growth, after completing its first luxury housing communities over the past year. Primarily focused on multifamily development, ZOM Living started its senior housing vertical in 2018 and completed its first community, Wellington Bay, in September […]
Category: Active Adult
A master-planned residential concept with 55+ housing linked to The Walt Disney Company (NYSE: DIS) is expanding to Raleigh, Durham and Chapel Hill, North Carolina. Known as Asteria, the new, 4,000-unit residential community is slated to see construction “by 2027,” on a site with 1,500 acres of land in Chatham County in Pittsboro, North Carolina, […]
Avenue Development has brought in prolific active adult operator Greystar to manage its new Viva Bene active adult line of communities, the first of which is slated to open near St. Louis. The Viva Bene concept is one that marries the more middle-market rates of active adult with access to preventative care for residents. That’s […]
Active adult rental housing has been a hot asset class in recent years, but even as this type of senior living has grown quickly, there is still a lot of market share for investors and operators to battle over. “This is a huge opportunity in our industry to fill a niche … quite honestly, in […]
Entertainment behemoth The Walt Disney Company (NYSE: DIS) has for the first time given a detailed look into its planned Storyliving by Disney concept and its significant d 55+ housing component. Disney first announced plans for a master-planned community with a range of multi-family and active adult neighborhoods in 2022. The first community, known as […]
This article available as part of your SHN+ membership All signs point to 2024 being another banner year for the growth in the active adult sector, judging by recent news. Among the active adult-related headlines and storylines from the last few weeks, a few featured Greystar. Thanks to its sizable active adult portfolio, the company […]
Spurred on by recent success, the nation’s largest operator of active adult communities is gearing up for even more growth and evolution in the sector. The Charleston, South Carolina-based multifamily and senior housing operator, developer and builder is already sizable with 110 communities owned or operated in 28 states and 90 markets. And that is […]
Headwaters Group is moving full steam ahead with a middle-market active adult growth strategy, and active adult operations giant Greystar slated to manage the company’s properties. Currently, the Denver-based real estate owner and developer has four development sites under control in Colorado and one in Arizona. The company also is a co-sponsor on an acquisition […]
Former Ascension Living President Danny Stricker launched Chapters Living last August, and in the time since, he has been putting the pieces together on a long-term strategy. Stricker, the co-founder and president of the St. Louis-based senior living operator backed by Green Street Real Estate Ventures, is poised to close the acquisition of a seven-community […]
Real estate development company Bonaventure is exploring senior living acquisitions in 2023 as the cost of new development and sourcing capital for projects remains high. The Arlington, Virginia-based real estate development company will look for assets that are “great buildings with great fundamentals, but they have a bad balance sheet,” according to CEO Dwight Dunton. […]
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