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. […]
Grace Management has broken ground on its first active adult project as the company explores further expansion into the space. For Maple Grove, Minnesota-based Grace Management, a subsidiary of CPF living, and Padua Realty Company, the move comes after a years-long period of pursuing acquisitions in the product type, according to President Guy Geller. “We […]
Bill Pettit, a senior living veteran, is branching out with his son to found a new senior housing consulting and investment firm known as Black Dog Capital Advisors. Pettit believes that senior living opportunities are more plentiful than ever, with “more money and profitable returns to capital in the next 5 to 10 years than […]
After plans were set in motion to exit the traditional senior housing space earlier this year, Liv Communities is leveraging its wealth of experience in multifamily development to launch an active adult, 55-and-up brand known as Liv+. In November, Clearwater Living acquired four LivGenerations senior living communities in the Phoenix, Arizona area, with the deal […]
Hospital systems across the United States are pursuing strategy shifts that are starting to reshape senior living market dynamics and suggest new operating models. Health system ProMedica shed nearly all of its skilled nursing facilities while holding onto its private-pay memory care portfolio, in a recently announced deal involving Welltower (NYSE: WELL). And about two […]
Active adult has been hot for several years, but the sector appears to be on the cusp of a major boom. Aided by a recent milestone NIC research report defining the product type, investors and capital partners are increasingly seeing active adult as a good senior housing bet. The topic was on the lips of […]
Each year, thousands of companies across the U.S. vie for a spot on the annual Best Workplaces in Aging Services list. For those that do, the immediate benefit is a new recruiting tool — and valuable feedback from their current workers. The list, published in Fortune with data collected and analyzed by Activated Insights, ranks […]
Last week, NIC released a report defining the active adult product type, answering a question hovering over the senior housing industry. NIC defined active adult as: age-restricted, market-rate, multifamily housing properties that are lifestyle-focused and do not provide meals through general operations. The report also included plenty of new information regarding the size and scope […]
