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 […]
Category: Active Adult
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 […]
For years, one big question has plagued the active adult senior living sector: What exactly is it? That question now has an answer thanks to a new and significant report from the National Investment Center for Seniors Housing and Care (NIC). The report from NIC MAP Vision, released on Thursday and years in the making, […]
Last week, news broke that entrepreneur Adam Neumann — of WeWork fame, or infamy — now wants to transform residential real estate. And he has $350 million from Andreessen Horowitz backing his venture, dubbed Flow. Details about Flow are sparse, and WeWork’s tailspin made Neumann look more like a pariah than a visionary. Still, I […]
An Iowa-based developer of senior housing cooperatives is looking to expand into neighboring states with a new twist on a decades-old model. The company, Pella, Iowa-based Ewing Properties, has 11 senior housing cooperatives in the state under its Vintage Cooperative brand. Like other kinds of senior housing co-ops, residents in Vintage Cooperative communities don’t rent […]
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