The University of Washington Men’s rowing team stunned the world by taking a gold medal at the Berlin Olympics in 1936. Nearly 90 years later, Aegis Living has distilled that Olympic spirit at an assisted living community just north of Seattle. The community, located on the east bank of Lake Union, does not simply include […]
Category: Assisted Living
LTC Properties (NYSE: LTC) is investing $128 million in 12 assisted living communities as part of a joint venture with one of its current operating partners. Of the $128 million, the Westlake, California-based is putting $117 million toward acquiring a 97% stake in a joint venture with the operator for the purchase of 11 properties. […]
Financings Inspired Healthcare Capital Close Two Before 2023 Inspired Healthcare Capital announced it closed two acquisitions before turning the calendar to 2023. The first community – called Thrive at Augusta – is an 85-unit assisted living and memory care community located in Augusta, Georgia. The second community — called Dancing River — is an 84-unity […]
With resident rates on the rise, many operators have emphasized the need to to demonstrate the value of senior living communities as a way to justify that cost. Doing so is not always easy. Prospects and their loved ones don’t always come to the table with a grasp on what senior living is or why […]
Brandywine Living CEO Brenda Bacon is focused on the next iteration of intergenerational living — but to achieve it, she is going back to her roots and taking inspiration from a slightly older way of life. With its most recent intergenerational development in the D.C.-area market of North Bethesda, Maryland, Brandywine is aiming to connect […]
When CA Ventures launched Anthology Senior Living 2018, Justin Dickinson figured the new company’s president, Ben Burke, wouldn’t be going anywhere for a while. In 2021, Dickinson joined Waterton, the parent company of Pathway to Living, to ultimately lead the senior living operator after the departure of co-founder and former CEO Jerry Finis. Then, earlier […]
With a planned project in the Washington, D.C. market, Benchmark Senior Living is forging ahead with among its first projects outside of New England. But for Benchmark Founder, Chairman and CEO Tom Grape, that growth strategy is more than two decades in the making. “This is Benchmark’s 25th year, and for all 25 I’ve been […]
Improvements in senior housing fundamentals for Welltower (NYSE: WELL) are creating a “strong setup for 2023,” according to CEO and Chief Investment Officer Shankh Mitra. Specifically, Welltower’s senior housing operators demonstrated historically strong pricing power in Q3 2022, and Mitra is even more excited about positive workforce trends. “We strongly believe the labor market is […]
While it’s no secret that middle-market senior living is a vastly underserved market, newly released data shows how stark the situation is in the most populous state in the nation. The population of middle-income older adults in California is set to increase more than 60% by 2033, reaching 1.6 million people. Of that group, more […]
Financings CBIC Provides $17M for AL, SNF Portfolio CBIC Bank announed that it provided a California lessor with a $17.5 million mortgage facility related to the refinancing of an assisted living and skilled nursing portfolio in Southern California. The portfolio consists of 180 assisted living units and 100 skilled nursing bed and is run by […]