Covid-19 Makes Quest for Middle-Market Senior Living More Urgent Than Ever

The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]

Standard Communities Completes Record $200M Bond Issuance for Affordable Senior Apartments

A Los Angeles real estate investor specializing in preserving affordable housing for seniors through public-private partnerships has completed the largest affordable tax credit financing in Illinois history and lowered the rents for half of the residents in one senior apartment building. Los Angeles-based Standard Communities is now turning its attention to opportunity zones as it […]

$130M Redevelopment to Bring Senior Housing to Former Mall Site

The site of a vacant mall in a Minneapolis suburb is one step closer to being redeveloped into mixed-use, with affordable senior housing as an anchor. The Plymouth, Minnesota City Council last week approved a plan by developer Dominium to redevelop the 17-acre Four Seasons Mall site into three affordable housing buildings — two for […]

Affordability Is Driving Seniors to These 5 States

Retiring seniors are no longer basing their housing decisions mainly on warmer climates, and senior housing developers and operators should take notice. A report from the U.S. Department of Health and Human Services’ Administration for Community Aging revealed that five states saw 50% spikes in their over-65 population between 2007 and 2017. Those states are: […]

Co-Located Senior Housing, Libraries Open with Nearly Full Occupancy

In the Independence Park neighborhood on Chicago’s Northwest Side, an ambitious mixed-use development including senior apartments officially opened on Sept. 23. The library/apartments concept is an example of the growing trend of incorporating senior housing as a component of mixed-use real estate development. Large-scale changes in the economy are leading to new models of mixed-use […]

HumanGood Eager to Recap Affordable Properties After New HUD Changes

Recent guidance issued by the U.S. Department of Housing and Urban Development (HUD) has the potential to dramatically expand private investment in affordable senior housing redevelopments. And HumanGood wants to come out of the gates strong, targeting a combination of private and public funding to overhaul communities in its portfolio wrapped for years in bureaucratic […]

How Affinity, Presbyterian Homes Are Carving Out a Middle-Market Niche

Two senior housing operators — one for-profit and one nonprofit — are taking different approaches to cutting rents and costs to accommodate the demand for a growing middle-market consumer base. Presbyterian Homes & Services Vice President Jon Fletcher and Affinity Living Group CEO Charlie Trefzger shared their strategies during a webinar Tuesday sponsored by the […]

Solinity Expands Middle-Market Efforts with New Enrich Senior Living Brand

The competition for middle-market senior housing in the Southeast continues to heat up, with a growing operator adding a new brand to its strategy, through a partnership with a capital firm making its entry into senior living. Knoxville, Tennessee-based Solinity announced the formation of Enrich Senior Living, a joint venture with Chicago-based 29th Street Capital, […]

HumanGood CEO: We’ve Always Had National Ambitions

HumanGood’s new affiliation with Presby’s Inspired Life serves dual purposes: creating an organization with national scale that could further expand, with a platform to create an offering for an overlooked segment of the middle market. That platform revolves around the existing affordable housing portfolios of both companies, as well as the capabilities of HumanGood’s in-house […]