LCS, California Commercial Investment Co-Developing Community After Land Sale From Motion Picture and Television Fund 

A charitable organization that offers assistance to people in the movie and TV industries has sold land to a developer in Los Angeles with plans for a new senior living community. The Motion Picture and Television Fund (MPTF) recently sold a 19-acre property on the storied Mulholland Drive to the California Commercial Investment Group for […]

How Labor, Construction and Consolidation Will Shape Senior Living in 2024

This article is available as part of your SHN+ membership Nineteen leaders of senior living operators contributed their thoughts to our annual “Executive Forecast” articles, which we published last week. These execs provided valuable insights into what lies ahead for senior living over the next 12 months. Their responses covered a wide range of issues […]

Senior Living Industry Could Fall Short of Projected Demand at Current Construction Rates

The senior living industry could be in need of over 200,000 new units by 2025, a figure that at current construction rates, remains out of reach presently.  That projection comes from a recent article by the National Investment Center for Seniors Housing and Care (NIC) that highlights the impending gap between new development and impending […]

New Senior Living Construction Starts Likely to Bottom Out in 2024

The number of new senior living community construction starts is likely to reach a low point in 2024 not seen since the start of the Covid-19 pandemic. According to a Dec. 21 analysis from NIC, “mid- or late-2024 [is] the most likely period for senior housing construction starts to reach their lowest point.” Additionally, the […]

Liberty Senior Living Tests Unique Ownership Model at Life Plan Community Under Development

Liberty Senior Living is testing a new and unique ownership structure at a new development in the Charleston, South Carolina area. The company is underway in the design and development of its latest luxury life plan community, The Peninsula at Charleston, which is slated for a 13-acre neighborhood district called Courier Square. Amenities will include […]

With Amazon Backing, Northbridge and Partners Expand Assisted Living Medicaid Model in DC

Having successfully developed an assisted living community for Medicaid beneficiaries in the Washington, D.C. market, Northbridge is now underway on a similar project, with Amazon (NYSE: AMZ) among the backers. Amazon’s involvement will “give us a little more flexibility” in the new community compared to the first, Northbridge Communities President Wendy Nowokunski said at the […]

Hines, Tampa Bay Rays Planning Baseball Stadium Development With Senior Living Included

Global real estate company Hines and the Tampa Bay Rays are moving forward with plans for a professional baseball stadium development project with hundreds of senior living units included in the plans.  The project in Saint Petersburg, Florida, was initially announced last year as part of three competing development proposals. Plans by Hines call for a […]

Priya Living Reveals First Community in India Expansion Plans

Priya Living has officially revealed the first community in the company’s plans to expand its model overseas, with expats living in the U.S. as the company’s primary target audience. The company on Tuesday announced Priya Flower Valley, a 42-unit community set to open this November in the Flower Valley township in Gurgaon, India. As planned, […]